Economic Crisis | featured news

Financial chiefs to begin focusing on how to wind down massive fiscal, monetary actions worldwide.

The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

That's the American Recovery and Reinvestment Act. Current economic indicators suggest that our economic crisis will hit bottom soon and that the U.S. will be poised for economic recovery. There are many signs pointing to an economy that shows significant signs of improvement.

The former chief, Angelo R. Mozilo, is the highest-profile person to face charges in the wake of the financial crisis.

The economy’s decline in the quarter was not quite as bad as the government originally believed, kindling hope that the economy could resume growing by the end of 2009.

Harlequin Enterprises Ltd., a global giant in women’s fiction, reported fourth-quarter earnings up 32 percent over the same period a year earlier, with U.S. retail sales up 9 percent in 2008.

Japan's economy recorded its steepest contraction on record in the first quarter, sliding 4%.

Congress party defies expectations to secure second term in power as country battles economic woes.

Get ready for a stronger, more independent China.

The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased.