Business and Finance news

Japan’s parliament elected former Finance Minister Yoshihiko Noda as the new prime minister on Tuesday _ the country’s sixth leader in five years.
A fiscal conservative, Noda faces a host of daunting problems, including the post-tsunami recovery and nuclear crisis, and a sluggish economy and the yen’s surge, which hurts Japan’s exporters.
Noda, who was elected Monday […]

Travelers across the nation waited for flights to resume in and out of East Coast airports that were closed by Tropical Storm Irene this weekend.
Irene was downgraded from a hurricane Sunday as winds ebbed around the time that the storm pushed into New York, the nation’s busiest air-traffic region.
Federal officials said airports reopened around Washington, […]

TORONTO

With markets still going haywire and conflicting financial advice coming from all directions, it would be tempting to just stick your head in the sand and hope it all goes away.
Instead, say experts, there are a few basic steps to take that will help you keep your finances intact, not to mention your sanity. (And […]

Jamestown Mall’s owner has a 90-day reprieve to find a buyer or otherwise resolve its default on a more than $2 million loan.
Jamestown Mall’s New York-based owner, Jamestown Mall Realty Management LLC, filed for Chapter 11 bankruptcy Aug. 8 to halt foreclosure proceedings brought by its lender, MFC Real Estate LLC. MFC alleged the mall owner defaulted on a […]

Asian stocks gave up early gains and fell Monday as fears that the U.S. is slipping back into recession caused investors to dump riskier assets.
Brent crude fell to near $106 a barrel in Asia as Libyan rebels entered Tripoli, boosting hopes the OPEC nation’s oil exports could resume soon. The dollar was stronger against the […]

Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector.
However, a better than anticipated opening on Wall Street helped European markets recoup a large chunk of their earlier losses.
“This week has seen a continuation of […]

Discouraging economic data from around the globe have heightened fears that another recession is on the way.
Fresh evidence emerged Thursday that U.S. home sales and manufacturing are weakening. Signs also surfaced that European banks are increasingly burdened by the region’s debt crisis and sputtering economy.
The rising anxiety ignited a huge sell-off in stocks that led […]

Fitch Ratings said Tuesday that it would keep its rating on long-term U.S. debt at the highest grade, AAA, and said the outlook remained stable. But it warned that it could lower the outlook to negative if Congress failed to trim future deficits.
Fitch’s rating was the best given by the three major credit rating agencies. […]

Global stocks continued their rebound Monday on hopes that the recent sharp volatility in the markets has run its course following a run of stronger than anticipated economic data and after Google announced a $12.5 billion deal.
Though concerns remain over the state of the global economy and Europe’s debt crisis, many investors think the recent […]