Consumers are too tapped out to lead the economy out of its troubles, according to a report on household credit released Wednesday.
Oil nears $120 in surge on weak dollar
Oil prices surged Thursday, rising to within a few cents of $120 a barrel, as a falling dollar and renewed concerns over the faltering economy...
GM offers 'employee discount' to consumers
General Motors Corp. announced Tuesday it is extending the benefits of its employee discount to customers on nearly all of its 2008 vehicles and some...
Yahoo knows where you are
The Internet company unveils Fire Eagle, a service that lets consumers broadcast their location to scores of Internet-based services. By Michael V....
German production stalls in June
Industrial output in Germany grew by just 0.2% in June, adding to fears the economy is on the brink of sliding into a recession.
Bank holds UK interest rate at 5%
The Bank of England keeps its key interest rate at 5% as it weighs up the slowing economy with inflation worries.
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