Bank of New York Mellon to ax 1,800 jobs
The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy.
Stocks seesaw after steep sell-off
Wall Street sagged again Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined.
Bush to promote action plan to deal with crisis
Struggling to get ahead of a global financial crisis, the president hopes to win more converts at a summit in Peru for a plan aimed at showing governments have the will and means to halt the turmoil.
Deflation poses new economic threat
Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral called deflation. Here's what's at stake.
Mukasey doing better after collapse
The Attorney General was feeling better Friday after collapsing during a speech, a spokeswoman said, reporting hospital medical tests showed no signs of a stroke or cardiac-related problem.
Leftist Sandinistas win Nicaragua vote
Nicaragua's ruling Sandinista party won the large majority of municipal races, including the capital Managua, in local elections that have sparked violent clashes and allegations of fraud.
GM plans more cuts, eyes up to 10 factories
General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.
Phone workers peek at Obama's cell records
Verizon employees snuck a peek at President-elect Barack Obama's old cell phone records and will be reprimanded accordingly, the company said late Thursday.
Myanmar sends comedian, monk to prison
Courts in military-ruled Myanmar on Friday handed long prison sentences to a prominent monk and a popular comedian active in the country's pro-democracy movement.
Citigroup eyeing options, including a merger
Citigroup Inc shares fell sharply again on Friday as the second-largest U.S. bank by assets mulled a variety of options to save itself, including a possible merger or asset sales.
