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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

Oil falls towards $42 after weak U.S. jobs data

LONDON, Dec. 5, 2008 (Reuters) — Oil fell toward $42 a barrel on Friday, sinking to its lowest level since January 2005, after a U.S. government report showed more than half a million Americans lost their jobs last month. ...  > full story

Asian shares edge up

HONG KONG, Dec. 5, 2008 (Reuters) — Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data. ...  > full story

Global stocks resume decline

LONDON, Dec. 3, 2008 (Reuters) — A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts in Europe this week. ...  > full story

Car sales slide shows auto crisis worsening

MILAN, Dec. 1, 2008 (Reuters) — Car makers reported tumbling sales across Asia and Europe on Monday as the recession drove buyers from showrooms and drew a warning of more gloom next year. ...  > full story

Stimulus all the rage, bar Germany

PARIS, Nov. 30, 2008 (Reuters) — As recession extends its tentacles across the globe, it is getting hard just to track the hundreds of billions of dollars governments are throwing or promising to throw at the problem. ...  > full story

EU blocks French bank capital plan: report

PARIS, Nov. 29, 2008 (Reuters) — The European Commission is blocking a French plan to shore up the capital positions of big retail banks, insisting they must reduce their lending in return for state support, the Financial Times reported on Saturday. ...  > full story

Apple offers limited Black Friday price cuts

SAN FRANCISCO, Nov. 28, 2008 (Reuters) — Apple Inc's much-anticipated Black Friday event offered consumers discounts on Mac computers, iPods and accessories at levels similar to years past, despite speculation about deeper price cuts. ...  > full story

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

Small jet maker Eclipse files for bankruptcy

NEW YORK, Nov. 25, 2008 (Reuters) — Eclipse Aviation Corp, which pioneered the market for very light jets, filed for bankruptcy protection on Tuesday as it ran out of financing to stay afloat. ...  > full story
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