Finance

Foreign central banks are considering a coordinated effort to buy U.S. currency to support its international trading value. Economists debate the plan's effectiveness.

On Sunday night, J.P. Morgan announced that it was buying Bear Stearns for $2 per share. But why is it selling for so little?

Analysts agree that J.P. Morgan Chairman and CEO Jamie Dimon is at the top of his game, keeping his company afloat while other institutions flounder.

Italy’s flag carrier is going for $184 million in a deal that is stirring up nationalist sentiment before the country’s April elections.

A recent study revealed that one-third of Americans aged 50 and older are unsure whether they will have enough money to retire.

The price of gold reached $1,000 an ounce on Thursday, and the Dow Jones Industrial Average dropped 200 points during morning trading.

The UAE has its currency pegged to the flagging U.S. dollar. But high inflation is forcing the Gulf nation to reconsider that arrangement.

Forbes lists Berkshire Hathaway CEO Warren Buffett as the wealthiest man alive, unseating Microsoft founder Bill Gates, who held the position for 13 years.

The sub-prime crisis has put 8.8 million homeowners in over their head. Americans haven’t been in this kind of debt since the Depression.

Rising oil and consumer prices are fueling fears that the United States is headed toward a combination of recession and high inflation. 

The Supreme Court ruled Wednesday that employees can sue employers who mismanage their 401(k) retirement plans. But some think the decision has loopholes.

A merger between Delta and Northwest airlines could mean fewer seats and deals and higher fares. The negotiations should conclude this week.

In its first nationalization of a company in three decades, the British government will take over a financially troubled mortgage lender.

News Corp. is reportedly in “secret” talks with Yahoo. The search engine has recently faced sluggish growth and a hostile takeover bid from Microsoft.

America’s credit woes appear to be widening despite a Wall Street surge spurred by separate efforts from the U.S. government and Warren Buffett.

History has shown that a flagging economy can be a serious obstacle for the party in power come election time.

U.S.-based airlines Delta and Northwest are negotiating a merger that would create the world’s largest airline.

European policy makers are unlikely to coordinate global economic remedies with the United States at the G7 meeting this weekend. Europe believes it can withstand a U.S. recession.

Microsoft publicly discloses its takeover bid for Yahoo, hoping that Yahoo's major stockholders will pressure its board to accept. The long-term plan is to compete more effectively with Google in online advertising.

A total of 14 investment banks, loan providers and developers are under FBI scrutiny in the latest government crackdown related to the sub-prime mortgage crisis.

Yahoo’s failure to take full advantage of search advertising has left the company prone to bearish markets.

World Economic Forum participants in Davos eye the U.S. economy warily and anticipate an increasing global role for developing countries. 

Société Générale, France’s second largest bank, has discovered that a single futures trader committed a “massive” fraud. The trader concealed the money using “sophisticated and varied techniques.”

GE announces a multimillion-dollar investment in a wind turbine project. Business analysts debate the long-term prospects for green-energy ventures.

On Jan. 15, Citigroup published its reports for the fourth quarter of 2007; it lost $9.2 billion in three months. CEO Vikram Pandit points to the sub-prime mortgage crisis as the main culprit.

It is not just uninformed borrowers with poor credit who are suffering from the sub-prime crisis; the country’s financial giants have lost billions. How did Wall Street’s mavens come unstuck?

A tiger economy and the host of this year’s Summer Games, China is on course for a historic twelve months. Beijing’s predicted economic and Olympic ascendancy may offer a lesson for America.

Oil prices reach $100 a barrel, raising questions about the sustainability of the economy and diminishing hydrocarbon supplies.

Congress authorizes a “patch” that reduces the number of people liable for the alternative minimum tax; the middle-class tax burden decreases, though only for a year.