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Stocks rise on financials, energy, GE

NEW YORK, Dec. 2, 2008 (Reuters) — Stocks rose on Tuesday as investors scooped up beaten-down shares after Monday's sell-off and news that bellwether General Electric would keep its dividend unchanged in a tough economy. ...  > full story

U.S. automakers seek plan as Europe looks to bolster banks

NEW YORK/BRUSSELS, Dec. 2, 2008 (Reuters) — U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy. ...  > full story

Consumers cut spending

NEW YORK, Nov. 26, 2008 (Reuters) — Housing, consumer spending and business investment all weakened sharply last month as the dizzying downward spiral of the world's largest economy gathered speed, data showed on Wednesday. ...  > full story

Economy shrinks at fastest pace in seven years

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

Obama says long haul ahead

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

Bush signs law extending unemployment insurance

WASHINGTON, Nov. 21, 2008 (Reuters) — President George W. Bush on Friday signed into law an extension of unemployment benefits, the White House said. ...  > full story

Jobs data miserable, regional factories slump

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

Small businesses feel Wall Street's pain

BOSTON, Nov. 20, 2008 (Reuters) — Wall Street's pain is rippling through U.S. small businesses, as bankers who once pulled in million-dollar bonuses lose their jobs and cut back spending on everything from parties to home improvements. ...  > full story

Jobless to peak at 7.5 percent: survey

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

Obama resigns Senate seat, adds White House staff

CHICAGO, Nov. 16, 2008 (Reuters) — President-elect Barack Obama resigned his seat in the Senate on Sunday to focus on his transition to the White House, appointing new staff and thanking his home state of Illinois for launching his political career. ...  > full story
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