Dell Inc., reporting lower quarterly earnings and revenue, said Thursday that the global economic slowdown has caused consumers and businesses to pull back on technology spending.
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.
With the prospects of an auto bailout this week all but dead, Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.
Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It's anybody guess when the selloff will end.
General Motors has a market capitalization of less than $2 billion. The stock, which now trades for a little under $3 a share, hit a 70-year low of $1.70 on Thursday morning before recovering a bit.
Mortgage rates fell for the third week in a row amid reports of record-high job losses, weak retail sales and a home-construction market in a deep slump.
The Federal Reserve announced Thursday that it will hold a two-day meeting in December to weigh its next move on interest rates and to make a fresh assessment of the economy.
The United Auto Workers union called on Congress and the Bush administration on Thursday to get a loan to U.S. automakers to prevent their collapse before the legislature adjourns Friday.
A key market for business lending has expanded for the fourth straight week, but the growth was only incremental, according to Federal Reserve data released Thursday.
After almost a year of testing and some recent early sightings, Google today is planning to launch SearchWiki, a way for searchers to edit their own search results. When you log into your Google account--and you need to have one...
GMAC Financial Services announced Thursday that it is seeking government assistance, trying to access the $700 billion set aside for banks that its parent General Motors has so far been denied.
U.S. stocks were poised to extend losses Thursday, as investors eye jobless claims at a 16-year high and as Saudi prince Alwaleed increases his stake in Citigroup.
Citigroup's largest individual shareholder, Saudi Prince Alwaleed Bin Talal, said Thursday he planned to increase his stake in Citigroup back to 5%, even as shares of the firm have plummeted in recent weeks.
I was thinking about the financial mess the other day and I came up with this theory. I'm wary of it because it's comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes:
Gasoline prices continued to spiral toward $2 a gallon, falling for the 64th day in a row, according to a national survey of gas station credit card swipes released Thursday.
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.
So you've discovered how to network on Facebook and LinkedIn and you've even been known to forward the occasional YouTube video to colleagues. Well, don't go congratulating yourself on how au courant you are just yet.
While U.S. merchants are a few weeks away from wrapping up a potentially disastrous 2008, experts say there is some relief on the horizon in 2009 for both stores and consumers - and it's coming from thousands of miles away in China.
Overseas stock markets fell sharply Thursday, taking a cue from Wall Street, as investors remained anxious about the grim outlook for the global economy and corporate profits.
Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.
One good thing that could come out of this economic downturn is an explosion of innovation in consumer electronics. There are signs that the electronics industry may be inching closer to breaking a new frontier and offering flexible consumer electronics.
I recently finished writing a story on Net censorship in Saudi Arabia, as part of a larger package on Cisco's ambitions in the world's emerging markets. Throughout the process, my editor Peter Elstrom and I struggled with how to explain...
Two years after jumping into the PC security software market, Microsoft is scaling back its ambitions there. The company said Nov. 18 it’s discontinuing its $50-a-year OneCare software in favor of a give-away program due next year called Morro. Not...
Oil prices turned lower Wednesday after a government report showed increased supplies of crude and gasoline, reinforcing concerns that demand for petroleum products was waning.
Auto industry executives were back on Capitol Hill Wednesday morning to ask for a federal bailout but they once again faced an uphill battle in winning the necessary support from Congress.
Stocks fell Wednesday as investors remained on edge about the fate of the nation's auto industry. A pair of dour economic reports added to the already gloomy sentiment.