News and Finance

Detroit — He doesn’t know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., […]

MONTREAL – The aerospace division of transportation manufacturer Bombardier Inc. has won another order for its in-development CSeries aircraft, this one worth about US$1.44 billion […]

Gordon Brown told U.S. lawmakers to “seize the moment” created by the credit crunch and election of President Barack Obama and reshape the global […]

As panic gripped the financial markets last fall, and big banks begged for bailouts, fear spread that America’s once free-lending bankers would turn into […]

Retail sales figures released Thursday revealed better than expected results for January.
The U.S. Commerce Department reported retail sales rose 1 percent last month, but fell […]

TOKYO–Toyota forecast its first annual net loss since 1950 yesterday as plunging demand for cars, especially in the U.S., and the strong yen pummelled […]

Chancellor Angela Merkel’s coalition agreed to spend an extra 50 billion euros ($66 billion) this year and next and backed a fund to guarantee […]

President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior […]

Kuwait’s cabinet may have defused a new row with parliament by bowing to calls to scrap a $17 billion deal with Dow Chemical but […]

As the U.S. stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark […]