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S&P 500 sinks 6.7% to '97 low
Thu, 20 Nov 2008 18:35:50 EST
Wall Street slumped Thursday afternoon and the S&P 500 closed at an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff.

Big banks get crushed
Thu, 20 Nov 2008 20:36:30 EST
Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It's anybody guess when the selloff will end.

Citi plunges 26% - lowest in 15 years
Thu, 20 Nov 2008 21:04:29 EST
Citigroup Inc. suffered another brutal day on Thursday as shares tumbled to their lowest level in more than 15 years.

Auto bailout: Not now, maybe later
Thu, 20 Nov 2008 17:16:14 EST
With the prospects of an auto bailout this week all but dead, Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.

The Big 3 Depression risk
Thu, 20 Nov 2008 20:38:08 EST
The U.S. auto industry weathered the Great Depression. But there are some fears that its current crisis could cause another one.

Unemployed? More help for you
Thu, 20 Nov 2008 18:49:04 EST
Congress passed legislation late Thursday to extend the period of government assistance to Americans struggling in the shrinking job market.

JPMorgan cutting investment bank staff
Thu, 20 Nov 2008 18:59:39 EST

Dell: Lower earnings and revenue
Thu, 20 Nov 2008 19:57:45 EST
Dell Inc., reporting lower quarterly earnings and revenue, said Thursday that the global economic slowdown has caused consumers and businesses to pull back on technology spending.

Kick GM out of the Dow...now!
Thu, 20 Nov 2008 16:44:22 EST
General Motors has a market capitalization of just $2.1 billion. The stock, which now trades for a little more than $3.50 a share, hit a 70-year low on Thursday.

Fannie and Freddie suspend foreclosures
Thu, 20 Nov 2008 18:01:29 EST
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.

Paulson: Crisis of the century
Thu, 20 Nov 2008 14:18:16 EST
Read full story for latest details.

Treasury to backstop mutual fund
Thu, 20 Nov 2008 16:24:51 EST
Read full story for latest details.

No job, bad mortgage - out of luck
Thu, 20 Nov 2008 14:37:24 EST
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.

Shoppers: Wait 'til next year
Thu, 20 Nov 2008 04:55:41 EST
While U.S. merchants are a few weeks away from wrapping up a potentially disastrous 2008, experts say there is some relief on the horizon in 2009 for both stores and consumers - and it's coming from thousands of miles away in China.

Financial crisis could have happy ending
Thu, 20 Nov 2008 20:08:35 EST
I was thinking about the financial mess the other day and I came up with this theory. I'm wary of it because it's comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes:

California's electric cars
Thu, 20 Nov 2008 15:04:48 EST

A device to save electricity
Thu, 20 Nov 2008 03:49:18 EST
Inside a white-brick house nestled in Houston's leafy Montrose neighborhood, a gray handheld video display sits on the living room coffee table. But this is no ordinary remote control. Called the Insight and made by Tendril, a Boulder startup, the device communicates wirelessly with the home's utility meter, letting you track real-time information about the cost of the electricity you consume.

Wal-Mart may sell iPhone
Wed, 19 Nov 2008 10:39:17 EST

Sirius XM at 17 cents
Wed, 19 Nov 2008 19:09:45 EST
"Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up.

AT&T looks beyond the iPhone
Wed, 19 Nov 2008 07:52:48 EST
Its exclusive deal to sell the Apple iPhone has been a big boon to AT&T, a laggard in the mobile business. What happens when the deal runs out?


S&P 500 sinks to '97 low
Thu, 20 Nov 2008 18:26:12 EST
Wall Street slumped Thursday, with the S&P 500 plunging to an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff.

The Big Three Depression risk
Thu, 20 Nov 2008 17:57:45 EST
The U.S. auto industry weathered the Great Depression. But there are some fears that its current crisis could cause another one.

GM hits lowest price since Depression
Thu, 20 Nov 2008 11:48:24 EST
Read full story for latest details.

Unemployed? More help for you
Thu, 20 Nov 2008 18:49:02 EST
Congress passed legislation late Thursday to extend the period of government assistance to Americans struggling in the shrinking job market.

Big banks get crushed
Thu, 20 Nov 2008 16:46:01 EST
Bank stocks plunged again Thursday with some of the biggest names in the industry falling to their lowest levels in more than a decade. It's anybody guess when the selloff will end.

Fannie and Freddie suspend foreclosures
Thu, 20 Nov 2008 18:01:27 EST
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.

Paulson: Crisis of the century
Thu, 20 Nov 2008 14:13:34 EST
Read full story for latest details.

Dell: Lower earnings and revenue
Thu, 20 Nov 2008 19:57:41 EST
Dell Inc., reporting lower quarterly earnings and revenue, said Thursday that the global economic slowdown has caused consumers and businesses to pull back on technology spending.

Kick GM out of the Dow...now!
Thu, 20 Nov 2008 16:44:22 EST
General Motors has a market capitalization of less than $2 billion. The stock, which now trades for a little under $3 a share, hit a 70-year low of $1.70 on Thursday morning before recovering a bit.

Citi plunges 26% - lowest in 15 years
Thu, 20 Nov 2008 21:04:27 EST
Citigroup Inc. suffered another brutal day on Thursday as shares tumbled to their lowest level in more than 15 years.

Auto bailout: Not now, maybe later
Thu, 20 Nov 2008 17:16:11 EST
With the prospects of an auto bailout this week all but dead, Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.

No job, bad mortgage - out of luck
Thu, 20 Nov 2008 07:46:32 EST
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.

Treasury yields fall to historic lows
Thu, 20 Nov 2008 18:11:21 EST
Demand for U.S. Treasury bonds remained robust Thursday, with the yield on the benchmark note falling to an all-time low, as investors continue to flock to the safety of government debt.

Your 401(k) match at stake
Thu, 20 Nov 2008 12:26:12 EST
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 58% 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.

S&P 500 sinks to '97 low
Thu, 20 Nov 2008 18:26:12 EST
Wall Street slumped Thursday, with the S&P 500 plunging to an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff.

Sirius XM at 17 cents - look out below
Wed, 19 Nov 2008 14:34:51 EST
"Brother, can you spare a dime?" During the Great Depression, ten cents could buy a little something for those really hard up.