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Wall Street


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Detroit bailout plans make their way to Congress

DETROIT/WASHINGTON, Dec. 2, 2008 (Reuters) — Distressed U.S. automakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November. ...  > 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

Retail stocks fall on holiday shopping worries

NEW YORK, Dec. 1, 2008 (Reuters) — Key retail stocks fell on Monday as investors feared that deep discounts offered by U.S. stores during the year's first holiday shopping weekend could sap profits and would not save a bleak season. ...  > full story

World stocks headed toward 6th session of gains

LONDON, Nov. 28, 2008 (Reuters) — Global stocks headed toward a sixth consecutive session of gains on Friday, although European shares were weak, as investors took some comfort from government moves to stimulate a deteriorating world economy. ...  > full story

Obama picks Volcker as economy adviser

CHICAGO, Nov. 27, 2008 (Reuters) — U.S. President-elect Barack Obama on Wednesday named former Federal Reserve Chairman Paul Volcker to chair a new panel to advise him how to stabilize financial markets and navigate a potentially painful recession. ...  > 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

Shares fall as stimulus weighed

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

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

Shares fall in Europe and yen rallies broadly

LONDON, Nov. 25, 2008 (Reuters) — European stocks fell more than 1 percent on Tuesday and the low-yielding yen rose broadly as euphoria surrounding the U.S. rescue of Citigroup gave way to concerns about sharply deteriorating major economies. ...  > full story

Small U.S. stores adopt personal touch to survive

LIBERTYVILLE, Illinois, Nov. 25, 2008 (Reuters) — Many U.S. retailers, large and small, have good reason to envy Sue Opeka -- sales at her store have been up 15 percent for the past four months and she's up 5 percent for the year so far. ...  > full story
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