Saudi stocks open up to foreign investment. Provided by 7DAYS.ae Saudi Arabian shares seemed to begin a rally yesterday as the bourse began allowing foreigners to buy shares listed on its stock market through licensed intermediaries.On the first trading..

Fairfax Media to slash 550 jobs to cut costs. You need Flash Player 8 or higher to view video content with the ROO Flash Player.

Southwest to shave 6% of flights. Southwest Airlines, which grew at double-digit rates for years, will downshift into slow reverse this January.

Test Drive: New Honda Fit hits the fuel-efficient spot. How's this sound: 30 to 40 real-world miles per gallon, modest price, fun to drive, distinctive-looking. That sums up the redesigned..

Tokyo stocks rebound on Wall Street surge, strong dollar. Tokyo stocks rebounded Monday morning for the first time in five trading days with investors cheered by sharp gains in U.S. shares Friday and the U.S. dollar's strength versus the yen.

Scotiabank profit dips to $1.01B. The Bank of Nova Scotia says profits fell two per cent to $1.01 billion in the third quarter on credit losses and lower capital markets revenue.

Housing bailout act has help for more than just struggling owners. Over the weekend, the Senate approved housing bailout legislation that's primarily designed to help troubled homeowners and slow the rate of foreclosures. But the legislation, which President Bush is expected to sign this week, also includes provisions that could help families who are in no danger of losing their homes.

Fresh credit fears hit financials, unnerve market. U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.

Jewellery demand buoys gold but dollar a risk. Gold, a key player in the commodities boom earlier in the year, has turned in recent weeks into one of its most visible losers.

State's AG sues Countrywide over loans. Indiana is joining other states in taking legal action against mortgage giant Countrywide Home Loans, Inc., for allegedly deceiving borrowers into taking on costly and high-risk loans.

Darden Restaurants cuts profit forecast as diners stay home. Darden Restaurants warned that its quarterly profit will come in below Wall Street estimates and cut its forecast for the..

Ask an Expert: More on building a global business. Q: How would one go about beginning a more international sort of business? Not only are things tough here, but watching the Beijing Olympics makes me think that our product might do well in that vast market that is China. William.

Small-caps' gains raise some hopes for recovery. When Wall Street gets a whiff of recovery in small-capitalization stocks, hopeful questions often pop up about whether a nascent rebound for the overall market is taking hold.

Credit Suisse buys majority stake in US-based AMF. Credit Suisse Group said Tuesday it has acquired a majority stake in U.S.based company Asset Management Finance Corporation for $384 million of newly issued Credit Suisse stock.The Swiss bank said the deal for over 80 percent of AMF has cleared all regulatory approvals and will close Tuesday. It acquires the stake from National Bank Financial of Canada.AMF, based in New York, provides capital to asset managers in exchange for a non-voting, limited-term interest in a manager's future revenues, Credit Suisse said in a statement. This allows firms to bring in capital while maintaining ownership, independence and operational autonomy, the statement said.

Ford truck plant to become small-car factory. Ford Motor said Tuesday that it's spending $75 million to turn a Michigan truck plant into a small-vehicle factory to meet growing..

Traders Network. Erin O'Brien and her friends are do-it-yourself investors. As part of an online community at the brokerage Zecco, they consult each other on terminology, tax law and investment philosophy.

Sheraton has designs on fresh look. Sheraton, one of the largest hotel chains with more than 400 properties worldwide, is getting an extensive makeover after years..

New Nikon is first SLR to shoot video. Video clips on point-and-shoot digital cameras are great: Why not use them on cool digital SLRs as well? Nikon hopes to hammer..

Housing market shows a hint of hope. New housing reports out Tuesday show some of the first glimmers of stabilization in the troubled housing market, but economists..

Ask an Expert: Going global has never been easier. Q: How would one go about beginning a more international sort of business? Not only are things tough here, but watching the Beijing Olympics makes me think that our product might do well in that vast market that is China.