Business and Finance news

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, […]

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 […]

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 […]

Ameren Missouri has what, at first, might seem like an unusual strategy for reducing sulfur dioxide pollution from its power plants: an agreement to buy millions more tons of coal.
Missouri’s largest electric utility on Thursday announced a contract with its downtown neighbor, Peabody Energy Corp., for 91 million tons of coal from Wyoming’s Powder River […]

President Barack Obama will summon top Republican and Democratic leaders to the White House this week for another round of talks on cutting government spending and raising the nation’s borrowing limit, a GOP congressional aide said.
Obama is expected to call for the talks during remarks from the White House late Tuesday afternoon, said the aide, […]

The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don’t see that changing much in the coming months.
The Commerce Department says the economy grew at a 1.9 percent annual rate in the January-March quarter. That’s not much better than the […]

Germany calmed fears that it wanted to force losses on Greece’s private creditors, agreeing on Friday with France that any private sector involvement should be voluntary as part of a new rescue plan European countries are preparing.
Chancellor Angela Merkel and French President Nicolas Sarkozy said they had reached common ground on the delicate topic of […]

European officials say the Group of Eight rich nations will offer about $20 billion in pledges and commitments for Arab countries that have thrown out autocrats and are struggling to build new democracies.
President Barack Obama and other G-8 leaders are debating how and how much to aid Egypt and Tunisia after uprisings there.
The leaders of […]

Swiss investor confidence dropped for the first time in three months in May as a worsening European debt crisis and an appreciating franc clouded the economic growth outlook.
An index of investor and analyst expectations that aim to predict economic developments six months in advance fell to minus 11.5 from 8.8 in April, the ZEW […]

Indonesia’s central bank will probably keep interest rates unchanged for a third consecutive meeting to support the economy, allowing gains in the rupiah to reduce inflationary pressures.
Bank Indonesia will keep its benchmark reference rate at 6.75 percent, according to all 10 economists surveyed by Bloomberg News. The central bank is due to release its […]