Business news for Mon, 31 Dec 2007 & with word facing. 5 news.

For many Americans, the Internet has become the great problem solver. When facing a collection of conundrums, including health problems, tax issues and schooling choices, U.

A third pharmaceutical giant is being investigated over alleged breaches of the UN oil-for-food programme in Iraq.

Foreclosures reshaped the U.S. economic landscape in 2007. A year ago, losing a house to bank repossession still seemed like a rare event, confined to people enduring unfortunate personal circumstances - job loss, divorce, illness, death of a wage earner. But...

Tax revenue is down considerably across the nation, creating budget shortfalls and forcing hard choices on what to cut. Dozens of states, counties and cities across the nation will enter the new year facing deep and unexpected budget holes as the widening mortgage crisis cuts sharply into tax revenue.

The world's major banking groups are facing unprecedented pressure to repair balance sheets and restore their liquidity as the ongoing credit crisis shows few signs of easing. Conventional commercial pressures are also refusing to go away.