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21 Nov 2008 at 5:03pm Only four months after peaking at an unheard of $4.11 a gallon, the national average price for gasoline tumbled below $2 Friday, its lowest point in more than three years. 21 Nov 2008 at 6:52pm Wall Street put a stop to a terrifying decline and stormed higher as President-elect Obama appeared ready to tap the chief of the N.Y. Federal Reserve as the next treasury secretary. 20 Nov 2008 at 8:21am Newsweek: Why Geithner boosted the market 21 Nov 2008 at 6:55pm Chrysler and GM need to follow Lee Iacocca's play book now as they try to outlast the debate in Washington over whether they will get billions in government loans. 21 Nov 2008 at 11:38am One advantage the Honda and Hyundai plants in Alabama have over the General Motors, Chrysler, and Ford plants in Michigan is lower labor costs. But what if the UAW could more easily organize workers at Honda and Hyundai? 21 Nov 2008 at 12:41pm General Motors Corp will return two of its leased corporate jets amid intense criticism in Washington this week on the luxury travel arrangements of its chief executive. 21 Nov 2008 at 7:03pm Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt in a bid to get the distressed financial system pumping again. 12 Nov 2008 at 12:22pm 21 Nov 2008 at 11:10am Strapped consumers are rejoicing at falling prices. But some economists warn of the growing risk of a ruinous downward price spiral called deflation. Here's what's at stake. 21 Nov 2008 at 6:27pm Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. 21 Nov 2008 at 10:48am President George W. Bush on Friday ensured that millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach. 21 Nov 2008 at 3:59pm Wal-Mart, the world?s largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division. 21 Nov 2008 at 1:57pm Forget the wish list. Shoppers may be giving the gift of necessity this holiday season, buying up cards for gas, groceries and even utilities to help friends and family through lean times. 21 Nov 2008 at 12:09pm The Bank of New York Mellon Corp. and Washington Mutual on Friday became the latest in a string of banks to announce layoffs. 21 Nov 2008 at 8:28am Like many other elderly Americans, Edie Stark has been hard hit by the meltdown in U.S. financial markets. She is 84 and has been worried a lot lately about outliving her savings. |
21 Nov 2008 at 6:12pm NEW YORK (Reuters) - Citigroup Inc shares tumbled for a fifth straight day on doubts about its survival prospects after its chief executive downplayed speculation the bank might sell major businesses or merge with a rival. 21 Nov 2008 at 8:08pm CHICAGO (Reuters) - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping pull the United States out of an economic nosedive. 21 Nov 2008 at 6:05pm NEW YORK (Reuters) - Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday's big rally and preventing November from winding up as one of the worst months for stocks on record. 21 Nov 2008 at 8:06pm NEW YORK (Reuters) - Citigroup Inc has been talking in recent days to the U.S. Treasury Department and the Federal Reserve about its options as its share price sinks, a person familiar with the matter said. 21 Nov 2008 at 8:15pm NEW YORK (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. 21 Nov 2008 at 4:37pm NEW YORK (Reuters) - Goldman Sachs Group Inc is not interested in buying hard-hit Citigroup Inc , even with substantial U.S. government financial support, a person familiar with Goldman's strategy said Friday. 21 Nov 2008 at 4:51pm NEW YORK (Reuters) - Wal-Mart Stores Inc, which is gaining market share amid a global economic downturn, said Lee Scott will retire as chief executive early next year and will be succeeded by Mike Duke, who heads its international operations. 21 Nov 2008 at 2:51pm NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc provided details to the U.S. Securities and Exchange Commission on how it values what has so far been a money-losing $37.04 billion derivatives bet, after the regulator asked for better disclosure. 21 Nov 2008 at 5:33pm NEW YORK (Reuters) - Target Corp on Friday rejected as "highly speculative" proposals made by hedge fund manager William Ackman that he said would unlock the value of its real estate and boost the discount retailer's sagging stock price. 21 Nov 2008 at 6:30pm DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets. |
21 Nov 2008 at 6:14pm NEW YORK (AP) -- Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system. The Dow Jones industrial average, which had broken even for the day until news of the nomination leaked about an hour before the close, raced upward and finished 494 points higher, a rally of more than 6... 21 Nov 2008 at 5:26pm WASHINGTON (AP) -- The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.... 21 Nov 2008 at 7:27pm WASHINGTON (AP) -- President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market soared on the news. Word of Geithner's likely selection emerged as New York Sen. Hillary Rodham Clinton, in line to become secretary of state, said through a spokesman that discussions were on track for her appointment but no final... 21 Nov 2008 at 6:48pm NEW YORK (AP) -- Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.... 21 Nov 2008 at 7:34pm DETROIT (AP) -- When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required all checks above $1,000 to be approved by a senior vice president.... 21 Nov 2008 at 6:18pm NEW YORK (AP) -- Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.... 21 Nov 2008 at 3:31pm HOUSTON (AP) -- Only four months after peaking at an unheard of $4.11 a gallon, the national average price for gasoline tumbled below $2 Friday, its lowest point in more than three years. Yet the global economic contrast between then and now could not be more stark.... 21 Nov 2008 at 4:29pm MILWAUKEE (AP) -- With consumers looking for comfort foods and ways to save money, foodmakers H.J. Heinz Co. and J.M. Smucker Co. posted higher earnings Friday and said they're benefiting from price increases and the trend of more people eating at home.... 21 Nov 2008 at 4:36pm PORTLAND, Ore. (AP) -- Forget the wish list. Shoppers may be giving the gift of necessity this holiday season, buying up cards for gas, groceries and even utilities to help friends and family through lean times.... 21 Nov 2008 at 5:56pm NEW YORK (AP) -- In all the finger-pointing about the credit crisis, there's one unusual suspect: an accounting standard.... |
21 Nov 2008 at 4:58pm 21 Nov 2008 at 2:09pm 21 Nov 2008 at 1:36pm 21 Nov 2008 at 9:41am 20 Nov 2008 at 8:11pm 20 Nov 2008 at 8:47pm 20 Nov 2008 at 10:47am 19 Nov 2008 at 8:11am 20 Nov 2008 at 6:17am 18 Nov 2008 at 6:21pm 20 Nov 2008 at 10:01pm 20 Nov 2008 at 8:10pm 20 Nov 2008 at 10:01pm 20 Nov 2008 at 10:01pm 20 Nov 2008 at 10:01pm |