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XML US Business NewsFresh data reinforce US economic gloompublished Wed, Nov 26 2008 09:38 GMT
The severe impact of the credit crunch on US households and business investment was sharply illustrated with the latest wave of data showing collapses in new home sales, consumer spending and orders for durable goods in October.
Fresh data reinforce gloom on US economypublished Wed, Nov 26 2008 08:37 GMT
US consumer spending and new orders for durable goods collapsed in October, according to government data, underscoring the severe effect of the credit crunch on households and business investment.
BCE warns buy-out in jeopardypublished Wed, Nov 26 2008 07:36 GMT
The telecoms group says its planned buy-out by a private equity group might not be able to proceed because KPMG has warned that the amount of debt involved could make the company insolvent
Gates 'to stay as US defence secretary'published Tue, Nov 25 2008 18:27 GMT
US defence secretary Robert Gates has agreed to stay on under President-elect Barack Obama and retired Marine Gen. James Jones will be named national security adviser, according to the Politico news website
Gates reported to stay as US defense secretarypublished Tue, Nov 25 2008 18:27 GMT
US Defense Secretary Robert Gates has agreed to stay on under President-elect Barack Obama and retired Marine Gen. James Jones will be named national security adviser, the Politico news Web site said
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