NEW YORK, Nov. 21, 2008 (Reuters) — Stocks rose in choppy trade on Friday as investors snapped up cut-price shares in beaten down sectors, including commodities and energy, a day after Wall Street slid to 11-year lows. ... > full story
NEW YORK, Nov. 21, 2008 (Reuters) — Amid growing concern that a power vacuum in Washington was contributing to the global financial crisis, shares of U.S. banking giant Citigroup skidded on Friday while legislators and corporate chieftains weighed the fate of the U.S. auto industry. ... > 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
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, Nov. 7, 2008 (Reuters) — The unemployment rate shot to a 14-1/2 year high last month as employers slashed jobs by an unexpectedly steep 240,000, suggesting President-elect Barack Obama will face a deep recession when he takes office. ... > full story
DETROIT, Oct. 24, 2008 (Reuters) — Chrysler LLC is targeting about 5,000 white-collar job cuts, reducing capital spending and planning additional restructuring steps due to the deepening slump in the U.S. auto industry and weak economic conditions. ... > full story
NEW YORK, Oct. 24, 2008 (Reuters) — Wall Street joined a global market rout on Friday that kicked off in Japan, led Russia to suspend trading and sent oil and other commodities tumbling on fears of a deep worldwide recession. ... > full story
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 ...
Reid: unemployment rate a reminder of the challenges we face Nov. 7, 2008 (NBC 4 Reno / Tahoe (KRNV)) — In the face of the federal Labor Department's reporting of soaring national unemployment rate numbers, Nevada Senator Harry Reid issued a statement ...
Democrats Plan Tax Breaks as Part of Economic Stimulus Nov. 7, 2008 (CQ Politics) — As job losses mount and President-elect Barack Obama huddles with his economic team, House Democratic leaders are considering plans to include tax ...
Rise in Jobless Claims Exceeds Forecast Oct. 23, 2008 (New York Times) — The number of American workers filing new claims for jobless benefits rose by a larger than expected 15,000 last week, government data on Thursday ...
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