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Regulators are asking whether Freddie Mac and Fannie Mae, which reported a $2.2 billion first-quarter loss on Tuesday, will soon need saving themselves.
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The job cuts came as the largest Swiss bank announced a first-quarter loss of about $10.9 billion.
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The telecommunications company said it earned $157 million in the first quarter, down from $240 million a year ago, on sharply higher tax expenses.
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Google played the odd dual role of unwitting matchmaker and self-interested spoiler in the failed marriage.
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Oil prices rose above $119 a barrel Thursday on fears that Tropical Storm Gustav could strengthen on its way toward crude and natural gas rigs in the Gulf of Mexico and refineries in the region.
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After six years of stumbling against the euro, the dollar may be showing signs of getting back on its feet.
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The cosmetics company reported third-quarter profit of $90.1 million, down 4 percent from the same period a year ago, as sales slowed amid a weakening retail environment.
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Jerry Yang said Yahoo was open to Microsoft all along but said he felt that the company he co-founded was simply worth more than what Microsoft put on the table.
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The maker of Molson Canadian and Coors Light beer said first-quarter net income was up sharply, helped by a lower tax rate and the weak dollar.
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The insurer has become the first American company to give shareholders a say on pay — a vote on top management’s compensation.
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The asset manager posted a fourth-quarter loss of $255.5 million as it took a big charge related to a bailout of funds exposed to risky securities and suffered outflows from its funds.
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The company said second-quarter earnings rose 11 percent on strong international demand from the energy sector and global sales of its network power and industrial automation systems.
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With both Ford and Hyundai as customers, Microsoft’s software could potentially be put into more than eight million vehicles worldwide each year.
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It was the latest in a series of rare but increasingly ambitious protests against government-backed industrial projects on environmental and health grounds.
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Part of the reason for my obsession with air travel is that I come from Wichita, Kan., the “air capital of the world.” Half the airplanes in the world were once made in my hometown.
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The nation’s largest homebuilder posted a second-quarter loss of $1.31 billion as a sustained housing slump forced it to take hefty charges to write down the value of its inventory.
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The Teamsters union denied that its decision was in any way tied to the senator’s statement that federal supervision of the union had run its course.
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Peter W. Olson, one of the most powerful figures in American book publishing, will step down amid mounting pressure over declining profits at Random House.
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Yahoo may look like the big loser. But here’s a lesson for Microsoft: When you make an unsolicited offer, be prepared to win.
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The deal, which could be worth more than $40 billion in its entirety, is the latest international foray by an Indian company.
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Southwest Airlines sees an opportunity for its own growth if United and US Airways merge and cut back flights to reduce costs.
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Service companies added jobs last month for the first time this year, activity slowed down at the nation’s service industries as inflation further squeezed businesses.
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Rental car companies have a brilliant, and perhaps a bit spooky, way to handle minor traffic ticket fines you might receive in one of their cars: put them on your bill.
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Posted: May 6th, 2008, 1:49am EDT
The F.D.A., which more than a year ago forced the closure of a G.E. surgical equipment plant in Salt Lake City because of quality problems, allowed it to re-open.
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As travelers demand free Internet access, and providers seek revenue, a compromise is emerging to offer both free and paid options.
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General Motors workers who build the Chevrolet Malibu, one of G.M.’s most popular and important new vehicles, went on strike Monday at a plant in Kansas.
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Though retail gas prices fell more than a cent over the weekend, the advance in oil prices increased the chances that prices at the pump would resume rising.
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Wall Street is buzzing that Bank of America’s offer for Countrywide Financial Corporation, the troubled mortgage giant, may be unraveling.
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Shares of the comic book publisher, soared on Monday after “Iron Man,” its first self-produced film, raked in more than $100 million in ticket sales over the weekend.
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The “I love New York” slogan is being updated to reflect everything from the new media choices consumers are making to higher gas prices and other travel expenses.
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Morgan Stanley, which has cut some 3,000 jobs since October. A further 5 percent reduction would affect roughly 2,000 jobs.
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The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.
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Building on their family fortunes, young titans are putting a new face on Vegas and catering to the 40-and-younger crowd.
