WASHINGTON, Dec. 1, 2008 (Reuters) — The U.S. economy has been in a recession for a year, the nation's business cycle arbiter declared on Monday, while European leaders vowed to step up public spending to try to cushion a deepening downturn. ... > full story
NEW YORK, Dec. 1, 2008 (Reuters) — Oil plunged more than 9 percent to $49 a barrel on Monday after OPEC deferred a decision on new supply cuts at a meeting over the weekend. ... > full story
LONDON, Dec. 1, 2008 (Reuters) — World stocks ended six consecutive days of gains on Monday and oil prices tumbled, boosting flows into the low-yielding yen as data showing slumping manufacturing activity in China and Europe fanned concerns over the economy. ... > full story
MELBOURNE, Nov. 25, 2008 (Reuters) — Qantas Airways Ltd , Australia's flag carrier, slashed its 2009 profit forecast and said it would further cut capacity due to shrinking demand as the global financial crisis bites. ... > full story
LIMA, Nov. 24, 2008 (Reuters) — The United States, China, Japan and 18 other economies in Asia and the Americas promised fast and decisive action on Sunday to prevent a severe global economic downturn. ... > full story
Nov. 24, 2008 (Corrects to show that Chinese state television report did not say that the provincial investments would be an addition to a stimulus package previously announced by the central government) — U.S. President-elect Barack Obama moved to reassure an anxious world over the weekend even before he takes office, picking two respected policymakers to lead the fight against the global financial crisis and setting out his battle plan. ... > full story
SAN FRANCISCO, Nov. 22, 2008 (Reuters) — Lower fuel prices present a "unique opportunity" to hedge buying up to four years out, the chief executive of airline Virgin America said on Saturday. ... > full story
LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ... > full story
GENEVA, Nov. 21, 2008 (Reuters) — Countries negotiating a new global trade pact showed no willingness to budge from their fixed positions in past days, the chairman of agriculture talks at the World Trade Organization (WTO) said on Friday. ... > full story
NEW YORK, Nov. 19, 2008 (Reuters) — BJ's Wholesale Club Inc posted a 24 percent rise in quarterly profit on Wednesday, helped by an increase in shoppers coming to its stores and stronger-than-expected results from its gasoline stations. ... > full story
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SIA not cutting salaries yet Nov. 24, 2008 (The Straits Times, Singapore) — SINGAPORE Airlines (SIA), the world's largest airline by market value, said on Tuesday it is not looking to cut staff salaries to cope with a ...
Melbourne Airport: Qantas system failure delays flights Nov. 24, 2008 (Melbourne Herald Sun, Australia) — QANTAS flights departing from Melbourne have been delayed, after the airline's flight planning system apparently malfunctioned.. A spokeswoman for ...
Surfing the Web from 35,000 feet Nov. 22, 2008 (CNET) — For an aviation geek like me, the simple act of flying is more then enough reason to get on a plane. So when sassy airline Virgin America offered ...
Delta ready to cut capacity as demand slips Nov. 22, 2008 (Reuters, UK) — Says expects to reduce flights. . * Shares rise 5 pct. . NEW YORK (Reuters) - Delta Air Lines Inc (DAL.N: Quote, Profile, Research) said on Friday ...
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