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...

The British government has announced an $87.5 billion plan to partially nationalize its major banks in a bid to restore economic stability.

Oil prices fell to $89 a barrel Wednesday in Asia on investor concerns that the credit crisis that began in the U.S. will trigger a prolonged global economic slowdown...

Asian stock markets plunged Wednesday as recent steps by the world’s major economies to fortify credit markets failed to stem escalating fears that the spreading...

Google Inc., the leader in online search and advertising, is muscling in on video game territory _ though it won’t exactly be in the form of a shoot ‘em up...

Americans’ retirement plans have lost as much as $2 trillion in the past 15 months _ about 20 percent of their value _ Congress’ top budget analyst...

Gold prices kept rising Tuesday, approaching $900 an ounce after another day of turmoil in financial markets encouraged buying of safe-haven assets. Silver also rose.

The grip on the credit markets loosened just barely on Tuesday after the Federal Reserve said it would buy commercial paper, the unsecured short-term debt that...

Americans’ retirement plans have lost as much as $2 trillion in the past 15 months _ about 20 percent of their value _ Congress’ top budget analyst...

Online video leader YouTube has opened up its version of a home shopping network in its latest effort to wring more revenue from its massive audience and justify the...

AMD’S SPLIT: Advanced Micro Devices Inc. will now focus on designing chips and spin off a new venture focused on making them. Chip-making factories are massively...