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
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
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
LONDON, Nov. 30, 2008 (Reuters) — A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company's online search business for $20 billion is "total fiction," according to a key executive cited by an influential U.S. blog. ... > full story
BRUSSELS, Nov. 26, 2008 (Reuters) — China, angry at plans for Tibet's spiritual leader the Dalai Lama to visit Europe, has called off a summit with the European Union next Monday which may have forged a joint response to the global economic crisis. ... > full story
SYDNEY/MELBOURNE, Nov. 26, 2008 (Reuters) — Global miner Rio Tinto Ltd said on Wednesday it was confident it could sell assets worth billions of dollars to pay down massive debt, despite concerns about a lack of buyers, a day after rival BHP Billiton Ltd dropped a bid for the firm. ... > full story
LONDON, Nov. 26, 2008 (Reuters) — World stocks struggled on Wednesday, with European and Japanese markets falling, while the low-yielding Japanese yen rose as investors counted the cost of global fiscal stimulus packages to boost flagging economies. ... > 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
WASHINGTON, Nov. 25, 2008 (Reuters) — The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. ... > full story
NEW YORK, Nov. 24, 2008 (Reuters) — The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession. ... > full story
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Fannie Mae Releases October 2008 Monthly Summary Nov. 25, 2008 (WallSt.net) — WASH, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Fannie Mae's (NYSE: FNM) October 2008 Monthly Summary is now available at ...
Bring Down the Hammer on a Builders' Bailout Nov. 25, 2008 (Motley Fool) — Hey, Ben. Looks like another group just showed up, hard hats in hand, to get in line for our exciting fall bailout program. This thing's become a ...
US-BUSINESS Summary Nov. 25, 2008 (Conde Nast Portfolio) — Fed throws fresh lifeline to financial system. The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at ...
Government Moves to Unfreeze Credit, Mortgage Markets Nov. 25, 2008 (ArkansasMatters.com) — The Bush administration is moving to unfreeze credit markets. . Treasury Secretary Henry Paulson this morning announced plans to spend hundreds of ...
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