Drug companies: No cold meds for kids under 4

Children under 4 should not be given cough and cold medicines, companies that make those products said Tuesday in announcing new guidelines for their use.

World markets boosted by Fed’s bold move

World stock markets on Tuesday recovered some of their hefty losses from the day before, helped by a steady opening on Wall Street after the U.S. Federal Reserve announced that it is to buy massive...

AIG hid financial risks from auditors

AIG executives hid from its auditors the full range of risky practices at its financial products division even as losses mounted, according to a congressional panel.

U.S. unveils short-term loan plan

With panic tightening its grip on investors here and abroad, pressure was growing on the United States Tuesday to take further aggressive steps to stem the economic crisis.

Oil rebounds after falling to 8-month low

Oil rebounded to around $90 Tuesday in Asia after plunging to an 8-month low Monday on concerns a significant slowdown in global economic growth will undermine demand for oil.