Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.
The Dow closed down 634 points, the S&P 500 lost 79 points, and the Nasdaq ended 174 points lower. For every stock that rose at the New York Stock Exchange, more than 69 fell.
Allstate reports $620 million loss due to string of natural catastrophes. Allstate manages to raise insurance rates in 18 states.
Bank of America and others plan to raze repossessed, vacant homes in some cities. Is demolition really an ethical solution?
Although the media baron has adopted a contrite tone in Britain, his flagship holdings in the US have so far taken different approaches to the Murdoch scandal.
Star striker Carlos Tevez's transfer from Manchester City to Corinthians in São Paulo, unthinkable 10 years ago, is now a real possibility thanks to the strong real and Brazilian teams' new business professionalism.
Credit cards in the US are being paid off in full more often this year, leading to healthy gains by the credit card companies.
Citigroup's net income rose 24 percent, as losses from bad loans fell 35 percent during the quarter. Consumer loans at Citigroup increased by 11 percent.
In the globally connected economy, financial pain in either Europe or the US has worldwide ripples.
Computer security survey found that more than half of all parents with infected computers had had their computer security violated more than once. A quarter of teens had visited adult sites, which often spread malicious software.