Economy, Economic Crisis | featured news

An anemic ad market is expected to depress the Web portal's Q4 earnings.

The conventional wisdom about the adult entertainment business is that it is recession-proof.

India-owned Corus - Europe's second-largest steelmaker - is to axe 3,500 jobs worldwide, the BBC learns.

President Barack Obama's top economic adviser would not rule out on Sunday that more money may be needed to stabilize the financial system as a deep recession increases banks' losses.

Iceland's Minister of Business Affairs Bjorgvin Sigurdsson resigned Sunday, three months after the collapse of several of the country's leading banks and its stock market.

Investors this week will face a large batch of company report cards, in what is shaping up to be the worst quarter for corporate profits in a decade, CNNMoney reports. Investors will also digest reports on housing, consumer confidence and leading economic indicators.

League unsure about how deeply the U.S.'s financial woes will affect a sport that has been a benchmark for popularity and prosperity.

President Barack Obama painted a bleak economic picture of the country on Saturday, hours before he is to meet with his economic team.

The FDIC announced 1st Centennial Bank of California was closed by the California Department of Financial Institutions.

President Obama said today that efforts to pass a massive new economic stimulus package by mid-February are "on target," despite Republican lawmakers' objections to some elements of the plan.