Energy prices have entered a new stratosphere and that’s going to make it much more costly to cool your home these days

Moody's Investors Service, a credit rating agency, said Tuesday it disciplined employees for considering improper factors when assigning ratings to complicated European debt products known as constant-proportion debt obligations.

The U.S. Justice Department said it asked a federal court in Miami for an order authorizing the Internal Revenue Service to request information from Zurich-based UBS about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes.

Investors took fright on Monday that UBS could face further losses and sent it stocks tumbling to a 10-year low after news the Swiss bank might sell off the heart of its U.S. wealth management business.

After watching its bigger rival McDonald's try to woo mothers and grab a share of the family budget, Burger King is launching a new marketing and promotional campaign targeted to moms.

Moody's Investors Service warned it is likely to cut its credit ratings on Morgan Stanley, saying the U.S. investment bank has made expensive trading mishaps and it's unclear if it can improve its risk management.

Anheuser-Busch laid out a plan to cut $1 billion in costs and improve earnings as it tries to convince investors that InBev's $46.3 billion offer for the largest U.S. brewer was too low.

As oil hit a staggering high of $142 a barrel, and stocks flirt with a bear market, CNBC visited the Chicago Mercantile Exchange to discuss the overall economic picture and the state of U.S. business.

The market for initial public offerings in the United States suffered its worst quarter since the third quarter of 2003, as canceled IPOs easily outpaced the number of new offerings, according to preliminary Thomson Reuters data.

Australia's Qantas Airways said on Friday it will hold talks with striking aircraft engineers on Monday to try to resolve a wage dispute which has disrupted flights around Australia.

Toyota Motor said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult.

Air France-KLM and three other airlines agreed to pay fines totaling $504 million to settle U.S. price-fixing charges involving vast shipments of consumer goods ranging from electronics to medicines, the Justice Department said Thursday.

Europe unveiled the A400M military aircraft on Thursday, giving the public a first glimpse of a powerful turboprop plane being built to supply seven NATO countries with urgently needed strategic airlift capacity.

Australian rural conglomerate Futuris said on Thursday chief executive Les Wozniczka had resigned, a day after the company slashed its fiscal 2008 profit forecast, helping its shares recover the previous day's heavy losses.

The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.