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Yahoo! News: Economy News  23 Nov 2008 at 12:24am AP - President-elect Barack Obama, who is set to announce his economic team, promoted an economic plan Saturday he said would create or save 2.5 million jobs by spending billions of dollars to rebuild roads and bridges and modernize schools while developing alternative energy sources and more efficient cars.  22 Nov 2008 at 10:45pm Reuters - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.  22 Nov 2008 at 10:08pm Reuters - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.  23 Nov 2008 at 12:19am AP - President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said.  22 Nov 2008 at 6:09pm Reuters - U.S. 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.  22 Nov 2008 at 3:15pm Reuters - President-elect Barack Obama said on Saturday that he was crafting an aggressive two-year stimulus plan to revive the troubled economy, warning that swift action was needed to prevent a deep slump and a spiral of falling prices.  22 Nov 2008 at 3:13pm AFP - US president-elect Barack Obama Saturday announced plans to create 2.5 million new jobs as he forged ahead in his bid to shore up the flagging economy ahead of his January inauguration. 22 Nov 2008 at 10:15am Reuters - Dutch Philips Electronics will lay-off 5 percent of its workforce at its Healthcare division as part of an accelerated cost-savings push sparked by the global economic slowdown. 22 Nov 2008 at 10:13am AP - American investor George Soros said he would like to see Washington put $300 to $600 billion more into the $700 billion U.S. economic bailout package, the German magazine Der Spiegel reported in an advance of Monday's edition.  22 Nov 2008 at 9:47am AFP - US President George W. Bush on Saturday assured Asia-Pacific leaders coping with the global economic crisis that recovering from the meltdown "is going to take time, but we'll recvover." 22 Nov 2008 at 8:38am Reuters - Daimler (DAIGn.DE) is eyeing further cost cuts, the maker of Mercedes cars confirmed on Saturday as a global economic slump squeezes sales.  22 Nov 2008 at 7:48am 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. 22 Nov 2008 at 5:21am Reuters - The financial crisis that has engulfed many top banks is spiraling into a broader economic crisis that has yet to peak, International Monetary Fund's top economist Olivier Blanchard told a Swiss newspaper on Saturday. 22 Nov 2008 at 4:55am Reuters - The U.S. economy needs additional support measures of between $300 billion and $600 billion to help it withstand the financial crisis, U.S. billionaire investor George Soros was quoted as saying by a German weekly.  22 Nov 2008 at 4:14pm AFP - US President George W. Bush, bidding farewell to the international stage, on Saturday offered a sweeping defense of free markets as leaders from across the Pacific rim vowed to resist protectionism. 21 Nov 2008 at 11:01pm Bloomberg - Nov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said. 21 Nov 2008 at 10:57pm AP - Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls.  21 Nov 2008 at 8:12pm AFP - The economic team of US president-elect Barack Obama came into view as fears mounted on the global financial crisis and more mass job cuts loomed worldwide. 21 Nov 2008 at 8:06pm 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 6:48pm AFP - US President George W. Bush and Chinese President Hu Jintao on Friday discussed the global economic crisis and efforts to speed the process of ending North Korea's nuclear programs, the White House said. |
Reuters: Business News 22 Nov 2008 at 11:11pm WASHINGTON (Reuters) - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years. 22 Nov 2008 at 10:15pm LIMA (Reuters) - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession. 21 Nov 2008 at 9:37pm NEW YORK (Reuters) - Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said. 22 Nov 2008 at 10:30pm SAN FRANCISCO (Reuters) - Lower fuel prices present a "unique opportunity" to hedge buying up to four years out, the chief executive of airline Virgin America said on Saturday. 21 Nov 2008 at 11:02pm WASHINGTON (Reuters) - The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website late on Friday. 22 Nov 2008 at 3:10pm CHICAGO (Reuters) - International Lease Finance Corp, the plane-leasing business owned by insurer American International Group , will be sold to a group of investors and ILFC's management, Bloomberg reported on Saturday. 22 Nov 2008 at 8:38am FRANKFURT (Reuters) - Daimler is eyeing further cost cuts, the maker of Mercedes cars confirmed on Saturday as a global economic slump squeezes sales. 22 Nov 2008 at 5:21am ZURICH (Reuters) - The financial crisis that has engulfed many top banks is spiraling into a broader economic crisis that has yet to peak, International Monetary Fund's top economist Olivier Blanchard told a Swiss newspaper on Saturday. 22 Nov 2008 at 8:52pm NEW YORK/LONDON (Reuters) - U.S. 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. 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. |
msnbc.com: Stocks & economy 23 Nov 2008 at 12:20am Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession. 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. 23 Nov 2008 at 3:01am In the parade of regulators that missed signals or made decisions they came to regret on the road to the current financial crisis, the Office of Thrift Supervision stands out. 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. 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. 20 Nov 2008 at 5:50pm Economists, money managers and traders who watch the markets closely say you can't assume previous bear market measures mean much. 20 Nov 2008 at 2:07pm The Federal Reserve announced Thursday that it will hold a hold a two-day meeting in December to weigh its next move on interest rates and to make a fresh assessment of the U.S. economy. 20 Nov 2008 at 4:20pm Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated. 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 8:21am Could it be that in this case a whiff of deflation may help us get out of the crisis? 20 Nov 2008 at 4:57pm Treasury Secretary Henry Paulson says the financial crisis now plaguing the world economy is an event that happens "once or twice" in 100 years. 20 Nov 2008 at 10:03am New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market. 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. 20 Nov 2008 at 1:06pm GMAC Financial Services, the financing arm of General Motors, said it applied to become a bank holding company, making it eligible for aid under the government’s bank rescue plan. 20 Nov 2008 at 9:43am As the outlook on the economy worsened, factory activity in the U.S. Mid-Atlantic region fell to another 18-year low in November. 19 Nov 2008 at 1:39pm The Federal Reserve has sharply lowered its projection for economic activity this year and next, and signaled additional interest rate reductions may be needed. 19 Nov 2008 at 10:30am Consumer prices plunged by the largest amount in the past 61 years in October, as gasoline pump prices dropped by a record amount. 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. 18 Nov 2008 at 3:36pm Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve skyrocketing home foreclosures. 18 Nov 2008 at 3:57pm A group of business executives on Tuesday urged President-elect Barack Obama to "quickly implement" a large stimulus package soon after taking office. 18 Nov 2008 at 7:51am Wholesale prices plunged a record amount in October as energy prices fell by the largest amount in 22 years. |
Economic news - CNNMoney.com 22 Nov 2008 at 12:00pm Saying that moving quickly is imperative, President-elect Barack Obama on Saturday offered an outline of his economic recovery plan to create 2.5 million jobs by 2011, saying American workers will rebuild the nation's roads and bridges, modernize its schools and create more sources of alternative energy.  21 Nov 2008 at 4:54pm President-elect Barack Obama is expected to nominate New York Federal Reserve President Timothy Geithner for Treasury Secretary.  22 Nov 2008 at 11:14am LIMA, Peru (CNN) -- President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.  21 Nov 2008 at 4:36pm Read full story for latest details.  22 Nov 2008 at 12:21pm What does the likely choice of New York Federal Reserve chief Timothy Geithner as his Treasury Secretary say about our President-elect? Simple: He believes in change, just not too much of it.  22 Nov 2008 at 9:46am Gasoline prices continued to sink, falling for the 66th day in a row, according to a national survey of gas station credit card swipes released Thursday.  21 Nov 2008 at 12:49pm As the economic outlook worsens, job cut announcements have come in hard and fast this week from businesses across the nation. 21 Nov 2008 at 12:49pm The stock market stinks like a moldy piece of Limburger cheese. Unemployment is on the rise. Home prices continue to fall. There are fears that one or more of Detroit's Big Three could go bankrupt.  21 Nov 2008 at 2:28pm Cash strapped Christmas shoppers will have a tighter hold on their pocketbooks this holiday season, according to a national consumer survey released Friday.  21 Nov 2008 at 2:16pm Read full story for latest details.  21 Nov 2008 at 2:04pm Read full story for latest details.  21 Nov 2008 at 3:14pm The dollar was mixed against major currencies Friday as investors remain risk-averse amid global economic uncertainty.  21 Nov 2008 at 3:30pm As the faltering economy forces companies to cut back, employee perks are among the first things to go. And along with free coffee in the break room, the next thing your employer might axe is its contribution to your retirement savings plan. About 84% of companies in the U.S. offered employees a 401(k) match as of last year according to Watson Wyatt, a benefits consulting firm. But for cash strapped companies, reducing or eliminating the retirement contribution may be one way to cut back on costs during hard economic times. Frontier Airlines already announced that it was suspending its matching contributions to 401(k) plans earlier this year. Struggling automakers General Motors and Ford, as well as Dollar Thrifty Automotive Group and real estate firm Cushman & Wakefield also announced they would no longer be offering employer matches. 22 Nov 2008 at 1:26pm Dec. 15 22 Nov 2008 at 1:27pm Dec. 16  15 Nov 2008 at 2:35pm Dec. 12 15 Nov 2008 at 2:29pm Dec. 5  3 Nov 2008 at 2:23pm Dec. 1 3 Nov 2008 at 2:23pm Nov. 25 23 Oct 2008 at 3:33pm Nov. 20 |