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Business News

Leader hopeful on coordinated Euro crisis response
Sun, 12 Oct 2008 14:19:34 GMT
PARIS (AP) -- The president of the European Commission said he was very hopeful that a meeting of European leaders Sunday would take an important step toward a coordinated response to the global financial crisis....

Palin has mixed record as fiscal conservative
Sun, 12 Oct 2008 14:21:21 GMT
ANCHORAGE, Alaska (AP) -- Alaska Gov. Sarah Palin, the Republican nominee for vice president, bills herself as a fiscal conservative. But that can be a relative term when you're governor of a state gushing with oil money....

Developing countries feeling fallout from meltdown
Sun, 12 Oct 2008 12:43:07 GMT
WASHINGTON (AP) -- Searching for ways to tackle the unfolding economic crisis, global finance ministers are turning attention to the fallout in developing countries and poor nations....

Efforts on global warming chilled by economic woes
Sun, 12 Oct 2008 14:22:41 GMT
WASHINGTON (AP) -- The economic free fall gripping the nation may bring down one of the main environmental objectives: capping the greenhouse gases that are blamed for global warming....

Bailout managers may be buying own securities
Sun, 12 Oct 2008 14:28:01 GMT
WASHINGTON (AP) -- The government's plan to make sure private managers of a $700 billion bailout plan are free of conflicts of interest is weak, according to some critics, and allows too much room for abuse....

Analysts: GM would need cash to acquire Chrysler
Sun, 12 Oct 2008 09:14:01 GMT
DETROIT (AP) -- For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts....

Tax rebate, food stamp money possible in aid plan
Sun, 12 Oct 2008 09:12:45 GMT
WASHINGTON (AP) -- After consulting with Barack Obama, Democratic leaders are likely to call Congress back to work after the election in hopes of passing legislation that would include extended jobless benefits, money for food stamps and possibly a tax rebate, officials said Saturday....

Emirates officials say nation's banks are strong
Sun, 12 Oct 2008 11:01:43 GMT
DUBAI, United Arab Emirates (AP) -- Officials in the United Arab Emirates say the country's financial institutions remain healthy despite growing fears the global credit crisis will hurt the booming Gulf economy....

Bush visits finance officials, urges cooperation
Sun, 12 Oct 2008 00:23:05 GMT
WASHINGTON (AP) -- Global finance leaders are pledging cooperation between rich and poor nations to deal with a severe credit crisis after President Bush discussed the seriousness of the current situation....

All that money you've lost _ where did it go?
Sat, 11 Oct 2008 16:41:59 GMT
NEW YORK (AP) -- Trillions in stock market value - gone. Trillions in retirement savings - gone. A huge chunk of the money you paid for your house, the money you're saving for college, the money your boss needs to make payroll - gone, gone, gone....

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