The social network taps a fresh source of funds for $100 million and will buy more servers to support its growth in users and applications
As the economy teeters between bad and worse, one question looms: What's the best course of action? Here's what can be done. And what can't
Credit turmoil spread to the heart of the U.S. financial system as Bear Stearns Cos., an 85-year-old institution that has survived the Depression and World War II, sought and received emergency funding backed by the federal government.
The U.S. is at the receiving end of a massive margin call: Across the economy, wary lenders are demanding that borrowers put up more collateral or sell assets to reduce debts.
Six weeks ago, Microsoft CEO Steve Ballmer sent shockwaves through the tech world when he offered more than $40 billion to buy Yahoo. And about six weeks from now, Yahoo's unwilling executives may have their last, best chance to wiggle free of Ballmer's grip.
With a $200 billion plan to ease the credit crunch, a 21st century economy is getting the 21st century monetary policy it requires
The US dollar has fallen to a record low against the Euro and an 8 year low against the Japanese Yen this past week
When big banks have multibillion-dollar holes on their balance sheets, they make harsh margin calls even to their healthier clients. Here's how one fund got crunched by the credit crisis.
While you can't talk a strong economy into a weak one, maybe we're making things worse by focusing on the negative news
The US has seen an economic slowdown across all regions since January, a US Federal Reserve report says.
How did the sub-prime crisis unfold?
The UK's largest bank HSBC is expected to unveil about $16bn (£8.1bn) of losses for 2007, but will still make an annual profit, reports suggest.
The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.
This isn't the first recession news in recent memory. On Nov. 26, 2001, the news media announced the United States was officially in a recession and had been since March of that year.
The fund-management industry has done very well—but mainly for itself, says Philip Coggan
NEW YORK (Reuters) - The alarm bells of U.S. recession rang louder on Friday as reports showed business activity in the U.S. Midwest plummeted in February and consumer sentiment slumped to a 16-year low.
NEW YORK (Reuters) - American International Group (AIG.N: Quote, Profile, Research), on the heels of reporting its largest-ever loss, said on Friday the subprime crisis had thrown it into "uncharted waters" that were likely to remain choppy through 2008.
US economic growth fell sharply in the last three months of 2007 as the credit crunch took effect and spending on new housing slumped, revised figures show.
Home foreclosures were up over 50% in January compared to one year ago as the houses crisis continues in the US.
Today, Federal Reserve Chairman Ben Bernanke said that he is starting to see signs of inflation on the horizon in the US economy.
The ECB and the Fed diverge over inflation. Hence the surging euro
The dollar dropped to a 3-year low against the yen on Friday amid renewed worries about the U.S. economy, rattling stock markets, bolstering bonds and helping drive up prices of safe-haven gold and oil to all-time highs.
On tap: January readings on new and existing home sales, home prices, personal spending and income, and durable goods orders
WASHINGTON (Reuters) - The U.S. economy expanded at a glacial pace in the fourth quarter and applications for jobless aid jumped last week, according to government data that raised fears of a looming recession.
Microsoft's (MSFT) latest investments (Facebook), acquisitions (aQuantive, Fast) and propositions for mergers (Yahoo!) inspired me to think about the role of management in public companies.
Latest Comments