World News Center
Citi plunges 26% - lowest in 15 years
November 21, 2008Citigroup Inc. suffered another brutal day on Thursday as shares tumbled to their lowest level in more than 15 years.
Billions failed to fix UK's car industry
November 21, 2008Some jobs were saved, for a while. But did the British taxpayer get value for money? It seems very doubtful.
Shoppers: Wait 'til next year
November 21, 2008While U.S. merchants are a few weeks away from wrapping up a potentially disastrous 2008, experts say there is some relief on the horizon in 2009 for both stores and consumers - and it's coming from thousands of miles away in China.
Iceland gets $4.6 billion bailout
November 21, 2008Nordic countries agreed to lend struggling Iceland $2.5 billion to help it recover from a series of crippling bank failures, bolstering a $2.1 billion aid package from the International Monetary Fund, their governments announced Thursday.
Dollar mixed amid jitters
November 21, 2008The dollar was mixed against major currencies Thursday as investors were jittery about the global economic slowdown and as the fate of the US auto industry bailout remained in limbo.
Global stocks fall sharply
November 21, 2008Overseas stock markets fell sharply Thursday, taking a cue from Wall Street, as investors remained anxious about the grim outlook for the global economy and corporate profits.
Italy approves Alitalia buyout
November 21, 2008Read full story for latest details.
Chinese automakers seek help
November 21, 2008Read full story for latest details.
U.S. opens food safety office in China
November 21, 2008The first foreign office of the U.S. FDA opened in Beijing after an influx of contaminated Chinese food and drug imports to the U.S.
Oil prices at near 22-month low
November 21, 2008Oil prices fell to a nearly 22-month low Wednesday after a government report showed a bigger-than-expected rise in crude inventories, reinforcing concerns that demand for petroleum products is waning.
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