U.S. President-elect Barack Obama will call for quick action on a fiscal stimulus package in a speech on Thursday aimed at reassuring Americans that he is determined to stem the economic crisis.
Asian stocks and emerging market currencies fell on Thursday, after dire U.S. private employment data and fears about corporate earnings cooled investor willingness to take risks for higher returns. Major European stocks
Soaring unemployment has caused more Americans to fall behind on loan payments than at any time since 1980, and delinquencies are likely to head higher, the American Bankers Association said on Wednesday.
European shares declined about 1 percent by mid-morning Wednesday after rising the previous six sessions, with British oil major BP leading the energy sector down and banking shares coming under renewed pressure.
New car sales in Britain fell by more than a fifth year-on-year in December to cap the worst year for the industry in more than a decade, trade figures showed on Wednesday.
Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month.
Britain's top share index was down 1.3 percent early on Wednesday after gaining for six straight sessions, led by miners and banks, but Marks & Spencer rose on relief that its poor
Apple Inc said on Tuesday it was dropping copy protection from songs sold on the Internet and debuted its slimmest 17-inch laptop yet, but with no dramatic products or master pitchman Steve
The age of the desktop PC appears to be over as its more portable cousin, the laptop, surges ahead with consumers clamoring for light-weight computers in funky designs for use at home,
Motorola Inc unveiled a cell phone made of recycled water bottles on Tuesday, hoping to cash in on the trend for environmentally friendly products. The company, which dropped to No. 4 in
