Wall Street's manic dealmaking reached a new pitch on Wednesday as U.S. share prices plummeted to three-year lows and forced increasingly desperate major banks to scramble for merger partners. With the financial
Asian stocks tumbled 3-7 percent on Thursday, with emergency actions by central banks and governments around the world failing to ease a financial crisis that has sent investors fleeing to government bonds.
U.S. stocks plunged at the open and government debt rallied in a renewed bid for safety on Wednesday as investors worried the U.S. government's rescue of insurer American International Group wouldn't be
Apple's iPhone 3G has won a public vote to find the year's best gadget, beating strong competition from three games consoles, a budget laptop and a balloon-shaped iPod speaker system. The latest
Shares of Wall Street firms Morgan Stanley and Goldman Sach plummented on Wednesday and the UK's biggest mortgage lender, HBOS Plc, looked set to be bought as signs of financial industry distress
Analysts are still waiting for the official measure of British retail sales to reflect the gloom and doom prevalent for months in business surveys. Data from the Office for National Statistics showed
Russian bourses halted stock and bond trading on Wednesday amid the worst falls since the country's 1998 financial collapse and the Finance Ministry pledged a total of $60 billion of funds to
Central banks struggled to restore confidence on financial markets for a third day running on Wednesday after the United States agreed to rescue insurance giant AIG, the latest casualty in a crisis
Construction starts on new U.S. homes plunged to a 17-1/2-year low during August as builders scaled back sharply to try to cope with the worst slump in U.S. housing since the Great
Greece said it would shut down ailing state carrier Olympic Airlines and relaunch it under a new structure, ending years of failed efforts to find a buyer, under a plan that received
