Business

Washington, November 6 -- Some heartening news for residents who want to avail the $8,000 tax credit from the federal government stimulus package but are running out of time in closing the deal by Nov. 30.

New York, October 30 -- Battered by the worst economic downturn since the Great Depression, major oil companies have reported a decline in their quarterly profits.

New York, November 6 -- Leading food maker, Kellogg Co. based in Battle Creek, Michigan, announced discontinuing its immunity claims on the boxes of Kellogg’s Rice Krispies and Cocoa Krispies cereal this Wednesday.

New York, November 7 -- In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year.

New York, November 7 -- The nation's unemployment rate jumped to 10.2 percent, hitting double digits for the first time ever in 26 years.

New York, November 5 -- Chip maker Intel faces accusations of illegally persuading computer makers--by paying them billions of dollars--to use its chips instead of Advanced Micro Devices’ (AMD).