The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a percentage point Wednesday to steady a...

Wall Street turned around early Wednesday, with stock index futures rising in response to emergency interest rate cuts by the Federal Reserve and other central banks....

The Federal Reserve has cut a key interest rate by half a percentage point, striving to steady the reeling financial markets just days after President Bush signed a...

The Bank of England has surprised the market by cutting its base lending rate by half a point to 4.5 percent.

Wall Street has turned around sharply with stock index futures shooting higher in response to an emergency half-point interest rate cut by the Federal Reserve.

The Federal Reserve has ordered an emergency interest rate cut of a half a percentage point to cope with the worst financial crisis since the 1929 stock market crash.

A prolonged recession and a tight credit market would cripple New Orleans’ still-fragile recovery from Hurricane Katrina, delaying or eliminating road work, new...

Wall Street looked set to plunge along with markets across the world on Wednesday as fears about the growing financial crisis and fears of a global recession continued...

European markets tumbled in early trading Wednesday amid ongoing fears about the state of credit markets despite the British government’s 50 billion pound ($87.5...

The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore...

The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore...

Investor concerns that the U.S. credit crisis was enveloping the globe and will hurt demand for crude drove oil prices down Wednesday.

U.S. Treasury Secretary Henry Paulson made a mistake by letting investment bank Lehman Brothers fail, France’s finance minister said Wednesday.

Shares of Toyota Motor Corp. plunged Wednesday following a major business daily report that Toyota’s operating profit would fall 40 percent this fiscal year...

Japan’s stock market plummeted 9.4 percent _ its biggest one-day drop in 21 years _ Wednesday as investors rushed for the exits on deepening fears over the global...

Oil prices fell below $87 a barrel Wednesday in Asia on investor concerns that the credit crisis that began in the U.S. will trigger a prolonged global economic...

A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

Volvo Cars says it plans to slash more than 3,000 jobs because of decreasing demand.

Russian news agencies say Moscow’s MICEX (MY’sex) stock exchange has been shut down until Friday after opening with steep losses.

Hong Kong’s de factor central bank said Wednesday it would slash its benchmark interest rate by 1 percentage point to 2.5 percent to encourage lending amid the...