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  • UK bails out banks as Europe acts
  • Britain bailed out three major banks with 37 billion pounds ($64 billion) on Monday, as European governments used taxpayers' cash to take control and boost confidence in the battered industry. In return for the British government's cash, which could ...
  • Most Asian markets rise in Monday trading
  • ... Hang Seng Index, which tumbled more than 7 percent Friday, opened over 2 percent but shed its gains to trade about 360.50 points higher, or 2.44 percent, at 15,157.37. In Australia, the S&P/ASX200 index was up 4 percent in response to a government ...
  • U.K. government to partially nationalize banks
  • LONDON - British banking stocks soared Wednesday after the government announced a 50 billion pound ($88 billion) plan to partly nationalize major banks and promised to guarantee a further 250 billion pounds ($438 billion) of bank loans to shore up ...
  • World markets dive despite government moves
  • LONDON - Stock markets across the world slumped on Wednesday as concerns about the worst financial crisis in nearly 80 years and fears of a global recession gripped investors despite government efforts to intervene. Meanwhile, the     United States ...
  • Government warns of higher winter heat costs
  • WASHINGTON - Although global oil prices have plummeted, the cost of heating your home this winter will be a lot more expensive, especially for households that depend on fuel oil, the Energy Department predicted Tuesday. Households that use fuel oil ...
 
    
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