Economy, Economic Crisis | featured news

Venture-capital investment dropped 30% in the fourth quarter to its lowest level since 2005.

Consumer prices fell by a slightly smaller-than-expected margin in December, according to government data on Friday that showed a sagging economy was exerting downward pressure on prices and raising the specter of deflation.

A divided Senate has approved President-elect Barack Obama's request for $350 billion in unspent financial bailout funds.

Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported on Wednesday, citing people familiar with the company’s plans.

Democratic leaders in the U.S. House of Representatives will push for quick passage of a $825 billion economic stimulus bill being unveiled on Thursday.

With the recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet sales, which are growing even as the economy shudders.