NEW YORK, Nov. 21 (UPI) — The average price at the gas pump nationwide fell below $2 per gallon Friday, a quiet retreat compared to the uproar caused by record high prices this summer.
Wal-Mart, the world’s largest retailer, surprised investors with the announcement that Lee Scott, chief executive since 1999, would retire in February as the retailer is flourishing amid the broad economic downturn
Canadian computer and telecommunication manufacturers are poised for a 22% drop in collective profits this year as a downshifting economy slows production growth and prompts price cuts, a new report said on Friday.
Citigroup Inc shares fell sharply again on Friday as the second-largest U.S. bank by assets mulled a variety of options to save itself, including a possible merger or asset sales.
Weekly sales at John Lewis’s flagship London stores lurched downwards once again as shoppers held off on making purchases in the hope prices will keep falling.
One of the world’s biggest banks edged closer to the brink of collapse amid fears it is about to be engulfed by a further wave of sub-prime losses.
Wal-Mart Stores says Mike Duke, vice chairman of its international division, will replace Lee Scott as president and chief executive when he retires from those positions in February.
Citigroup’s crisis deepened as its shares continued to slump in spite of a planned investment of about $250m by Prince Alwaleed Bin Talal, its largest individual investor
Scottish banking grandees Sir Peter Burt and Sir George Mathewson today formally withdrew their bid plans for HBOS.
The price of oil seesawed Friday, after falling below $50 a barrel in the previous session, as overseas stock markets showed some resilience and signs pointed to a higher open for Wall Street.