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, 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
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
DETROIT/WASHINGTON, Nov. 21, 2008 (Reuters) — Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets. ... > full story
WASHINGTON, Nov. 17, 2008 (Reuters) — The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday. ... > full story
CHICAGO/BONN, Nov. 10, 2008 (Reuters) — Deutsche Post AG will slash 9,500 jobs and halt U.S. domestic services at its DHL Express unit after failing for five years to gain share in a market dominated by United Parcel Service Inc and FedEx Corp. ... > full story
WASHINGTON/NEW YORK, Nov. 10, 2008 (Reuters) — The government restructured its bailout of American International Group Inc, raising the package to a record $150 billion with easier terms, after a smaller rescue plan failed to stabilize the ailing insurance giant. ... > full story
BEIJING, Nov. 9, 2008 (Reuters) — China's cabinet has approved a massive stimulus package worth 4 trillion yuan ($586 billion) through 2010 to boost domestic demand, the official Xinhua news agency said on Sunday. ... > full story
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DHL plan further threatens Ohio jobs Nov. 10, 2008 (Examiner.com: Anchorage, Alaska) — Hopes are fading to save 7,400 jobs at an airpark in Wilmington.. . DHL Express said Monday it intends to reduce U.S. operations and proceed with ...
DHL to cut 9,500 jobs, close select hubs Nov. 10, 2008 (San Antonio Business Journal) — Delivery company DHL said Monday it will cut 9,500 U.S. jobs and by early next year will focus its U.S. Express arm exclusively on international ...
DHL to cut 9,500 jobs, including 150 in Plantation Nov. 10, 2008 (Miami Herald) — DHL Express, the Plantation-based package-delivery firm, announced Monday it will exit its U.S. air- and ground-service business, a move that will ...
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