Jan
30
2009
Geithner, Bernanke work on $700B bailout overhaul WASHINGTON (AP) – Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and other top banking officials met Friday to hammer out details of a major overhaul of the government’s financial rescue program. One official said the Obama administration was close to unveiling the ne |
Jan
29
2009
Ford loses $5.9B in 4Q, says still won’t seek aid photo
DEARBORN, Mich. (AP) – Ford Motor Co. said Thursday it lost $5.9 billion in the fourth quarter and burned through $5.5 billion in cash as sales slumped, but the company still says it does not plan to seek federal loans. After losing $14.6 billion in 2008, the second-largest U.S. automaker said it…
Jan
28
2009
More than a million wait in icy darkness across US
LITTLE ROCK, Ark. (AP) – Well over a million people shivered in ice-bound homes across the country Wednesday, waiting for warmer weather and for utility crews to restring power lines brought down by…
Jan
27
2009
Consumer confidence darkens further in January 
NEW YORK (AP) – Americans’ mood about the economy darkened further in January, sending a widely watched barometer of consumer sentiment to a new low, a private research group said Tuesday, as people worry about their jobs and watch their retirement funds dwindle. The Conference Board said its..
Jan
24
2009
The world economy is deteriorating more quickly than leading economists predicted only weeks ago, with Britain becoming the latest nation to surprise analysts with the depth of its economic pain.
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