posted by admin on Nov 11
Reuters - U.S. President-elect Barack Obama urged the Bush administration to back a second economic stimulus package and aid the ailing auto industry on Thursday, after fresh reports of economic weakness in China, Japan and Britain reinforced fears of a prolonged recession.
posted by Yahoo! News
posted by admin on Nov 11
AP - Wall Street got another dose of painful reality Tuesday and sent stocks diving as investors recognized that few industries are safe from the consumer spending slump whether they’re building homes, making cars or selling coffee. The Dow Jones industrial average lifted off its lows of the day, but still closed down nearly 180 points.
posted by Yahoo! News
posted by admin on Nov 11
AFP - Britain and the EU called for strong joint action to hold off the recession threatening leading economies as more grim economic and corporate news battered world stock markets on Tuesday.
posted by Yahoo! News
posted by admin on Nov 11
Reuters - Stocks fell on Tuesday as faltering demand at aluminum maker Alcoa and a dismal outlook from Tyco International showed the global economic slowdown is deepening.
posted by Yahoo! News
posted by admin on Nov 11
AFP - Oil prices sank more than three dollars a barrel in New York Tuesday, after two days of minor gains, as stock markets tumbled on recession fears.
posted by Yahoo! News
posted by admin on Nov 11
AP - Volatility slammed Wall Street again Tuesday as the reality hit investors that few industries are safe from the consumer spending slump whether they’re building homes, making cars or selling coffee. The Dow Jones industrial average fell about 150 points.
posted by Yahoo! News
posted by admin on Nov 11
Reuters - Oil prices fell 5 percent to $59 a barrel on Tuesday as the deepening global economic crisis dragged down markets and raised expectations energy demand will slow further.
posted by Yahoo! News
posted by admin on Nov 11
Reuters - Stocks cut losses in afternoon trading on Tuesday, after BlackRock President Robert Kapito said a $30 billion Bear Stearns mortgage portfolio could end up being worth more than its market value implies and housing agencies said they would widen help for homeowners.
posted by Yahoo! News
