LONDON - SOFA retailer Land of Leather filed for bankruptcy protection on Monday, becoming the latest British retailer to succumb to a downturn in consumer spending amid the global economic slowdown.
NEW YORK - WALL Street shares drifted lower in opening trade Monday as traders braced for the start of the quarterly earnings season expected to show the impact on companies of the economic crisis.
WASHINGTON - THE Senate will not approve more bailout money for banks unless it includes limits on executive pay and help for struggling homeowners, Senate Banking Committee Chairman Chris Dodd said on Monday.
