North America


  • Dollar Must Fall Further: Economic Bureau's Feldstein Friday, 11 Apr 2008 | 11:59 AM ET

    Intervention to prop up the U.S. dollar would be wrong because the greenback must depreciate further, Martin Feldstein, president of the U.S.-based National Bureau of Economic Research, was quoted as saying on Friday.

  • Bush Presses NATO on Ukraine, Georgia, Afghanistan Wednesday, 2 Apr 2008 | 12:28 PM ET
    George W. Bush

    U.S. President George W. Bush set the stage for a clash at his final NATO summit on Wednesday by pressing reluctant west European allies to set former Soviet republics Georgia and Ukraine on a path to membership.

  • Rebound by Financials Is Selling Opportunity:  Faber Wednesday, 2 Apr 2008 | 10:52 AM ET

    The rebound in financial stocks is a golden opportunity to sell, as earnings will not return to the values before the beginning of the credit crunch, editor of the 'Gloom, Doom and Boom' report and long-standing bear Marc Faber told CNBC Europe Wednesday.

  • Maui Close to Averaging $4 for Gas Friday, 14 Mar 2008 | 5:54 AM ET
    Gas Pump

    Maui is on the verge of becoming first area in the nation to average $4 for a gallon of regular. The average price in Wailuku reached $3.934 on Thursday, the highest price in AAA's Daily Fuel Gauge Report.

  • Toyota Expects Steady U.S. Demand, Worried About Yen Thursday, 13 Mar 2008 | 5:56 AM ET
    2007 Toyota Corolla

    The head of Toyota Motor said he expected steady demand in North America this year despite a slowing economy, and said the automaker may need to take steps to counter a surging yen.

  • Europe Raises Pressure on US to Halt Dollar Slide Tuesday, 4 Mar 2008 | 6:12 AM ET
    Dollars and Euro

    Worried euro zone policymakers pressured on Washington on Tuesday to do more to halt the dollar's decline, a day after the U.S. currency hit a record low against Europe's single currency.

  • Economy to Skirt Recession, but Growth to Crawl: NABE Monday, 25 Feb 2008 | 11:58 AM ET
    A foreclosed home for sale.

    The U.S. economy will likely avoid a recession but growth will slow to a crawl during the first half of this year, a panel of business economists forecast Monday.

  • Home Resales Hit 10-Year Low, Prices Keep Sliding Monday, 25 Feb 2008 | 11:28 AM ET
    Home prices continuing to drop.

    Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month.

  • Bargain Home Prices May Lure Buyers Back Soon Monday, 25 Feb 2008 | 11:21 AM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    The distressed U.S. housing market should get a lift this spring as bargain prices lure prospective buyers, but tighter lending will limit any rebound.

  • Alcatel-Lucent Shares Drop on '08 Outlook Friday, 8 Feb 2008 | 1:35 PM ET

    Shares in Alcatel-Lucent dropped in U.S. trading, after the company scrapped its 2007 dividend and predicted a loss for the current quarter.

  • Stocks Post Big Gains on Hopes for Rate Cut Monday, 28 Jan 2008 | 2:43 PM ET

    Stocks closed sharply higher as investors snapped up financial and homebuilder stocks on hopes that the Federal Reserve would keep cutting interest rates to prevent a recession.

  • Futures Point to Sharply Lower Open Tuesday Monday, 21 Jan 2008 | 4:31 PM ET

    U.S. stock index futures were sharply lower Monday, as fears of a U.S. recession grippedinvestors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday.

  • Stocks End Another Bad Week Friday, 18 Jan 2008 | 3:01 PM ET

    Stocks closed lower Friday, ending one of the market's worst weeks in years.

  • Vacancy rates at U.S. regional malls rose and rents fell during the fourth quarter due to concerns about consumer spending and a potential slowdown in the national economy, real estate research firm Reis said.

  • Logitech Shares Surge on Talk of Microsoft Bid Thursday, 10 Jan 2008 | 8:32 AM ET

    Shares in Swiss-based computer peripherals maker Logitech International gained up to 12 percent on Thursday amid speculation Microsoft would launch a takeover bid, traders said.

  • Holiday Cheer Sees Stocks End Higher Monday, 24 Dec 2007 | 1:45 PM ET

    Christmas Eve brought glad tidings to Wall Street, with holiday cheer emanating from the battered financial sector and spreading through the market.

  • Barclays Sues Bear Stearns Over Hedge Funds Thursday, 20 Dec 2007 | 3:23 AM ET

    Barclays Bank accused Bear Stearns on Wednesday of loading one of its hedge funds with about $500 million in troubled assets just weeks before it collapsed with another fund.

  • Stocks Close Mixed In Choppy Session Wednesday, 19 Dec 2007 | 3:00 PM ET

    Stocks closed mixed after another volatile day that featured lowered outlook for two key insurers, more jitters over credit and mixed results from an effort to shore up financials.

  • Stocks Close Higher On Bargain-Hunting Tuesday, 18 Dec 2007 | 3:59 PM ET

    Stocks rebounded to close higher, helped by bargain hunting in beaten-down shares of large technology companies and a partial recovery by financial stocks.

  • Munich Re to Buy Sterling Life for $352 Million Monday, 17 Dec 2007 | 4:05 AM ET

    Reinsurer Munich Re said Monday it reached a deal to buy U.S. healthcare insurer Sterling Life Insurance for $352 million (242.61 million euros) in cash, giving it more access to older Americans who want to buy health insurance.