Daily News Channel
Supporters of Chicago’s bid for the 2016 Olympics were shocked Friday by news that the city was the first of four finalists to be eliminated from consideration. The news from the International Olympic Committee came mere hours after President Obama and first lady Michelle Obama delivered personal appeals to the selection committee, praising the virtues of their hometown
Rio de Janeiro, Brazil, will host the 2016 Summer Olympic Games, the International Olympic Committee announced Friday.
As the only U.S. car manufacturer that didn’t need a government bailout, Ford Motor was in better financial shape than its peers to ride out the recession.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.
Leaders representing 85 percent of the world’s economic output were gathering Thursday in a U.S. city that has reinvented itself, hoping to bolster the global economy
In what appeared to be the most visible demonstration yet of this week’s G-20 summit, four people attached to a massive banner dangled from a Pittsburgh bridge Wednesday to protest the global economic meeting.
As the leaders of the world’s industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression. A year ago, global markets were in free fall as governments moved to prop them up, sometimes nationalizing financial institutions and automakers.
British Airways announced earlier this week that it would give all staff the option of taking one month of unpaid leave.
The crib in Ellen Darcy’s Boston home has sat empty for more than a year. And in suburban Washington, Laura Teresinski has prepared a nursery for a baby that may never arrive
Digging has resumed at a site in the southeastern German town of Deutschneudorf, where treasure hunters believe there are almost 2 tons of Nazi gold and possibly clues to the whereabouts of the legendary Amber Room, a prize taken from a Russian castle during World War II. They and thousands of prospective parents, eager to adopt children from abroad, have found themselves in an emotional legal limbo since two of the most popular countries for international adoptions — Guatemala and Vietnam — recently halted their programs.