Investors expected fourth-quarter earnings would be bad, just not this bad. About half of companies' reports for the final three months of 2008 have fallen short of Wall Street's already lowered expectations - ...
Regulators have shut down 1st Centennial Bank in California, the third U.S. bank to fail this year.
If the global economy fails to recover in 2009, the housing bubble or credit crunch may not be to blame.
Citing "a reliable, local source," a Seattle financial brokerage is predicting further layoffs at Starbucks Corp.
Canadian pension plans suffered their worst year on record in 2008 as their assets dropped 15.9 per cent, according to securities custodian and consultancy RBC Dexia Investor Services.
Traders gather at the post that handles General Electric and Aflac on the floor of the New York Stock Exchange Thursday, Jan.
The dollar fell against most major currencies on Thursday as Wall Street tumbled amid weak economic data.
The government may view Bank of America and Citigroup as too big to fail, and dozens of other banks may soon find they have to get bigger.
Asian stocks fell Friday, with Japan's benchmark tumbling almost 4 percent, as grim news about major companies like Microsoft and Sony underscored the depth of the worst global slowdown in decades. European markets fell in early trade amid news the British economy had officially slid into recession.
Every major market in Asia retreated, giving up most of the gains from the previous session when investors shrugged off gloomy economic data about China and Japan and sent stocks higher.
The growing corporate woes _ which highlighted the beating some of the world's richest and best-managed companies were taking amid the global slump _ weighed on sentiment across Asia.
Sun Hung Kai Investment Services will refund as much as HK$85 million to investors who bought structured notes linked to collapsed US investment bank Lehman Brothers.
Recent Comments