Economy, Economic Crisis | featured news

President's advisers debate perilous choices to right economy, all of which may prove unpopular and even carry a significant risk of failure.

A man shot and killed his wife and five young children before taking his own life Tuesday, possibly out of despair from losing a job, the authorities said.

In a rare move, the president was meeting with the Republican conference in an effort to draw support for his $825 billion economic stimulus plan.

Americans’ mood about the economy darkened further in January, sending a widely watched barometer of consumer sentiment to a new low.

Iceland's president tries to establish an interim coalition, after the cabinet quit amid an escalating financial crisis.

The recession is killing jobs at an alarming pace, with more than 33,000 new layoffs announced Monday by some of the biggest names in American business - Pfizer, Caterpillar and Home Depot. More pink slips, pay freezes...

Japan plans to use public money to help the companies hardest hit by the financial crisis, while newly confirmed U.S. Treasury Secretary Timothy Geithner vowed to act swiftly to rescue the U.S. economy.

Siemens posted an 81% drop in first-quarter net profit compared with a year earlier when results were boosted by a multibillion euro gain from an asset sale.

Iceland’s prime minister says the island nation’s coalition government has collapsed amid a deepening financial crisis.

Home Depot is cutting 7,000 jobs and closing its 34 Expo Design Centers as the recession continues to batter the U.S. housing market.