Investors are having doubts about banks' profit reports and wondering whether their better-than-expected performance masks larger problems with bad debt.
About 1,600 white-collar workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts in order to qualify for more government aid.
Clear-plastic ballot boxes were nearly as empty as Port-au-Prince's unusually deserted streets Sunday as few voters turned out for Senate elections in which candidates from a major populist party were not allowed to run.
The gleaming shopping mall has everything you could ask for: brand-name outlets such as Timberland and Puma, a garishly colored food court and a courtyard with one of those nifty dancing water features.
Zimbabwe's central bank governor admitted Monday that he took hard currency from the bank accounts of private businesses and foreign aid groups without permission, saying he was trying to keep his country's cash-strapped ministries running.
It's easy to look around this proud, polyglot city and think that the favorite slogan of the new South Africa - a "Rainbow Nation" of races striving together for prosperity - is becoming a reality.
The number of people receiving jobless benefits exceeded 6 million for the first time, the government reported Thursday, and housing construction unexpectedly plunged to its second-lowest level on record — fresh evidence that the recession is far from over.
