It was hardly the new-car launch Ratan Tata might have hoped for. About six months overdue, the $2,000 Nano won’t actually be delivered until July. The plants where the five-seater was to be built are …

Timothy Geithner took the wraps off a long-awaited key component of the Obama administration’s bank rescue plan Monday, detailing a public-private partnership to buy up the so-called toxic assets that are polluting bank balance sheets.
Recall …

Nokia is cutting another 1,700 jobs around the world, including an undisclosed number in the UK, as it slims down to cope with a fall in demand for mobile phones.
The handset group plans to shed …

WASHINGTON (MarketWatch) – A key lawmaker on Tuesday said he wants a briefing from the Federal Reserve System on $163 million in bonuses that were paid out by American International Group Inc., a troubled insurer …

Microsoft Corp. founder Bill Gates endured a disaster that I’m sure most people would love to experience for themselves: His net worth dived to $40 billion from $58 billion a year earlier.
This year the world’s …

Madoff, 70, will admit he directed a fraud that prosecutors alleged began in the 1980s. By last November, Madoff told 4,800 investors their accounts held $64.8 billion, according to court papers filed in Manhattan federal …

The jobless rate rose to 8.1 percent in February as employers reduced payrolls by 651,000, the Labor Department said yesterday in Washington. Losses have now exceeded 600,000 for three straight months, the first time that’s …

General Motors Corp. says there is “substantial doubt” about the company’s viability and that bankruptcy is possible unless it can implement a broad restructuring plan, according to a regulatory filing today. The comments came in …