Governor Edward G. Rendell today announced that the commonwealth will help develop new businesses, create new jobs and construct new homes with a $17.75 million investment.

Mortgage-finance company Fannie Mae on Wednesday announced a management shake-up in an effort to come to grips with mounting losses and shrinking capital.

DSL Business Finance, the not-for-profit business support agency based in Glasgow, yesterday said the value of its loans had more than tripled over the past five months as a direct result of the credit crunch.

General Motors' debt outlook was cut to negative because of concern that problems at its part-owned GMAC finance company might hurt the automaker's ability to offer vehicle loans.

The Asian Development Bank announced emergency funding Saturday to help poor countries struggling with rice prices that have nearly tripled in four months. The aid will come in the form of "sizable" soft loans for countries hardest hit by the global foo