A government report suggested that the manufacturing sector has muddled through the downturn on the strength of military goods and exports.
Global markets dropped, oil fell below $90 and U.S. futures indexes were down as fears grew that the financial crisis was spreading. Discussion
The Federal Reserve said that it would begin paying interest on commercial banks reserves and would expand its loan program to squeezed banks by billions of dollars. Discussion
The bid by Lilly for the biotechnology company beat out an offer from Bristol-Myers Squibb, which markets ImClones cancer drug Erbitux in the United States along with ImClone ... Discussion
The move to cut about 1,000 jobs is an attempt by eBay to improve the performance of its core marketplace division, which has seen declining growth in the last few years. Discussion
The FTSE 100 index was down nearly 6 percent in early trading as fears grew that the financial crisis is spreading to the world economy. Discussion
Growing fears about the health of banks around the world and the prospects for a downturn in Asian exports pushed down stocks throughout the region. Discussion
American consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse before it gets better. Discussion
The directors of Eli Lilly and ImClone Systems have agreed in principle to Lillys acquisition of ImClone for about $6.1 billion. Discussion
A start-up company called Complete Genomics says it will start charging $5,000 next year to determine a persons complete genetic blueprint. Discussion
Many investors were still worried that banking difficulties might continue to spread. Discussion
