EDF offers $6.5 billion for Constellation assets

EDF (EDF.PA: Quote, Profile, Research, Stock Buzz) unveiled a $6.5 billion deal to buy 50 percent of Constellation Energy Group’s (CEG.N: Quote, Profile, Research, […]

Bernanke Says U.S. Must Step Up Foreclosure Efforts

Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable […]

Russian Service Industries PMI Plunges to Record Low

Russian service industries ranging from banking and telecommunications to supermarkets shrank in November by the most on record as the global financial crisis deepened. […]

Global Industry Shrinks as Crisis Enters 17th Month

Manufacturing shrank around the world as the financial crisis enters its 17th month, providing fresh evidence that the global economy is in recession and […]