Treasury Secretary Timothy Geithner met with top government officials Friday to refine the administration’s plan for overhauling the $700 billion bailout program and improve regulation of the financial system. The administration is working on proposals for…

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Geithner, Bernanke work on $700B bailout overhaul

NEW YORK (Reuters) – Stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted in the fourth quarter at the fastest pace in nearly 27 years.

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Wall St. slides as economy falters

We may never know whether the government’s $700 billion bailout of the financial industry worked, according to a new report from congressional auditors. That’s because it will be impossible to sort out which of the government’s spending and other tinkering…

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Will $700B bailout work? We may never know

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Bottled Waters Lose Their Effervescence

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What Makes a ‘Best’ Business Book?

WASHINGTON (Reuters) – Washington moved to crack down on Wall Street bonuses on Friday as a Democratic senator proposed capping employee salaries at companies receiving government aid and the White House pledged action from President Barack Obama as well.

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White House, Senate take aim at Wall Street bonuses

Swiss drugmaker Roche, frustrated by stalled negotiations to purchase Bay Area biotech leader Genentech Inc., said Friday it plans a hostile takeover at a lower price than the $89 per share rejected in August by a committee of Genentech’s board. Roche said it…

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Roche revives takeover bid of Genentech

WASHINGTON (Reuters) – A top U.S. business group stepped up efforts on Friday to kill a “Buy American” provision that has angered U.S. trading partners, and the White House said it was reviewing its position on the measure.

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U.S. business group opposes “Buy American” plan

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Super Bowl Advertisers Hope for the Best

CHICAGO (Reuters) – Procter & Gamble Co lowered its expectations for the year on Friday after sales slowed in its second quarter, the latest signal that consumers and retailers are cutting spending in the recession.

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Procter & Gamble cuts view, sales off; shares fall

HOUSTON/SAN FRANCISCO (Reuters) – Oil giants Exxon Mobil Corp and Chevron Corp posted higher-than-expected quarterly earnings on Friday as refining profits helped offset a steep decline in crude oil prices.

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Exxon, Chevron profits top view; refining strong

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New Job Requirement: Be Happy

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How to Win Frugal Consumers and Influence Them to Buy

NEW YORK (Reuters) – Stocks tumbled for a second straight day on Friday as a report saying a plan to relieve banks of money-losing assets may be put on hold compounded investor fears about fallout from the deepening recession.

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Wall Street tumbles on economy, bank rescue fear

NEW YORK (Reuters) – Stocks hit a session low on Friday, led lower by the financial sector after CNBC reported that the government may put on hold a proposal to set up a “bad bank” that would take over toxic assets.

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Wall Street extends losses on news bad bank delay