IndyMac, a bank that specialized in risky mortgages, was seized by federal regulators late Friday. It is the largest mortgage lender to fail during the housing crisis and one of the biggest bank collapses in U.S. history. NPR correspondent John Ydstie tal

DURHAM, NC -- Chief financial officers do not expect the U.S. economy to begin to recover until 2009 or later. Domestic employment is expected to fall and inflation is expected to increase by 4.1 percent. Capital spending plans have been scaled back for t

EBay Inc on Wednesday provided a cautious near-term outlook that reflected concern over a weak U.S. economy and changes it has been making to its auction business, sending its shares down 7 percent.

Benjamin D. Gaon, an Israeli industrialist who tried to build trade links with the Arab world and who helped the Israeli economy move from its socialist roots toward privatization, died May 10 in Tel Aviv.

A major commercial construction player in the Southeast is targeting markets likely to remain active in the challenged economy for its expansion -- including Austin.