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Sharply disappointing results at a company widely viewed as a bellwether underscore the damage done by the credit crisis throughout the economy.
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Student loan companies are in turmoil and banks are tightening their standards and raising rates, making it harder for families to use multiple financing sources.
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A researcher pointed out that salary increases of corporate chief executives were almost exactly in line with the rise in market capitalization of large U.S.-based companies over time.
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Only people without jobs who are actively looking for work qualify as unemployed. It does not count people who are not looking for work, whether or not they would like to have a job.
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The Treasury Secretary sought Friday to assure the finance ministers and central bankers of the world’s wealthiest countries that the American economic picture could improve later this year.
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Companies have noticed a growing market for simple devices aimed at older customers.
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Barbara Smith, better known as B. Smith, has her smile imprinted on all sorts of things, from biscuits to shower curtains, and is always on the lookout for the next trend.
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Even as the West fears Chinese manufacturing, China fears Western brands and marketing.
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As airlines have been too financially squeezed to buy new airplanes, they are facing large repair bills and increased scrutiny for the old ones onto which they have held.
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Despite the many flight cancellations in recent days, the slowing economy, rising gas prices and the weak dollar, the number of air travelers is holding steady so far this year.
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The company’s board met Friday to evaluate Microsoft’s takeover bid and other alternatives, and authorized the continuation of meetings with Microsoft and with Time Warner.
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Phillip D. Hester is the third A.M.D. senior executive to depart in less than a year.
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House Democrats are questioning whether Merck and Schering-Plough made up information about a meeting of medical specialists to discuss Vytorin, after lawmakers began investigating a failed study of the drug.
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The company has agreed to pay $750,000 to those who sued it for making bogus health claims about a product that did not meet the legal definition of frozen yogurt.
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Buying a vacation home with friends or relatives can reduce individual costs and operating expenses as well as divide responsibilities, but there are a few things to consider.
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Catalist, a for-profit databank that sells voter information to progressive candidates, has raised eyebrows among campaign finance watchdogs.
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The United States and Australia are the only countries in the industrialized world that do not require employers to offer paid maternity leave.
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If a journalism class of the future is asked to identify low points in the vaunted history of CBS News, it might do well to examine the second week of April 2008.
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Wall Street stumbled Friday after a disappointing first-quarter report from General Electric surprised the market and stoked concern about both corporate profits and the wider economy.
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Despite declines on foreign markets, experts still advise to look into foreign investments as a way to hedge one’s bets against the bumpy days of the U.S. economy.
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American Airlines said it would cancel 200 MD-80 flights on Saturday as it tried to wrap up efforts to inspect and in some cases reattach wiring bundles in the wheel wells.
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Charities that benefit from the largess of Wall Street, law firms and corporations have begun defensive planning.
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First-quarter profit fell 5.8 percent at General Electric, which is seen as one of the most reliable earners. The Dow Jones industrial average lost more than 250 points.
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The Gripen, a multi-role combat aircraft, has become Saab’s flagship, with recent deals in Thailand, the Czech Republic, Hungary and South Africa.
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Since October, the country’s priests, quoting the Bible, have urged South Koreans to join in their effort to fight presumed corruption at Samsung.
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Teaming up with friends or relatives to buy a second home can prove a boon to the pocketbook and the relationship, but only if ground rules are established before the first check is written.
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House Democrats are questioning whether Merck and Schering-Plough made up information about a meeting of medical specialists to discuss Vytorin, after lawmakers began investigating a failed study of the drug.
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Americans’ confidence in the economy has withered in the last few weeks, falling to the lowest level since the recession of the early 1980s.
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Phil Hester is stepping down as the world’s No. 2 microprocessor maker tries to recover from a sales slump triggered by prolonged product delays and tougher competition.
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Frontier, the latest budget carrier to seek bankruptcy protection, said it will maintain its operations.
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A Texas judge rejected a request by a group of banks in a dispute over the buyout of Clear Channel to throw out a lawsuit against them and set a June 2 trial date.
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Paul Volcker says financial engineers have “produced unimaginable wealth for some, while repeatedly risking a cascading breakdown of the system as a whole.”
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A discussion in February about Katie Couric’s future as the anchor of the “CBS Evening News” threatened on Thursday to turn her into a virtual lame duck in the job.
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Navy recruits on the way to boot camp have joined thousands of other travelers stranded as American Airlines cancels flights.
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Senator John McCain called for the federal government to aid some homeowners in danger of losing their homes by helping them to refinance and get federally guaranteed 30-year mortgages.
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George Soros has always been a controversial figure. But he is becoming more so with a new, dire forecast for the world economy.
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The chemical maker said strong growth in its agriculture businesses and emerging markets should help offset weakness in U.S. housing and automotive markets.
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Stocks rose on Thursday for the first time in three days, helped by a decline in unemployment claims and better-than-expected sales performance by discount retailers.
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The Senate on Thursday moved to stabilize the battered housing market by approving a bill to provide tax breaks for home builders and other businesses.
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The unity exhibited Thursday by House Democrats in stalling a White House-sponsored trade pact with Colombia masks deep party divisions on the issue.
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A global team of financial regulators and ministers is calling for for more oversight by the world’s banks and investment institutions caught up in a global credit crisis.
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The British High Court ruled that prosecutors investigating accusations of corruption in a BAE arms deal with Saudi Arabia acted unlawfully when they dropped the inquiry.
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Since the fall, many marketers have been appealing to worried consumers by acknowledging that times are tough.
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World Business Briefing | Europe: Russia: Lukoil to Shed Stations
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The testimony, by the associate administrator for safety of the F.A.A., was the most explicit statement so far that the epidemic of aircraft groundings had genuine safety roots.
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STMicroelectronics and NXP will merge their wireless chip businesses into a $3 billion joint venture controlled by STMicroelectronics to challenge the market leaders
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Canada’s trade surplus rose 78 percent in February despite strength in the Canadian dollar.
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After months of nearly total silence, the chief executive of the EADSC has begun a counteroffensive against accusations of rampant insider trading.
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Posted: April 11th, 2008, 2:52am EDT
An aggrieved couple who sued their real estate agent lost their case in a Vista, Calif., court on Thursday.
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The gap between what Americans import and export unexpectedly widened in February as domestic demand rose for automobiles and fell back for crude oil.
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MySpace has signed a deal with a British-based production firm, ShineReveille International.
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The judge, setting aside Dan Rather individual claims, said, however, that Mr. Rather could continue to pursue his claim that CBS, as an entity, had breached its contract.
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With little money left after buying food and fuel, American shoppers handed most retailers their most dismal March in 13 years.
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Japan’s Takeda Pharmaceutical has agreed to pay $8.8 billion in cash for Millennium Pharmaceuticals, one of the earliest American genomics companies.
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Concerns about national security laws in the United States and sensitivities over Canada’s control of its Arctic lands blocked a takeover of Canada’s largest space equipment company.
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An area of shale and other rock in North Dakota and Montana is estimated to hold the largest potential oil resources in the 48 contiguous states.
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For the first time, Craig Ferguson, the CBS late-night host whose program follows David Letterman on weeknights, has won a ratings contest against NBC’s late-night star, Conan O’Brien.
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With more than 2,500 flight cancellations across the country this week, and more expected on Friday, air travelers should come to the airport prepared, travel specialists said.
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For the first time in over a decade, the dollar bought less than 7 yuan, a milestone that is just the latest sign of China’s growing economic power.
