Who hasn't secretly wished he could pin the blame on his boss? Or slam office equipment against the pavement? ...more

April 1, 2009

You would think that poor people, those who can't afford to make a down payment, would be the first to lose their homes in a housing crisis. ...more

March 9, 2009

The Fed lowered the interest rate Tuesday, from 1 percent to between zero and 0.25 percent. ...more

December 18, 2008

The Federal Reserve and six major central banks worldwide cut interest rates Wednesday to prevent a financial crisis from becoming a global economic meltdown. The Fed cut its key rate from 2 percent to 1.5 percent. Bank of England cut its rate half a point to 4.5 percent. European Central Bank cut its rate by half a point to 3.75 percent. Central banks of China, Canada, Sweden and Switzerland also cut rates. ...more

October 9, 2008

Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief. ...more

September 30, 2008

Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis. ...more

September 30, 2008

Washington Mutual Inc., ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive of the nation's largest savings and loan on Monday, adding him to the growing list of banking bosses ousted by their boards. Its shares sank almost 22 percent. ...more

September 9, 2008

Eighty-nine bucks is hardly a pittance to pay for a meal for two, but in the world of prime steakhouses and market-price seafood restaurants, it may qualify as a "value meal." ...more

July 25, 2008

Eighty-nine bucks is hardly a pittance to pay for a meal for two, but in the world of prime steakhouses and market-price seafood houses, it may qualify as a "value meal." Faced with a tough economy, some fine-dining establishments around the Bay area have begun offering discounted fare, either through summer-long specials or dining clubs with price breaks. Fleming's Prime Steakhouse and Wine Bar has a $99 filet-and-lobster combo for two, while Brazilian steakhouse Boizao has created an E-Club offering Internet specials. ...more

July 24, 2008

Set rate increases keep risk low. ...more

July 15, 2008