With the hot toy of 2009 likely being anything that carries a modest price tag, the two biggest U.S. toy companies, Mattel Inc and Hasbro Inc, are reassessing their lineups.
On Friday Brazil's stocks rose as a rally in oil prices boosted commodity stocks, while the national currency also firmed as hopes for an imminent U.S. stimulus package raised investors' appetite for risk.
Beverly Eckert, one of the victims aboard the Continental Express flight 3407 which crashed Thursday night, was also the widow of Sean Rooney who died in the September 11 attacks in 2001.
Beverly Eckert, who was among the 50 people killed when a commuter plane crashed outside Buffalo, N.Y. Eckert, was an inspiration to President Barack Obama.
With the U.S. economic stimulus package of $790 billion is set to be approved by Congress, concerns are growing at the Energy Department on how the agency will manage the quick expenditure of about $40 billion included in the package for renewable energy projects meant to boost employment.
New Hampshire Republican Sen. Judd Gregg withdrew his name for consideration as President Barack Obama's nominee for Commerce of Secretary stating irresolvable conflicts related to the stimulus package and the Census.
President Obama urged Congress to pass the economic stimulus package before the end of the holiday weekend so he could sign it into law in an effort to help the nation emerge from a recession.
U.S Treasury Secretary Timothy Geithner will attend a gathering of finance ministers from seven industrialized nations in Rome tomorrow to urge fellow ministers to take exceptional measure to address challenges facing the financial sector.
Economists and other finance experts say some U.S. banks are insolvent, adding that government may need to take a bigger role allow banks to resume the lending needed to improve the economy, according to a report from the New York Times.
Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.
Prominent oil industry executives said that demand for energy in the long term will rise and urged investors to invest money into the industry.
Rep. Barney Frank, the head of the House Financial Services Committee, said Thursday the Obama administration is more trustworthy than the Bush administration to ensure that banks do not misuse money bank bailout funds.
President Obama signed the DTV Delay Act into law Wednesday night, postponing the transition to digital TV until June 12 and putting wireless companies' plans to use their 700 MHZ spectrum assets on hold.
Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.
At the close of Thursday's trading, European shares closed at 1.5 percent lower with banks hit by doubts about the U.S. government plan to boost the financial system.
Pakistan publicly acknowledged for the first time Thursday that last year's attack on Mumbai was largely planned on its soil and that it had arrested most of the key plotters.
On Tuesday lntel revealed more details regarding its 32nm process technology that will allow the company to build high-performance and, from some point of view, revolutionary processors.
U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.
As the U.S. prepares to sell more than $2 trillion in debt this year, the Federal Reserve Bank of New York is holding talks with several firms which would help underwrite government debt instruments for sale in auctions, according to a report.
Saudi Arabia Oil Minister Ali al-Naimi warned on Tuesday that a too quick promotion of investments in alternative energies could chill investments in the oil sector and create a nightmare scenario.
Starbucks Corp is implementing is cost cutting plans by closing underperforming stores and laying off staff.
On Wednesday, London stocks closed slightly higher than expected despite the doubts and skepticism of worldwide investors of the viability of the U.S. governments' latest rescue plan for the struggling financial industry.
