General Motors is boosting its cash with $11 billion in new credit lines, a move that could mean the automaker is preparing to buy back its shares from the federal government dating back to the 2009 bailout.
Wall Street stock markets and Atlantic City casinos shut down, hundreds of flights were canceled, and numerous companies postponed earnings announcements. The short-term economic impacts of Hurricane Sandy were already evident by Monday evening, but the ultimate bill for the struggling nation's economy could take a while to add up.
Sprint dug a hole for itself when it bought Nextel in 2005 in one of the worst deals in telecom history. Now, a deep-pocketed friend from overseas could help the company climb out of its hole and reinvigorate its fight against AT&T and Verizon Wireless.
At first glance, it looked as if the elections might be a slam-dunk for Republicans this year, given the way presidents in recent history have fared in the face of poorly performing economies. But as the GOP is finding out, today's economy is a double-edged sword that is cutting both for and against President Obama.
Stocks fell on Friday after news that U.S. consumers spent more last month only because higher gas prices forced them to.
Presidential candidates of both parties like to score points with voters by promising to get tough with China, but recent evidence suggests that currency reforms quietly adopted by the Asian giant since 2005 have come close to eliminating the biggest trade distortion and bone of contention between the two countries.
Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected the negative outlooks of the bloc's key budget contributors.
After a disastrous year in which revolution, social upheaval and strikes scared away tourists and crippled industrial production, Tunisia's economy is slowly climbing out of a deep recession that saw it shrink by 2 percent in 2011.
The rating agency Standard & Poor's stunned the world a year ago by stripping the U.S. government of its prized AAA bond rating.
