Fed’s Dudley says soft economy warrants low rates

A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal […]

Data point to slow economic rebound

The economy is having growing pains.
Discouraging new reports on unemployment and manufacturing Thursday reinforced worries that job losses and meager factory output […]

CIT board approves restructuring plan: source

CIT Group Inc’s board approved a restructuring plan on Thursday, clearing the way for the commercial lender to launch a large debt exchange offer […]

TSMC sees revenue growing from Q3: report

TSMC, the world’s largest contract chipmaker, expects revenue in the fourth quarter to grow compared to the current three-month period, local media reported on […]

Can we predict the next world crisis?

A year after the implosion of Lehman Brothers sent world markets into turmoil, the question of where the next global shock will come from […]

Geithner says less need for government in markets

U.S. Treasury Secretary Timothy Geithner said on Thursday a strengthening economy means the government can end some of the extraordinary support it put in […]

Charging for Web content no panacea for newspapers

Two generations of Murdochs have caused a wave of excitement in the battered newspaper industry in recent weeks with a series of comments and […]

Marvel jumps on acquisition by Disney

Shares of Marvel Entertainment soared more than 25 percent in premarket trade after Walt Disney Co announced it will acquire the company and its […]

Car dealers here brace for rush

Some St. Louis-area car dealers are thrilled by the boost in sales from the government’s "Cash for Clunkers" program.
Others said they’ll be […]

Schwab sued by NY’s Cuomo over auction-rate debt

Charles Schwab Corp was sued by New York Attorney General Andrew Cuomo, who accused the discount brokerage of fraudulently misleading investors about the safety […]