World Daily Press

Shares in the Fortress Investment Group plummeted 25 percent, to $1.87, after the firm said that it had temporarily suspended redemptions at its largest fund.

University officials have been told to expect a 30 percent drop in the endowment?s value because of the financial turmoil.

Executives of Lehman Brothers Holdings investment management unit won an auction to buy the business from the bankrupt securities firm.

Capital One Financial is planning to buy Chevy Chase Bank for about $520 million in a deal that will create a new midlevel player in the industry.

Financial institutions from Morgan Stanley to GE Capital are trying to beef up their deposit gathering.

New Mexico Gov. Bill Richardson became the first Hispanic selected by Barack Obama for nomination to his Cabinet Wednesday as ...

With sales of Saturn vehicles falling, General Motors said it was ?exploring alternatives? for the brand that was once considered a symbol of its future.

The Treasury?s efforts to jump-start the housing market led to a surge in mortgage refinancing activity, and officials are considering new ways to entice buyers.

With the economy sinking, corporate and individual owners of private jets are rushing to sell them, park them or fly less to ...

All options were on the table on Wednesday as congressional committees scrutinized automakers' restructuring plans ahead of make-or-break ...

The chairman of China?s sovereign wealth fund said that China had no plans for more investments in Western financial institutions, or any plans to ?save? the world through economic policies.

The Motorola/Kodak Motozine ZN5 is more of a proper digital camera than almost any phone before it.

The economic downturn took a turn for the worse after the market shocks in October, and in November the problems only became worse, according to the Fed?s ?beige book.?

As the Big Three Detroit automakers campaign for a federal bailout, General Motors is pleading with its anxious bankers and bondholders to lighten its debt burden.

Random House announced a sweeping reorganization aimed at trimming costs, while Simon & Schuster said it was cutting 35 jobs.

SINGAPORE (Reuters) - Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks.

Electricité de France has offered $4.5 billion for half of Constellation Energy?s nuclear power unit, a deal that could scuttle a takeover by Warren E. Buffett.

TOKYO (Reuters) - Japan may be in a deeper recession than first thought as businesses cut spending because of the worsening global recession, which will likely force central banks in Britain and Europe to slash interest rates later on Thursday.

As carmakers take steps to reduce inventories, an auto official has even raised the sensitive issue of potential layoffs.

The faltering economy could mean renewed interest in coupons as shoppers refocus on the cost of the products they buy ? that is, if they do actually buy anything these days.

Do you wish you could easily send videos or photos from your PC screen onto your living room TV? SlingCatcher, the latest hardware ...

WASHINGTON (Reuters) - Senate Majority leader Harry Reid wants to try to find a way to avert threatened bankruptcies in the U.S. auto industry with Detroit Three chief executives readying for a make-or-break hearing on Thursday on a $34 billion bailout request.

While many businesses struggle during the recession, a handful of U.S. and global companies from health care giant Abbott Laboratories ...

Whether or not General Motors receives emergency federal loans, it may have to sacrifice its iconic Saturn brand, which got ...

CHICAGO/WASHINGTON (Reuters) - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday.