NEW YORK, Dec. 1, 2008 (Reuters) — Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week's sharp gains, with banks and retailers among Wall Street's biggest casualties. ... > 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
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
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) — General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan. ... > full story
NEW YORK, Nov. 27, 2008 (Reuters) — General Motors Corp , whose chief executive was blasted last week by U.S. lawmakers for flying on a private jet to ask for public funds, has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases. ... > full story
WASHINGTON, Nov. 26, 2008 (Reuters) — The U.S. government will need a variety of programs to deal with troubled credit markets and is open to feedback from the incoming Obama administration in developing them, a senior U.S. Treasury official said on Wednesday. ... > full story
NEW YORK, Nov. 26, 2008 (Reuters) — Former American International Group Inc executive Joseph Cassano is under investigation by U.S. prosecutors for possibly misleading auditors and investors about subprime mortgage-related losses, according to a Bloomberg report citing people familiar with the probe. ... > full story
WASHINGTON, Nov. 25, 2008 (Reuters) — The U.S. economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the specter of a deeper recession. ... > full story
NEW YORK, Nov. 24, 2008 (Reuters) — Efforts to settle a long-running fraud lawsuit against American International Group Inc's former chief, Maurice "Hank" Greenberg, have broken down amid the insurer's financial woes, a lawyer from the New York attorney general's office said on Monday. ... > full story
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November a gloomy month for all but two TSP funds Dec. 1, 2008 (Government Executive) — Two Thrift Savings Plan funds made slight gains in November, and losses in other funds were smaller than those during major market drops in ...
Stock Smackdown: Cramer vs. CAPS Dec. 1, 2008 (Motley Fool) — Recs. . There's no denying that "Mad Money" host Jim Cramer is entertaining, popular, and passionate. On many occasions, he's even right. So he's ...
Dow falls sharply on consumer spending worries Dec. 1, 2008 (HeraldNet: Snohomish County, WA) — A litany of bad economic news has snuffed out Wall Street's five-day rally, sending stocks falling sharply as investors realized anew how troubled ...
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