A top investment officer at Pimco says it is unclear what the reasoning for the Federal Reserve’s surprise decision to buy up to $300 billion in Treasuries, according to Reuters.test
Bank of America Chairman and Chief Executive Officer Ken Lewis said his bank was profitable in the first two months of the year and called possible nationalization of the bank a “nightmare.”
Freddie Mac, the second largest mortgage finance company in the U.S., urged lenders to limit fees for borrowers so they could benefit from President Barack Obama’s housing stimulus plan.test
U.S. officials tried to reassure Chinese premier Wen Jiabao about his country’s investment $2 trillion investment in U.S. Treasuries after he expressed worries in the light of the current financial crisis.
Bernard Madoff and his wife’s net worth is between $823 million and $826 million according to a court filing
U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
Base salaries on Wall Street may double as a result of the public backlash over excessive bonuses, according to a report.
Global economic output is likely to fall between 1 and 2 percent in 2009, the World Bank President said on Wednesday.
The total number of billionaires in the world fell 30 percent in the past year to 793 people, according to Forbes.
Toyota Motor Corp. said on Wednesday that Toyota hybrid and Lexus brands in the US will top 1.7 million sales globally through January of this year.
The top U.S. and Chinese diplomats have their share of work cut out for them as they strive to reconcile differences between the two nations following the weekend naval confrontation.
On March 10, the total number of U.S. soldier deaths stood at 4,256 who died since the Iraq war began the same month six years ago according to an Associated Press count.
The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.
Iran's top military commander said the new U.S. administration was just as warmongering as its predecessor, but that the United States could not afford to attack Iran, an Iranian news agency reported on Tuesday.
China said on Tuesday that a U.S. Navy ship involved in a confrontation with its fleet off the southern island of Hainan had violated international and Chinese laws.
A United Nations investigator urged U.S. allies from Britain to Pakistan on Tuesday to fully investigate whether they helped in secret renditions that led to the illegal torture or disappearance of terror suspects.
NASA has approved a new mission for Discovery's STS-119 to the International Space Station after reviewing its potentially hazardous hydrogen flow control valve.
Iran said on Monday the United States was failing in Afghanistan and that a new approach was needed, four days after Washington said it would invite Tehran to an international conference to discuss its neighbor.
On Sunday officials said that approximately 12,000 U.S soldiers are expected to leave Iraq by September.
Resetting ties between the United States and Russia will take time, and the relationship needs more trust, predictability, and progress, U.S. Secretary of State Hillary Clinton said on Frida
Iran's investigation of Iranian-American freelance journalist Roxana Saberi has been completed and she will be freed soon, a official from the prosecutor's office said on Friday.
NATO foreign ministers agreed Thursday to resume high-level formal ties with Russia, suspended last year after Moscow's military thrust into Georgia.
