business - "credit"

A spike in the unemployment rate - the biggest in more than two decades - raised new concerns Friday that a weak labor outlook, high oil prices and continuing woes in the housing and credit markets are leading the U.S. economy into a painful recession.

The chief executives at the wo

Consumers relied a lot less on

Hong Kong companies that reduce their carbon dioxide emissions in the city can now sell those cutbacks in a $12.9bn global carbon credit market created under the Kyoto protocol

The shares of Chesapeake Energ

OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A++ and issuer credit ratings of 'aa+' of The Manufacturers Life Insurance Company , John Hancock Life Insurance Company and their affiliates.

Several analysts said they were more optimistic on Moody's Corp. after the credit ratings agency's investor day, particularly following its settlement with New York's attorney general over its business practices.

It's been just over two years

Echoing comments he made on May 22, Fed Governor Randall Kroszner said the U.S. housing sector will recover gradually as an excess of home inventory is reduced.Speaking on 'Financial Market Developments and credit Conditions' in Boston, Kroszner did not address the economic outlook or interest rates. 'Rehabilitation in the mortgage securitizations markets, which have been particularly hard hit... Read More Now

It's time for savers' delight,