Natural gas shortages slam many European nationsThe Russia-Ukraine natural gas dispute hit Europe with the force of a winter storm Tuesday, cutting or limiting supplies to at least a dozen nations.
Fed: Economic woes will last despite radical movesEven as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feare
Stocks up moderately after Federal Reserve minutesWall Street advanced moderately Tuesday, as fresh details from the Federal Reserve on its efforts to combat the recession helped offset disappointing economic reports.
Skilling convictions upheld, resentencing orderedAn appeals court has upheld former Enron Corp. CEO Jeff Skilling's convictions for his role in the energy giant's collapse but orders that he be resentenced.
Oil gives up early gains on more bad economic newsOil prices gave up early gains Tuesday as fresh signs of a deepening U.S. recession trumped tensions in the Middle East and worries over natural gas shortages in Europe.
Natural gas shortages slam some European nationsA natural gas crisis loomed over Europe on Tuesday, as a contract dispute between Russia and Ukraine shut off Russian gas supplies to six countries and reduced gas deliveries to several others.
World stocks rally on some rare corporate cheerWorld stock markets rose strongly Tuesday ahead of expected gains on Wall Street and amid some relatively positive corporate news, particularly from the struggling British retailing sector.
South Korea announces 'Green New Deal' for jobsSouth Korea said Tuesday it will invest 50 trillion won ($38.1 billion) over the next four years on environmental projects in a "Green New Deal" to spur slumping economic growth and create nearly a
Airlines fly into new year with wave of fare salesA wave of fare sales has spread across the airline industry in the early days of the new year as the weak economy continues to put pressure on carriers to fill seats even after they drastically red
Legal fight in Dow-Kuwaiti deal loomsDow Chemical will pursue legal action against a state-owned Kuwaiti company that scuttled a $17.4 billion joint venture just days before the deal was to close, and said Tuesday that talks for a sim
Judge tosses suit challenging tobacco settlementA federal judge has dismissed a challenge to the 1998 Master Settlement Agreement between the states and 19 tobacco product makers saying there's no legal basis for attacking the compact.
Factory orders drop more than expected in Nov.Orders to factories fell for a record fourth straight month in November, reflecting the intensifying effects of the country's steep recession.
Pending home sales plunge to record low in Nov.The National Association of Realtors says pending home sales fell to the lowest level on record in November, as the plummeting stock market and faltering economy caused buyers to put their purchase
Stocks rise moderately ahead of dataInvestors waded back into the market Tuesday, sending stocks moderately higher ahead of a fresh round of readings on the service sector, factory orders and pending home sales.
Man shot by his stepdad ends up in jail with himA man who police said was shot by his stepfather ended up in the same jail with him after officers discovered outstanding arrest warrants against the victim.
Father-son duo accused of gravestone robbingPolice are puzzling over what would motivate a father and son to haul off six tombstones from a monument company in suburban Albany. Town of Colonie Detective Lt.
