Bush Signs Bailout Bill into Law
Hours after the House voted in favor of a revised $700 billion bailout plan Friday, President Bush signed it into law, capping a tumultuous week on Capitol Hill.
Citigroup Halts Wells Fargo Takeover of Wachovia
Citigroup won a delay in court to save a government-backed takeover of the failing Wachovia, after Wells Fargo moved in with a more generous offer.
Skype Is Latest U.S. Company Caught in Chinese Controversy
Skype has come under criticism after it was discovered that its Chinese partner has been censoring messages and logging user data.
The Credit Crisis Hits Campus
While much of the national coverage of the banking and credit crisis has focused on its impact on Wall Street and Main Street, institutions of higher learning are also feeling the pinch.
Insight, Outlook For European Efforts: Are They Enough?
European credit crunch deepens; officials pledge to rescue troubled banks; Analysis by Roger Nightingale of Pointon York
Asian markets plunge on fears crisis is spreading
Asian stock markets plunged Monday as investors took scant comfort from Washington's passage of a $700 billion bank bailout and focused instead on deepening financial turmoil in Europe that threatens to slow global growth.Japan's benchmark Nikkei 225 average was down 4.4 percent to 10,452, while Hong Kong's Hang Seng index slid 3.7 percent to 17,198.Markets in mainland China, Australia, South Korea, Singapore and Thailand also fell sharply. Indonesia's key index plunged more than 5 percent.
Credit crisis sweeping the U.S. has added to pressures on auto dealers
Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the U.S. Potential buyers are worried about whether ...
Major Supreme Court cases for the new term
Highlights of some high-profile cases that the Supreme Court will take up in its term that begins Monday:_Drug maker liability: Vermont musician Diana Levine won a $6.8 million judgment against drugmaker Wyeth after having part of her right arm amputated in 2000 when an anti-nausea drug was injected improperly. Now Wyeth, backed by the Bush administration, wants the high court to rule that Food and Drug Administration regulation of prescription drugs _ in this case, approval of warning labels for drugs _ overrides state laws and makes it easier for companies to defend against consumers' claims.
Merkel: Germany working hard to keep Hypo afloat
German Chancellor Angela Merkel says her government is working hard to keep Hypo Real Estate AG afloat because it will not let the failure of any company disrupt Europe's biggest economy.She tells reporters: 'We will not allow the distress of one financial institution to distress the entire system. For that reason, we are working hard to secure Hypo Real Estate.'Merkel says the rescue plan would ensure that anyone who made reckless market decisions would be made to answer for their actions.