NEW YORK, Nov. 21, 2008 (Reuters) — President-elect Barack Obama wants New York Federal Reserve President Timothy Geithner as his Treasury secretary, news that sparked a stock market surge on Friday and fostered confidence that Obama may be taking up the U.S. economic reins before his inauguration in January. ... > full story
NEW YORK, Nov. 21, 2008 (Reuters) — U.S. stocks stormed higher in a late rally on Friday to cap another volatile week as investors welcomed reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, instilling confidence about the administration's ability to take action. ... > 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
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
NEW YORK, Nov. 20, 2008 (Reuters) — The number of American workers on the unemployment rolls surged to the highest in a quarter century and a regional manufacturing gauge slumped as U.S. economic misery intensified. ... > full story
WASHINGTON, Nov. 20, 2008 (Reuters) — Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week. ... > full story
WASHINGTON, Nov. 19, 2008 (Reuters) — Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep. ... > full story
WASHINGTON, Nov. 18, 2008 (Reuters) — Producer prices posted a record decline in October as weak economic growth sent energy prices tumbling and chain store sales slipped, data on Tuesday showed, while home prices fell sharply in the third quarter. ... > full story
NEW YORK, Nov. 16, 2008 (Reuters) — Jennifer Bingham earned $7.50 an hour packing boxes for a jewelry company, but after a short illness she was fired and had to seek help at a food pantry and women's shelter. ... > full story
LONDON, Nov. 16, 2008 (Reuters) — JP Morgan, the U.S. investment bank, is drawing up plans to axe thousands of jobs across its worldwide operations, reports The Sunday Telegraph. ... > full story
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Letters Nov. 16, 2008 (Boston Globe) — Hybrid Escalade is over the top How sad, a new oxymoron - the hybrid Escalade - prominently featured in the Globe ("Cadillac's big, green beast," ...
Citi offers $20B in mortgage relief Nov. 15, 2008 (Jacksonville Business Journal) — Citigroup Inc. says it will offer to modify terms on up to $20 billion in mortgages.. . The program will be extended to borrowers who are making ...
Thanks for the help Nov. 15, 2008 (Northwest Arkansas Times) — DEAR GIANT Faceless Mega-Conglomerate Mortgage Banking Corp., LLC: How are things ? It's nice to see that you and the other mortgage-lenders are ...
Royal Bank of Scotland to axe 3,000 jobs: Report Nov. 15, 2008 (TMCnet.com) — London, Nov 14, 2008 The employment scene in the United Kingdom is getting more bleak, with a media report suggesting about 3,000 job cuts by Royal ...
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