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
SAN FRANCISCO, Dec. 1, 2008 (Reuters) — A U.S. jury on Monday cleared Chevron Corp of liability charges arising from a violent clash on one of its oil platforms off the coast of Nigeria a decade ago. ... > full story
AUSTIN, Texas, Dec. 1, 2008 (Reuters) — Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero. ... > full story
WASHINGTON, Dec. 1, 2008 (Reuters) — Treasury Secretary Henry Paulson said on Monday the government was working on new programs to stimulate lending and expressed impatience that banks were not making more credit available. ... > full story
WASHINGTON, Dec. 1, 2008 (Reuters) — Factory activity dropped in November to its weakest level since the 1981-1982 recession and construction spending slumped in October, data showed on Monday, fanning fears of a protracted economic downturn. ... > full story
WASHINGTON, Dec. 1, 2008 (Reuters) — The U.S. economy slipped into recession in December 2007, the nation's business cycle arbiter declared on Monday, and the downturn could be the worst since World War Two. ... > full story
STOCKHOLM, Dec. 1, 2008 (Reuters) — General Motors and Ford have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday. ... > full story
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
WASHINGTON, Nov. 30, 2008 (Reuters) — The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said on Sunday. ... > full story
NEW YORK, Nov. 29, 2008 (Reuters) — Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal's website on Friday. ... > full story
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November jobless report due Friday Dec. 5, 2008 (NBC 16 South Bend (WNDU)) — More bleak economic news is expected Friday when the Labor Department reveals the latest on unemployment in November.. . It jumped to 6.5 percent ...
National auto woes trickle down locally Dec. 5, 2008 (Roanoke Times, Virginia) — By Jenny Kincaid Boone . . This week as the nation's largest automakers lobby lawmakers for an infusion of funds to save their troubled companies ...
Paulson: Treasury Devising More Lending Programs Dec. 1, 2008 (CNBC) — U.S. Treasury Secretary Henry Paulson said on Monday that more programs are being developed to stimulate lending but warned a severe financial ...
Massive new programs aimed at loosening credit Dec. 1, 2008 (Yahoo! Finance) — Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to ...
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