LONDON (Reuters) - World stocks fell on Tuesday, erasing more than half of last week's gains, while oil hit a 3-1/2 year low and the yen and government bonds surged as concerns intensified about a deep global recession.
(Reuters) - Goldman Sachs Group Inc is likely to report a net loss of as much as $2 billion for the fourth quarter, the Wall Street Journal said, citing industry insiders.
NEW YORK (Reuters) - Boeing Co's second-largest union voted on Monday to approve the company's four-year contract offer, avoiding a second damaging strike at the plane maker's Seattle-area plants.
(Reuters) - The U.S. government should provide a federal guaranty to meet American International Group Inc's counterparty collateral requirements, the insurer's former Chief Executive Maurice Greenberg said.
SYDNEY/TOKYO (Reuters) - Australia slashed interest rates and the Bank of Japan moved to ease an acute cash crunch for companies, kicking off another round of global central bank action to soothe markets and shore up crumbling economies.
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