Fannie Mae's third-quarter loss more than doubled to $1.4 billion, the mortgage finance company said Friday, while forecasting industry troubles through 2008 because of mounting home loan delinquencies. ...more

November 10, 2007

The United States has regained its status as the world's most competitive economy thanks to strong innovation and excellent universities, according to a survey released Wednesday by the World Economic Forum. ...more

November 1, 2007

Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent. ...more

October 23, 2007

Finance ministers and central bankers should remain vigilant to ensure the smooth functioning of financial markets that have been jarred by a global credit crisis, the International Monetary Fund's policymaking committee said Saturday. ...more

October 21, 2007

Faced with soaring oil prices, a falling dollar and the worst credit crisis in nearly a decade, the masters of global finance have a simple message for jittery markets: Be calm, we are keeping an eye on things. ...more

October 21, 2007

The global economy should grow soundly this year and next, but the persistence of a credit crunch that has unnerved financial markets worldwide could throw a wrench in the works. ...more

October 18, 2007

LAKE PLACID — It's still an unsolved mystery, what happened that night in 1997 when a call came to the Highlands County Sheriff's Office. Lt. John Chess recalls, dimly because it was 10 years ago. His recollection and the murder files, he says, don't match author John Bowe's book, "Nobodies: Modern American Slave Labor and the Dark Side of the New Global Economy." (Hardcover, 336 pages. Price: $25.95) But Chess agrees with the premise of the book, that indentured servitude certainly does exist today, because he's a veteran police officer. "This has been going on for years," Chess said. ...more

September 30, 2007