News and Finance

Growth in U.S. services industries slowed less than economists forecast in May as a jump in new orders offset a decline in employment.
The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90 percent of the economy, fell to 51.7 from 52 in April; readings above 50 indicate expansion. […]

He was tied this year to one of the largest securities scandals in history and faces charges ranging from forgery to unauthorized computer use, yet the former trader at French bank Societe Generale is gainfully employed, again.
Jerome Kerviel, who shook global financial markets when the bank revealed $7.14 billion in losses tied what it […]

Financial leaders on Saturday urged the International Monetary Fund to sharpen its oversight of the global economy, which is burdened by surging food prices and a credit crisis that shows no end in sight.
As rich countries struggled to get a handle on financial turmoil that has rocked markets for nine months and worried the […]

NEW YORK — This, GM didn’t need.
Besides slumping U.S. sales and a strike that has shut down 30 of its factories, the automaker now may be on the financial hook to help its former subsidiary and largest parts supplier, Delphi.
Delphi’s lifeline to exit bankruptcy was stalled after a private equity fund […]

WASHINGTON — The aerospace and defense sector is bracing for a potential brain drain in the next decade as a generation of Cold War scientists and engineers hits retirement age and too few qualified young Americans seek to take their place.
The problem — last year, almost 60 percent of U.S. aerospace workers […]

Steep food and fuel prices that are taxing global consumers and handcuffing recession-wary central bankers threaten to seep deeper into export channels, triggering a worrisome second round of global inflation pain.
The symptoms of price pressure are easy to spot. In Japan, shoppers are cutting back on potato chips and beer. More Americans are […]

Business conditions for manufacturers in the state of New York worsened for the fourth straight month, according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey released Friday.
The regional Fed’s general business conditions index for New York manufacturers tumbled nearly 21 points to -11.7 in February, falling below zero for the […]