Corporation News

Ukraine says Russia has stopped natural gas supplies to Europe via Ukraine, as the two countries’ energy dispute worsens.

The US aluminium maker Alcoa has said it is cutting 13,500 jobs, or 13% of its workforce, due to the global economic slowdown.

While it may be hard to feel sympathy for America’s millionaires, they’re feeling the economic crunch, too - nearly a third of their assets have disappeared in the downturn, according to a consulting firm’s report released Tuesday.

The US recession is likely to drag on well into 2009, according to forecasts from the US Federal Reserve.

Question: I’ve lost money in my 401(k) and I’m not interested in losing any more. So I’m thinking of moving my money into more secure investments. I know I can always change my allocations later, but what’s the best way to keep my 401(k) stable until this roller coaster ride is over? –Michelle, Moravian Falls, North Carolina

Treasury prices churned Tuesday as investors weighed a tremendous amount of new debt coming to market with continued concerns about an economy mired in recession.

You’re sniffling and wheezing your way through another winter. A run of bad luck with germs? Sure, but it also may be the result of something more insidious: toxins.

I could not have bought my first house long ago without borrowing the down payment from Mom and Dad. Their loan got me started down the home-equity path, and it’s paid dividends ever since.

Several EU countries report major disruption to their gas supplies from Russia as Moscow accuses Ukraine of shutting pipelines.

German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.