Fed’s Rate Cut May Prompt Bank of Japan to Follow

The Bank of Japan may this week follow the Federal Reserve deeper into the zero interest-rate world, beating European counterparts to the punch and […]

EU clears France’s bank bailout plan

BRUSSELS, Belgium – EU regulators on Monday cleared France's multi-billion euro fund to shore up banks and ease lending, as they set out new […]

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, […]

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 […]

Mattel to cut 1,000 jobs worldwide

NEW YORK – Toy maker Mattel Inc. said Thursday it is cutting about 1,000 positions worldwide in response to the economic downturn.
The El Segundo, […]

Glazier workers strike over wages

Most of the area’s union glazier workers went on strike Saturday after they rejected a labor agreement offered by a group of local contractors. […]

Ottawa posts $1.7B deficit in August

OTTAWA–The federal government posted a $1.7-billion deficit in August – a signal that Ottawa may have difficulty balancing its books this year.
The monthly […]

Luxury goods expected to slow in 2009

The luxury goods market is expected to see slowing growth this year and a possible downturn in 2009 as the global crisis and weaker […]

South Korea's Won, Stocks Gain on $130 Billion Financial Rescue

South Korea's won and stocks rose after the government announced Asia's biggest financial rescue package to open access to overseas credit markets and allay […]

Cenovus new moniker for oil sands venture

Cenovus Energy Inc. is the name that EnCana Corp. is giving the oil sands and refining division it plans to spin off early next year, […]