Mervyns, the 59-year-old department store chain based in Hayward, is closing up shop. The ailing retailer, which filed for Chapter 11 bankruptcy protection in July and planned to close 26 stores, said Friday that it now plans to liquidate its remaining 14

Russia could soon follow the Middle Eastern sovereign wealth funds and invest billions of dollars in direct overseas investments if, as expected, its national welfare fund is given more freedom to invest.

The economy got off to a poor start to 2008, as official data showed Friday that first-quarter growth stumbled to a three-year low amid a housing market slowdown and the global credit crunch.

(AP:NEW YORK) Oil prices dropped sharply Monday, erasing many of the previous week's record gains in a single session as concerns about conflict in the Middle East appeared to ease.

Barclays Bank Ghana Limited, one of the leading universal banks, has set in motion to operate the first International Financial Services Centre (IFSC) in the country, by the end of this year. This would help facilitate businesses between Ghana and other c