Economy, Economic Crisis | featured news

Finance chiefs from the G7 powers said on Friday the global economy may be pulling out of the depths of a recession although recovery was not yet assured, and they pledged to make certain big financial firms are sound.

The number of newly laid off U.S. workers filing claims for jobless benefits rose last week and sales of previously owned homes fell in March, data showed on Thursday, indicating the 16-month old recession was far from over.

Overseas aid and loans are one way Beijing is wielding its new role as a global financial leader.

A New York man who killed his wife, two daughters and himself in a Maryland hotel room may have had serious financial problems, police said.

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

The US carries a 'substantial' share of the blame for the economic crisis, says Treasury Secretary Timothy Geithner.

Frederick man who killed his wife, three children last week owed more than $450,000, police say.

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

Federal Reserve Chairman Ben Bernanke said Friday that financial innovation is good for the economy but must be accompanied by proper regulation.

Many gun enthusiasts believe President Barack Obama and the Democrats in Congress soon will reimpose a version of an expired federal ban on the sale of so-called assault weapons.