Business Finance & Career

Federal regulators on Friday shut down Kansas bank Columbian Bank and Trust Company, which was struggling with losses on soured real estate loans.

Mold, maggots and piles of festering trash - no wonder home prices are in freefall.

Lehman Brothers' latest march toward the once-unthinkable price of $10 a share was interrupted when a Korean bank expressed interest Friday in the struggling brokerage firm.

The question now is whether CEO Dick Fuld is willing to reciprocate.

Oil prices tumbled more than $3 a barrel Friday, erasing part of the previous session's spike, as investors worried that a decline in demand will spread outside the United States.

Russia sees foreign investment fall as investors become more nervous following the recent conflict with Georgia.

Falling oil prices and rebounding bank shares helped fire up a stock market rally near midday Friday, as investors eyed a stronger dollar and speculation that Lehman Brothers could be a takeover candidate.

Travelers will be crowding onto buses and trains for this Labor Day weekend, the motorist group AAA said on Friday, while car and airplane travel is expected to decline.

US Federal Reserve chairman Ben Bernanke says the inflation outlook for the nation is "highly uncertain".

UK economic growth ground to a halt between April and June, official figures show, heightening fears of a recession.

Federal Reserve Chairman Ben Bernanke said Friday that the problems in the nation's financial markets persist and still threaten the economy.