Google Chrome didn't even make it through 24 hours of downloads before stirring controversy. The search giant's new Web browser is in the privacy spotlight thanks to terms of service that give it rights some may not want to grant.
NEW YORK (Reuters) - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
WASHINGTON (Reuters) - An unexpectedly steep 84,000 U.S. jobs were lost in August and the unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote that the economy was near recession.
Will Spore be the biggest thing to hit the gaming world since Doom? Electronic Arts dearly hopes so. The long-awaited game by Sims creator Will Wright has so much hype surrounding it that anything less than a home run will be a disappointment, say game-industry watchers.
WASHINGTON - Construction spending took a bigger-than-expected tumble in July as housing activity dropped to the lowest level in seven years and nonresidential activity fell for the first time in seven months.
NEW YORK - Get ready for another hike in copays and deductibles. A survey being released Thursday by the Mercer consulting firm found 59 percent of companies intend to keep down rising health care costs in 2009 by raising workers' deductibles, copays or out-of-pocket spending limits.
WASHINGTON - The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
NEW YORK - Oil prices sank to a five-month low Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.
NEW YORK (Reuters) - The broader stock market ended its worst week since May with modest gains on Friday, as a rally in financial stocks helped the market reverse earlier steep losses after a government report showed further deterioration in the U.S. labor market.
WASHINGTON - Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.
TAMPA, Fla. - When Travis Watkins was asked a few years ago to devise a college engineering project that would help people with disabilities, the first person who came to mind was his father, who once cherished walks along the beach.
NEW YORK (Reuters) - Banks and businesses are still having trouble raising money, according to data on Thursday that reinforced the prospect that the year-long U.S. credit crisis will persist for the foreseeable future.
NEW YORK (Reuters) - The dominant U.S. service sector improved last month and businesses boosted productivity in the second quarter but evidence of labor market weakness overshadowed other data the day before a key jobs report.
NEW YORK (Reuters) - Department-store chain Mervyn's Holdings LLC has sued its former private-equity owners, saying the firms stripped out real estate then leased it back to Mervyn's at higher rates, pushing it into bankruptcy, according to court documents.
(Reuters) - Commodity market regulators are probing whether energy market players are injecting false crude oil supply data into the marketplace, the Wall Street Journal said.
NEW YORK - Stocks reversed a steep sell-off to end mostly higher Friday as fears about a worrisome jobs report gave way to bargain hunting in sectors like financials and consumer staples.
LONDON - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.
WASHINGTON - Comcast Corp. is appealing an FCC ruling that the company is improperly blocking customers' Web traffic, triggering a legal battle that could determine the extent of the government's authority to regulate the Internet.
NEW YORK (Reuters) - U.S. crude oil futures ended more than $1 lower on Thursday, despite government data showing a surprise drawdown in domestic crude stocks last week.
WASHINGTON - The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.