Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9
Mexico's America Movil is set to start selling Apple Inc's iPhone in Brazil on Friday but does not expect to have enough of the hugely popular devices to meet demand, an executive
Microsoft Corp Chief Executive Steve Ballmer said on Thursday he still sees a "certain buoyancy" among technology and telecommunications customers worldwide, despite recent U.S. economic woes. "Our industry is not immune to
HSBC Holdings, Europe's biggest bank, said on Friday it was cutting 1,100 jobs in its global banking and markets operation, or 4 percent of the unit's total, as it weathers the global
The UK's top share index fell 1.8 percent early on Friday, led by financials, as the fate of a $700 billion U.S. rescue plan remained uncertain and after U.S. authorities closed Washington
European stocks fell sharply in early trade on Friday, with banks hit hard by persistent uncertainty about the U.S. government's $700 billion financial sector rescue plan and the collapse of Washington Mutual.
Asian stocks and the U.S. dollar fell while Treasuries rose on Friday after talks over a $700 billion plan to save the financial system hit problems and the biggest ever U.S. bank
Talks on a $700 billion rescue for the U.S. financial system fell into chaos on Thursday amid accusations Republican presidential candidate John McCain scuppered the deal, and U.S. authorities closed Washington Mutual
U.S. lawmakers neared agreement on a massive Wall Street bailout plan on Thursday with more protections for taxpayers, giving world stock prices a boost even as data showed the U.S. economy slowing.
President George W. Bush will press for agreement on a massive bailout of U.S. financial firms on Thursday in an emergency meeting with lawmakers, including the two men battling to succeed him.
