Economy

WSJ reports the nation's largest corporate pensions had record losses in October and won't meet federal-funding requirements without a massive infusion of cash, improved asset values or a change in law.

Reuters.com reports world leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years and agreed to give emerging nations more say in running financial affairs.

WSJ reports all around Washington, policy makers are scrambling to figure out how to get banks lending again. Lawmakers have criticized banks for not using new federal money to make loans and have threatened to place conditions on additional money. Regula

Congressional leaders said they were ready to push for emergency assistance in a lame-duck session, setting up one last showdown.

Did you know there are three ways you can profit from foreclosures? Read about each. Includes tips and caveats.

House Speaker Nancy Pelosi called for "emergency and limited financial assistance" for the battered auto industry on Tuesday and urged the outgoing Bush administration to join lawmakers in reaching a quick compromise. News, Headlines and Latest Stories on

A rapidly deteriorating situation in the U.S. auto industry may serve as the backdrop for a classic contest of political wills between the outgoing Bush administration on one hand and both President-elect Obama and the newly strengthened Democratic congre

Circuit City Stores Inc., the No. 2 electronics seller, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn.

Bloomberg.com reports U.S. automakers, burning through cash because of tumbling sales, are moving closer to a federal aid package to prevent them from collapsing as politicians rally behind the idea of a bailout.

Negative equity is playing a critical role in the reduction of job mobility and emergency funds for homeowners. This phenomenon is estimated to effect more than 7 million homeowners.