KUALA LUMPUR: Banks should not react to economic pressures at the expense of small businesses. Deputy Prime Minister Datuk Seri Najib Razak said this in light of banks tightening their belts in the face of the current global economic turmoil.

(This classic Dave Barry column was originally published May 23, 2004.) Before we get to today's column, I have an important announcement regarding outsourcing. ''Outsourcing'' is a business expression that means, in layperson's terms, ''sourcing

The global economy is caught in a perfect storm as the greatest financial crisis since the Depression continues to unfold, accompanied by sky-high crude oil and commodity prices--a one-two punch that is resculpting the world's economic landscape.

Advanced Medical Optics, Inc. (AMO) (NYSE:EYE) today lowered 2008 revenue guidance to a range of $1.17 billion to $1.20 billion and 2008 adjusted earnings-per-share (EPS) guidance to a range of $0.70 to $0.80. The company had previously forecasted a 2008

BEIJING, CHINA: For Guo Jian, chairman of Yufu Group, a medium-sized woolen sweater exporter in Jiangsu province, the business environment has become harsher than ever as the global economy weakens. Now he has to figure out how to cut costs and add value