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  • New York Fed Considering Its Next Chief Monday, 12 Jan 2009 | 10:16 AM ET

    The board members of the Federal Reserve Bank of New York weighed who will become its next president over the weekend, interviewing candidates and meeting to discuss them, people briefed on the conversations said.

  • Private Equity Firms Are Near Deal to Buy IndyMac Monday, 29 Dec 2008 | 9:43 AM ET

    IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equity and hedge fund firms in a complex deal partly financed by the federal government, the New York Times reports.

  • S&P Ends Wild Week Higher Friday, 19 Dec 2008 | 6:10 PM ET

    The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.

  • Twelve Major Banks Downgraded by S&P Friday, 19 Dec 2008 | 2:51 PM ET

    Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.

  • Layoffs Continue to Grow—Is Your Firm on the List? Tuesday, 16 Dec 2008 | 6:01 PM ET
    Crowd of people on the street

    Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.

  • Layoffs Continue to Grow—Is Your Firm on the List? Friday, 12 Dec 2008 | 12:04 PM ET

    This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.

  • Where the Layoffs Are—Is Your Firm on the List? Tuesday, 9 Dec 2008 | 1:49 PM ET

    Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 8 Dec 2008 | 3:46 PM ET

    Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.

  • Where the Layoffs Are—Is Your Firm on the List? Thursday, 4 Dec 2008 | 9:32 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Tuesday, 2 Dec 2008 | 10:15 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 1 Dec 2008 | 11:28 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 28 Nov 2008 | 2:51 PM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Tuesday, 25 Nov 2008 | 2:44 PM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 24 Nov 2008 | 10:51 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 21 Nov 2008 | 9:53 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Thursday, 20 Nov 2008 | 3:22 PM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • The Doomsday Scenario For Automakers Wednesday, 19 Nov 2008 | 9:19 AM ET

    The bet is that some small amount of money will be given to the auto makers now, enough to serve as some type of bridge loan into early 2009. At that point the Democrats will have the political leverage to develop a broader rescue package in the first weeks of February.

  • What US Auto Makers Must Do to Become Viable Again Tuesday, 18 Nov 2008 | 1:42 PM ET

    If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations,  focusing on fewer models, shedding dealerships and making better cars, analysts say.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 17 Nov 2008 | 10:52 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 14 Nov 2008 | 4:10 PM ET

    Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.