Reuters

US Treasury Secretary Timothy Geithner defended the costly bailout of AIG and urged swift regulatory reform to safeguard the economy.

Reuters

US mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter.

Reuters

Wall Street's image, battered by the financial crisis, may take years to recover as its executives themselves are the first to acknowledge.

Reuters

The US government is having a tough time guesstimating how many small businesses failed, casting doubt on the reliability of vital data on the econony.

Reuters

AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs.

Cloud Peak Energy, a unit of Rio Tinto, priced shares in its initial public offering below expectations.

AAP

ANZ Banking Group Ltd will sell its custodian services business to US Banking giant JP Morgan as the Australian lender moves to focus on its core markets in the Asia Pacific.

Reuters

US regulators had "ample information" to trigger an extensive exam of convicted fraudster Bernard Madoff's investment firm, but continually gave it only a "medium risk" rating, a government watchdog said.

By CLANCY YEATES - BusinessDay.com.au

A senior Reserve Bank of Australia official has floated the idea of regulating the size of deposits home buyers must provide to banks.

AP

Dell Inc. said that its net income dropped 54 percent in the latest quarter.

By ELISABETH SEXTON - BusinessDay.com.au

James Packer has dared former business partner Jodee Rich and the special purpose liquidator of One.Tel to proceed with threatened damages suits against Consolidated Press Holdings.

By MATHEW MURPHY - BusinessDay.com.au

It has been dubbed Western Australia's own stimulus package, but the value of most contracts awarded so far in the $43 billion Gorgon liquefied natural gas project will either head overseas or cannot be guaranteed to include Australian content and local jobs.

Reuters

A buoyant stock market and a still-robust economy have nearly doubled the number of billionaires in India, according to the Forbes' Rich List.

By ERIC JOHNSTON - BusinessDay.com.au

Australian banks face having the credit ratings of A$24 billion in hybrid securities slashed as regulators around the world take a tougher view of the securities.

By JULIAN LEE - SMH

Newspaper publishers have given the first indication of how they plan to charge people for reading news online with one of the world's best-known newspapers,The Times of London, to offer an ''all-you-can-eat'' package to readers.

Reuters

Executives at the Reuters Global Finance Summit rallied to the defense of the industry's resurgent bonus practices, arguing that there was no clear link between generous compensation and last year's market meltdown.

AAP

The average weekly wage in Australia is now $1,200.60, ($NZ1517) after rising by 5.2 percent in the year to August.

AAP

Australian regulators have allowed a Chinese state-owned company to take up to a A$40 million stake in a South Australian magnetite joint venture.

Reuters

BHP Billiton halted all operations at its Spence copper mine in Chile after striking workers invaded the installations, a company official said on Wednesday, the 37th day of the strike.

Reuters

Emissions trading stands at a crossroads -- a future as a US$2 trillion market if the United States bolsters it, or as a modest sideline to energy and commodities trade.