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Stocks drop 3 percent on jobs and energy

NEW YORK, Dec. 5, 2008 (Reuters) — The Dow and S&P 500 fell by 3 percent on Friday, as a bleak jobs report showed a further deterioration of the U.S. economy. ...  > full story

Detroit bailout drive sputters on Capitol Hill

WASHINGTON, Dec. 5, 2008 (Reuters) — The U.S. auto industry's drive for a $34 billion emergency taxpayer bailout was stuck in neutral on Friday as the chief executives of Detroit's Big Three began a second day of testimony on Capitol Hill. ...  > full story

Wall St jumps on bargain hunting in volatile week

NEW YORK, Nov. 7, 2008 (Reuters) — U.S. stocks rose on Friday as bargain hunters scooped up shares at multiyear lows after a big drop in the October payrolls was less dire than feared. ...  > full story

Jobless rate at 14-year high as losses continue

WASHINGTON, Nov. 7, 2008 (Reuters) — The unemployment rate shot to a 14-1/2 year high last month as employers slashed jobs by an unexpectedly steep 240,000, suggesting President-elect Barack Obama will face a deep recession when he takes office. ...  > full story
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