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Stocks fall after jobless claims jump

New York City :: NY :: USA | about 9 hours ago | Business News

Posted by kalex

Fresh worries about widening unemployment added to investors' list of concerns about the economy Thursday and extended Wall Street's sell-off to a second day. The major indexes each fell more than 1.5 percent, including the Dow Jones industrial average, which...

42 news stories / 6 blog posts / 0 images / 22 videos / 1 voice

GMAC seeks federal bailout funds

New York City :: NY :: USA | about 13 hours ago | Business News

Source: International Herald Tribune

Thursday it has filed to become a bank holding company, joining the growing list of lenders making such a move in a bid to secure U.S...Troubled Asset Relief Program is conditional on its becoming a bank. The company, which had previously...

8 news stories / 10 blog posts / 12 images / 2 videos / 0 voices

No agreement for US car bail-out

New York City :: NY :: USA | about 3 hours ago | Business News

Posted by vishnughimire

US politicians have told the crisis-hit "Big Three" carmakers to come up with their own viable recovery plan if they want a $25bn (£17bn) government rescue. The leaders of both houses of Congress said Ford, General Motors and Chrysler had...

12 news stories / 2 blog posts / 4 images / 3 videos / 1 voice

Oil drops below $50

New York City :: NY :: USA | about 3 hours ago | Business News

Posted by vishnughimire

NEW YORK: Oil dropped 8% to below $50 yesterday as a bearish US jobs report intensified concerns of a long and deep global recession and further crushed demand expectations. The US government reported the number of workers making new claims...

13 news stories / 6 blog posts / 3 images / 21 videos / 1 voice

US Politics, by Biodun Iginla, BBC News, Minneapolis

New York City :: NY :: USA | about 5 hours ago | Political News

Posted by BiodunIginla

by Biodun Iginla, BBC News, Minneapolis Featured Articles Longtime Head of House Energy Panel Is Ousted By JOHN M. BRODER Representative Henry A. Waxman unseated John D. Dingell to become chairman of the powerful Energy and Commerce Committee. Times Topics:...

8 news stories / 6 blog posts / 4 images / 19 videos / 0 voices

Lines Grow At U.S. Unemployment Offices.Weekly jobless claims have hit ...

New York City :: NY :: USA | about 9 hours ago | Business News

Posted by vishnughimire

Maurna Desmond , 11.20.08, 09:45 AM EST Weekly jobless claims have hit a sixteen-year high. The number of Americans who applied for unemployment benefits for the first time hit a 16-year high last week, pushing the rolling herd of jobless...

18 news stories / 3 blog posts / 18 images / 18 videos / 1 voice

Stocks fall further after jobless claims jump

New York City :: NY :: USA | about 10 hours ago | Business News

Posted by thapaprajwal

Slideshow: Stock Markets Play Video Video: Recession-End Indicator CNBC Related Quotes Symbol Price Change GM 1.82 -0.97 ^GSPC 793.63 -12.95 ^IXIC 1,375.18 -11.24 <SCRIP AP – A man checks stock prices online at a TD Ameritrade brokerage Wednesday, Nov. 19,...

13 news stories / 3 blog posts / 0 images / 20 videos / 0 voices

Astronauts vow remaining tool bag won't drift away

New York City :: NY :: USA | about 15 hours ago | Technology News

Posted by vishnughimire

By MIKE SCHNEIDER – 49 minutes ago HOUSTON (AP) — Astronauts vowed to double-check, even triple-check, to make sure a bag of tools is properly tied down during a spacewalk Thursday so it doesn't float away like one did earlier...

15 news stories / 2 blog posts / 22 images / 11 videos / 1 voice

Clinton fans, foes weigh in on secretary of state post

New York City :: NY :: USA | about 15 hours ago | Political News

Posted by vishnughimire

BY ELIZABETH MOORE | November 20, 2008 elizabeth.moore@newsday.com Barack Obama will soon be the new leader of the free world, but Topic A this week has become the will-she-or-won't-she speculation about Hillary Rodham Clinton and the secretary of state's job....

31 news stories / 4 blog posts / 5 images / 17 videos / 1 voice

Why Obama Wants Hillary for His 'Team of Rivals'

New York City :: NY :: USA | about 16 hours ago | Political News

Posted by arjun

To succeed at modern diplomacy, it helps to take the long view. As word trickled out that President-elect Barack Obama was considering Hillary Clinton for Secretary of State, Clinton was on the phone with the President of Pakistan. Asif Ali...

41 news stories / 5 blog posts / 0 images / 24 videos / 1 voice