Downturn

Worldwide IT Spending To Decline 3.8 Percent In 2009: Gartner

As per Gartner, IT spending is experiencing a sharp slowdown across all four key segments of hardware, software, IT services and telecommunications.

US banks to be required to hold 'liquid' assets to fund 30 days of operations

The Federal Reserve and two other agencies moved toward adopting rules Wednesday that will subject big U.S. banks for the first time to so-called "liquidity" requirements.