Detroit layoffs threaten housing-market recovery

Just what the devastated Detroit housing market didn’t need: more plant closings, more layoffs.
The Motor City absorbed the news Monday that General Motors […]

S&P cuts UK outlook to negative

Ratings agency Standard & Poor’s lowered its outlook on Britain to negative on Thursday, citing government debt that would be hard to rein in […]

U.S. recession to end in H2 but unemployment to rise: survey

The U.S. economy is set to emerge from recession in the second half of this year as consumer spending and the housing sector recover, […]

Toys “R” Us puts value shops within U.S. stores

Toys “R” Us has rolled out shops in the front section of its U.S. stores, highlighting toys for $3 and under as it responds […]

Obama budget hopes meet bailout rage

President Obama’s economic A-team went to Capitol Hill on Tuesday to address questions about the administration’s ambitious budget request.
But they also ended up […]

Bernanke Urges ‘Strong Measures’ to Stabilize Banks

Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may […]

Pensions rethink commods plans in bearish world

Pension funds and other big investors in commodities are reassessing strategies for 2009 after their huge buildup in commodity index exposure this year backfired […]

Big shopping weekend was ho-ho-hum

The nation’s stores finally got some relief this Thanksgiving weekend, according to data released late Monday, but the sales gains were modest and analysts […]

Clean coal is no quick fix

Alberta and Saskatchewan are determined to clean up coal and pump carbon dioxide back into the ground, two achievements that would turn the world’s dirtiest […]

Next Treasury boss must be thrifty diplomat

President-elect Barack Obama’s Treasury secretary must be a regulator, diplomat, defender of the dollar and master of depleted coffers, all while figuring out how […]