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No relief seen in global economic crisis

Washington :: DC :: USA | about 4 hours ago | Business News

Posted by thapaprajwal

WASHINGTON (Reuters) – The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland , export woes in Japan and rescue loans to...

26 news stories / 0 blog posts / 0 images / 16 videos / 0 voices

Obama taps Daschle to lead health drive

Graham :: WA :: USA | about 6 hours ago | Political News

Posted by vishnughimire

WASHINGTON: Barack Obama picked former Senate leader Tom Daschle to end the US healthcare crisis and stocked his White House staff with loyal campaign aides, as new contenders emerged yesterday for key cabinet posts. The president-elect, who takes office in...

32 news stories / 3 blog posts / 10 images / 29 videos / 1 voice

Stocks fall after jobless claims jump

New York City :: NY :: USA | about 12 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...

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

Stocks fall after jobless claims jump

London :: United Kingdom | about 16 hours ago | Business News

Source: Seattle Times

Fresh worries about widening unemployment added to investors' list of concerns about the economy Thursday. The major indexes declined in volatile trading, extending losses from Wednesday's steep sell-off. Wall Street was unnerved after new claims for unemployment benefits climbed to...

38 news stories / 29 blog posts / 7 images / 30 videos / 0 voices

US politicians have told the crisis-hit "Big Three" carmakers to come ...

Washington :: DC :: USA | about 7 hours ago | Business News

Posted by BiodunIginla

by Judith Stein, financial analyst for Biodun Iginla, BBC new in Minneapolis, who is suffering from jetlag after transiting from Paris, where he was on assignment. _________________________________________________________________________________ Search term Explore the BBC BBC News Updated...

21 news stories / 0 blog posts / 4 images / 1 video / 0 voices

Obama likely to make bad nomination or two, history shows

Washington :: DC :: USA | about 7 hours ago | Political News

Posted by cooldiponline

WASHINGTON – No matter how careful he is, sooner or later President-elect Barack Obama is likely to make a bum nomination or two. "It's unavoidable," says Paul Light , a New York University professor and expert on presidential transitions. It...

17 news stories / 0 blog posts / 1 image / 5 videos / 1 voice

Oil falls below $53 on fears of deep recession

Washington :: DC :: USA | about 16 hours ago | Conflict & Tragedy

Posted by LewisStanley

Oil prices fell below $53 to almost a two-year low Thursday as investors, worried by plummeting stock markets , priced in lower crude demand as the global economic downturn shapes up to be the worst in decades. Light, sweet crude...

50 news stories / 0 blog posts / 6 images / 8 videos / 0 voices

Banks thrive in role of top bananas

London :: United Kingdom | about 5 hours ago | Business News

Source: Times Online

There are at least five ways of saying, “with the benefit of hindsight”. We know because Sir Tom McKillop, the chairman of Royal Bank of Scotland, wheeled out all five in his apology to shareholders yesterday. A once mighty institution...

9 news stories / 6 blog posts / 30 images / 9 videos / 0 voices

Report: U.S. Influence Will Fade By 2025

Washington :: DC :: USA | about 3 hours ago | Technology News

Posted by pranay

(CBS/AP) Analysts gazing into what amounts to an intelligence-based crystal ball see a future world marked by dwindling resources, more people and diminished power for the United States, as CBS News correspondent Bob Orr reports. The grim assessment, entitled "Global...

11 news stories / 3 blog posts / 1 image / 1 video / 2 voices

Citigroup dives despite Prince Alwaleed stake

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

Source: Times Online

Fears that Citigroup would need a huge new capital injection intensified on Thursday as a public show of support for the group’s management by Prince Alwaleed bin Talal with a pledge to boost his stake to 5 per cent failed...

20 news stories / 12 blog posts / 30 images / 21 videos / 0 voices