It's hard to find a spot in Russia without snow. "But Putin found such a spot and decided to hold the Winter Olympics there," says one Russian critic.» Read More
Russia has halted a plan to retaliate against a proposed U.S. missile defense shield by stationing its own missiles near Europe's borders, a Russian news agency quoted the military as saying on Wednesday.
1st paragraph of story should go here
Key banks and the EU presidency signaled financial and political backing Tuesday for a pipeline meant to reduce Europe's energy dependence on Russia and limit new gas shortages if Russian gas company Gazprom again decides to turn off the spigots.
Leading Russian oil companies pledged to help Cubapetroleo with prospecting, production, refining and other aspects of the oil industry under an agreement signed in Moscow on Friday before Cuban President Raul Castro's visit next week, Russian news agencies reported.
The new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony, Marc Faber, publisher of the Gloom, Doom and Boom Report, told CNBC.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
Stocks ended a topsy-turvy session higher as investors juggled a profit warning from Bank of America and some dismal economic news with optimism over the Obama stimulus plan.
Stocks were on their way back up again as investors shrugged of some disappointing economic data and kept an optimistic outlook about President-elect Obama's economic-stimulus plan.
Stocks pared their gains Tuesday after a reports showed pending-home sales and factory orders declined, while a measure of the service sector unexpectedly improved.
Stocks were poised to rebound slightly Tuesday, as investors waited for some more data on the broader economy due shortly after the start of trading.
There's lots of instability to be found around the globe. Find out why JJ Kinahan thinks it could be net positive for America.
It looks like the big story for 2009 is going to come out of Moscow. Already the Russians are making headlines.
Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.
The first half of next year will be very bad for the world economy, but investors will find value in stock markets as some deeply discounted shares will stage a rebound, Marc Faber, editor and publisher Gloom, Boom and Doom Report, told CNBC.
And that means a chance at big returns for investors, Cramer says.
Plus, Cramer explains the importance of the weak dollar.
With older Americans delaying their retirements, my generation is getting shut out of the workforce according to a gut-wrenching piece in this weekend's New York Times. There are fewer jobs to go around, and we've got the least experience.
Russian news agencies quote a senior economic official as saying that Russia faces at least two quarters of economic decline and is therefore in recession.
Oil markets should brace for a surprise decision on output cuts when OPEC meets Dec. 17, the cartel's president said Saturday, suggesting that reductions could be deeper than expected.
Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.