The Reserve Primary Fund has adjusted its timeline of events for breaking the buck on Sept. 16., correcting the time that its per-share value actually fell below a dollar.

A federal judge gave preliminary approval to a $445 million settlement between Qwest Communications International and shareholders who sued the telephone company for fraud.

The contributors to The New York Times?s Gadgetwise blog have banded together to offer consumers this preholiday shopping briefing.

The taxman starts the search for hidden offshore bank accounts

A deep cut in China?s interest rates gave Asian stock markets a lift, and a terrorist attack in Mumbai prompted the closure of the Indian stock markets.

Financial markets in India are closed on Thursday following the attacks in Mumbai, India's business capital.

Japanese electronics goods maker Panasonic cuts its annual profit forecast by 90% because of the global economic downturn.

Woolworths' administrators begin efforts to find a buyer for the retailer and save up to 30,000 jobs at the chain.

The owner of Currys and PC World reports a half-year loss of £29.8m, blaming 'tough and volatile' trading.

Reuters - Global miner BHP Billiton painted a gloomy near-term outlook for metals demand on Thursday as it defended its decision to drop a $66 billion bid for rival Rio Tinto.

Reuters - Panasonic Corp (6752.T) cut its annual net profit forecast by 90 percent, hit by a slowing economy and a firmer yen, missing market expectations and joining rivals such as Sony Corp (6758.T) in slashing its outlook.

Police say Chinese billionaire Huang Guangyu is in custody while they investigate him for alleged economic crimes.

Reuters - Panasonic Corp (6752.T) cut its annual net profit forecast by 90 percent and announced plans to restructure as the global financial crisis begins to hurt top Japanese electronics makers.

Stocks rose in Europe and Asia, following Wall Street?s lead and a deep cut in Chinese interest rates.

The French government is set to provide state-backed insurance to companies who offer credit to the businesses they trade with.

Confidence among consumers and businesses in the eurozone has fallen to a 15-year low in November, figures indicate.

Europe's biggest travel firm says its full year pre-tax profit rose 43% as a result of cost cuts.

Finish mobile phone giant Nokia says it will stop selling handsets in Japan after struggling to grow its market share there.

Will downturn push Danes to swap these for euros?

The UK economy did indeed shrink 0.5% between July and September, the Office for National Statistics confirms.

Reuters - ArcelorMittal , the world's largest steelmaker, is set to slash up to 9,000 positions of largely white-collar staff, the company said on Thursday.

AP - DSG International PLC, Britain's largest consumer electronics retailer, posted a net loss for the first half of the year on Thursday, after the company cut prices to compete with internet retailers and spent more on restructuring the business.

The government is working to ensure that Woolworths stores stay open over Christmas, the PM says.

Steel giant ArcelorMittal is to offer voluntary redundancy to up to 9,000 employees, around 3% of its total workforce.

Reuters - ArcelorMittal , the world's largest steelmaker, is set to slash up to 9,000 positions of largely white-collar staff, the company said on Thursday.

The accelerating economic slowdown in China will lead to huge unemployment and could fuel social unrest, China's top planner has said.

Reuters - ArcelorMittal , the world's largest steelmaker, unveiled plans on Thursday to slash up to 9,000 more jobs, saving $1 billion a year in response to a deepening global economic downturn.

Reuters - The judge hearing the Russian government's $22.5 billion lawsuit against the Bank of New York Mellon said on Thursday that the case should be settled out of court.

AP - Online retailers are ramping up heavy-duty deals to turn skittish shoppers into buyers during the crucial Thanksgiving weekend and 'Cyber Monday' — but even so, online sales are expected to be fairly flat after years of strong growth.

Spain launches an 11bn euros (£9.2bn) economic boost plan aimed at creating 300,000 jobs in 2009.

AP - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide.

Reuters - Satellite Asset Management, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds, Bloomberg reported.

How will US fare with European-style economics?

Motor bosses gather to call for industry help

Romania credit rating hit hard ahead of elections

British American Tobacco (BAT) says it may get £1.2bn of tax back after a High Court judge ruled it had overpaid.

Analysts expect retailers to offer more jaw-dropping deals during one of the toughest holiday seasons in decades.

Critics say drug firms worked to discredit a clinical trial that found that inexpensive pills for hypertension worked better than newer drugs.

Demand for copper revived Arizona?s mining towns but the cooling economy is undoing some of that.

An inquiry by the Swiss banking giant is looking at fraud cases involving American clients.

Ferrari is highlighting a brand and underscoring a claim to luxury style through the innovation of a factory design.

After years of lying unused, a historic tunnel complex built in 1940 can be bought for $7.4 million.

Investing with the idea of improving the environmental actions of corporations is catching on among some big pension funds.

A government-sponsored merger of 11 regional airlines has twice as many aircraft as Russia?s national airline.

In ad campaigns, most wristwatches are frozen with their hands at 10 and 2, to ?frame the brand and logo.?

The automaker drew criticism for using a corporate jet while seeking a federal bailout.

Bank of America shareholders will be taking one for the team, assuming they greenlight the takeover of Merrill Lynch next week.

After the housing bubble burst, a struggle is now emerging over how Realogy?s unfortunate lenders should be treated.

Critics say drug firms worked to discredit a clinical trial that found that inexpensive pills for hypertension worked better than newer drugs.

Many of the Americans who packed the Thanksgiving service at London?s St. Paul?s Cathedral have had their lives thrown into turmoil by the current financial crisis.

Foreign News.

Reuters - U.S. aluminum giant Alcoa Inc is not actively seeking to raise its stake in miner Rio Tinto Ltd , Alcoa Australia Managing Director Alan Cransberg said on Friday.