Business Headlines

While the U.S. economy seems to be slowly recovering, the world stock markets are soaring.

President Barack Obama signed into law a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.

The company said the cuts will be a combination of voluntary and involuntary separation programs.

Wal-Mart Stores is upping the ante heading into the holiday season, trimming online preorder prices of some upcoming DVDs following last month's price cut on books.