Economic Crisis | featured news

Fred Goodwin, the former chief executive of ailing Royal Bank of Scotland, was criticized for keeping his $1 million pension despite a string of ill-timed acquisitions under his reign.

Striking French workers of an American manufacturing company looked likely to hold their boss hostage for a second night on Wednesday after locking him in for more than 24 hours, as nationwide anger mounted over layoffs.

Predictions have the major emerging markets—Brazil, Russia, India and China, a.k.a. the BRICs—overtaking the combined GDP of the G7 nations by 2027, nearly a decade sooner than the forecast in a landmark study a few years back.

New orders for long-lasting U.S. made goods rose in February for the first time in seven months and new home sales rebounded, government reports showed on Wednesday, suggesting the economic downturn might be easing a bit.

The current head of the European Union presidency on Wednesday warned that the U.S. economic rescue plans were, "a way to hell." However, his personal record in the field of economic leadership is very much up for debate.

A wave of indignation swept over France when it became known Tuesday that the head of a large auto parts company who was edged out because of poor results walked away with a severance package worth more than $4 million.

President Barack Obama said on Tuesday his administration was confronting the economic crisis on all fronts and seeing signs of progress as he sought to reassure recession-weary Americans about his recovery strategy.

A group of financial wizards looked into their crystal ball Tuesday and saw some good news.

There is life and work in parts of the economy, from health care workers to hard hats.

President Obama on Monday moved to fill three top jobs at the Treasury Department to help Secretary Tim Geithner manage the federal bureaucracy charged with helping the nation's struggling economy.