NEW YORK (Reuters) - Stocks tumbled on Monday as investors worried rising mortgage defaults and credit market losses will drag on the economy, fueling fears that consumers will slash spending during the vital holiday season.
NEW YORK (Reuters) - Discounters, department stores and chains that sell electronics and teen fashions lured big crowds over the weekend as the holiday shopping season got off to a strong start.
LONDON (Reuters) - HSBC Holdings Plc, Europe's biggest bank, has stepped in to support its two structured investment vehicles -- Cullinan and Asscher -- with funding of up to $35 billion to prevent forced sales of assets.
NEW YORK (Reuters) - JPMorgan Chase & Co Inc plans to cut about 100 subprime mortgage jobs in California amid falling U.S. housing prices and tighter lending standards.
WASHINGTON (Reuters) - Economic globalization is increasingly being matched by greater antitrust enforcement as more nations scrutinize mergers and fight price-fixing.
LONDON (Reuters) - Stephen Schwarzman, founder of U.S. private equity firm Blackstone , defended on Monday his industry's often vilified role in the world, saying it built better companies and distributed wealth.
ATLANTA (Reuters) - Sears Holdings Corp has proposed buying furnishings retailer Restoration Hardware Inc for $6.75 per share, according to a regulatory filing on Monday.
LONDON (Reuters) - A consortium led by Richard Branson's Virgin Group expects to repay Northern Rock's emergency loans from the Bank of England within three years, it said after being picked as the bank's preferred rescuer.
NEW YORK (Reuters) - NetBank Inc , which became the largest U.S. bank to fail in 14 years when it filed for bankruptcy protection two months ago, said on Monday it expects to liquidate its assets.
OSSINING, New York (Reuters) - On a warm October morning, some three dozen executives gathered at General Electric Co.'s training campus north of New York for a weeklong program.
