Stocks Sharply Higher as Oil Slidesmore similar news »
Wall Street posted big gains as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system.
Report Faults Credit-Rating Agenciesmore similar news »
The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages, federal regulators said.
Lender Reports ‘Elevated’ Withdrawalsmore similar news »
IndyMac Bancorp said that depositors were withdrawing cash at an “elevated” pace after Sen. Charles E. Schumer questioned the mortgage lender’s ability to survive the housing crisis.
Europeans Reconsider Biofuel Goalmore similar news »
European officials proposed scaling back drastically on their goal of increasing Europe’s use of biofuels, a major about-face on a central environmental and energy issue.
VMware Replaces Chief Executivemore similar news »
The business software maker warned that 2008 revenue growth will fall short of expectations and said it has replaced its chief executive, sending its shares tumbling 30 percent.
Siemens to Cut 4% of Work Forcemore similar news »
In a sign that the global economy is catching up with Germany, Siemens said that it would cut 16,750 jobs across its far-flung operations as it struggles to bolster profits.
Advice From Strangersmore similar news »
Word of mouse is the latest trend in online travel planning, and a variety of corporate travel companies are setting up networking sites in hopes of becoming the Facebook of corporate travel.