financial times

Iceland could become the first "national bankruptcy" of the global financial crisis. The nation's currency has lost nearly half of its value and banks are collapsing under the heavy debt.

Tom Braithwaite, a reporter for the Financial Times, talks about Iceland's financial mess.

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European governments are scrambling to shore up their banks. The governments promised to work together to solve the financial crisis, but so far, they have acted separately.

Philip Coggan, a columnist for the Financial Times, talks with Ari Shapiro about the steps European officials are taking to reassure investors, and whether it is working.

Investors around the world are waiting to see how the U.S. financial turmoil will affect them. Lionel Barber, editor of the Financial Times, says watching the banks on Wall Street start to crumble was frightening to anybody in Tokyo, London and Frankfurt.

He says the question now is how will the markets react if Congress doesn't pass a rescue package by the end of the week.

Yahoo’s board reportedly set the stage for additional talks with Time Warner’s AOL unit for some kind of deal.

According to a relatively thin Financial Times report Yahoo’s board approved talks with Time Warner about the future of AOL.

Time Warner has been trying to unload AOL for what seems like an eternity.

Delta Air Lines and Northwest Airlines are close to announcing a merger agreement, according to reports in the Wall Street Journal and Financial Times Sunday.

Sovereign wealth funds worldwide grew 18% last year to $3.3 trillion, according to a research from City of London think-tank, the Financial Times reported Monday.

Apple may be finally getting a clue about music subscriptions. We can only hope that Apple gets on the subscription bandwagon.

Carlyle Group pledges to "stand by" investors in the firm's failed fund, the Financial Times reports.

Carlyle Group pledges to "stand by" investors in the firm's failed fund, the Financial Times reports.

Microsoft has denied that it plans to integrate Blu-ray high-definition DVD drives into its Xbox 360 game console.