NEW YORK, Dec. 1, 2008 (Reuters) — JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc , which on September 25 became the largest U.S. bank to fail. ... > 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
NEW YORK, Dec. 1, 2008 (Reuters) — A group of bond investors sued Bank of America -owned Countrywide Financial on Monday demanding that Countrywide buy every mortgage loan for which it agrees to reduce payments under a predatory lending settlement deal. ... > 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
CHICAGO, Dec. 1, 2008 (Reuters) — Pilgrim's Pride Corp , the largest U.S. chicken company, filed on Monday for voluntary bankruptcy protection after struggling this past year with high feed costs and low meat prices. ... > full story
DETROIT, Dec. 1, 2008 (Reuters) — Ford Motor Co said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand as it scrambles to shore up cash amid a deep industry downturn. ... > full story
NEW YORK, Dec. 1, 2008 (Reuters) — The Federal Reserve will lower its policy rate to zero percent by January in its attempt to avert a prolonged recession and to revive the struggling credit market, according to J.P. Morgan Securities analysts. ... > full story
NEW YORK, Dec. 1, 2008 (Reuters) — U.S. bank stocks tumbled on Monday on expectations that a deepening global economic slump will reduce employment, crimp borrowers' access to credit and spur more writedowns. ... > full story
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JPMorgan to cut 250 local jobs Dec. 1, 2008 (Jacksonville Business Journal) — About 250 Jacksonville jobs from JPMorgan Chase and Washington Mutual Inc. will be eliminated as a result of JPMorgan's acquisition of Washington ...
Paulson: Treasury working on new lending facilities Dec. 1, 2008 (FinancialWeek) — Treasury Secretary Henry Paulson said on Monday that more programs were being developed to stimulate lending but warned a severe financial crisis ...
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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