Economy, Economic Crisis | featured news

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.

Oil prices rise to their highest in six months, buoyed by hopes that the worst may be over for the world economy.

The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.

Investors booked gains on last week’s rally and turned cautious about claims that the global economy is past the worst and ready to recover.

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.

The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.