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Employers cut jobs for 6th straight month
WASHINGTON - Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent.
People:Ben Bernanke Activities:2008 U.S. Recession Source:(AP)
2008-07-03
Penn National says takeover deal terminated
PHILADELPHIA (Reuters) - Casino and racetrack operator Penn National Gaming Inc (PENN.O) said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit markets and weak U.S. economy.
Nations:Canada Activities:2008 U.S. Recession 2007 Global Credit Crunch Source:(Reuters)
2008-07-03
Merrill says GM bankruptcy possible
DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said.
Activities:2008 U.S. Automakers Downturn Source:(Reuters)
2008-07-02
Paulson says US economy enduring 'rough period'
WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring "a rough period" and warned that home foreclosures would likely remain high in the near future.
People:Henry Paulson Ben Bernanke George W. Bush Activities:2008 U.S. Recession 2007 Global Credit Crunch
2008-07-02
GM shares fall below $10 for first time since 1954
NEW YORK - Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road.
Activities:2008 U.S. Automakers Downturn Source:(AP)
2008-07-02
| Headlines |
- Employers cut jobs for 6th straight month 2008-07-03
- Penn National says takeover deal terminated 2008-07-03
- Merrill says GM bankruptcy possible 2008-07-02
- Paulson says US economy enduring 'rough period' 2008-07-02
- GM shares fall below $10 for first time since 1954 2008-07-02
- Honda grows while US auto industry falters 2008-07-02
- Dow's bear market run spells trouble for Wall St. 2008-07-02
- American could cut 900 flight attendant jobs 2008-07-02
- A Skeptical Take on the Economy 2008-07-02
- Private sector sheds 79,000 jobs in June 2008-07-02
- Starbucks to close 600 US stores, rein in growth 2008-07-02
- General Motors holds off Toyota as June sales fall 2008-07-01
- Starbucks closing 600 stores in the US 2008-07-01
- Chrysler to shut minivan plant as sales slump 2008-06-30
- Bush signs Iraq and Afghanistan war-funding 2008-06-30
- GM, Ford shares decline ahead of June sales report 2008-06-30
- Ford has had talks with Renault to sell Volvo: sources 2008-06-30
- Major turbulence ahead for airlines 2008-06-29
- Detroit's mood grim as automakers face the brink 2008-06-29
- Election could delay Fed rate rise until December 2008-06-29
- Days of oversize airline carry-ons are limited 2008-06-29
- When pickup sales dived, automakers changed plans 2008-06-29
- Credit scores hit by card limits 2008-06-28
- Inflation and job losses keep consumers glum 2008-06-27
- Consumer spending jumps as stimulus checks land 2008-06-27
- After-tax incomes and spending show big gains 2008-06-27
- GM drops to 53-year low, Goldman urges "sell" 2008-06-26
- New York women faring worse economically: study 2008-06-26
- US economy logs better but still subpar growth 2008-06-26
- Fragile economy improves but not out of woods yet 2008-06-26
- US economy grew 1.0 percent in first quarter 2008-06-26
- Will Fed begin to raise rates soon? 2008-06-25
 Consumer confidence tumbles in June 2008-06-24- GM to cut truck output, offer interest-free loans 2008-06-23
- United Airlines to lay off 950 pilots 2008-06-23
- Tough economy might be good for broadcast TV 2008-06-23
- Everything seemingly is spinning out of control 2008-06-22
- United Airlines to require minimum stays from Oct. 2008-06-20
- IMF says US economy on the mend, slowly 2008-06-20
- S&P may cut debt ratings on Ford, GM, Chrysler 2008-06-20
- Jobless claims decline by 5,000 following surge 2008-06-19
- Circuit City 1Q loss widens, weak forecast 2008-06-19
- GM puts brakes on SUV, truck redesigns 2008-06-19
- Gloomy Americans adjust to economy: poll 2008-06-18
- Economic outlook "subprime," no recession: report 2008-06-18
- FedEx forecast bodes ill for U.S. profit outlook 2008-06-18
- Delta sees second-quarter profit, plans more cuts 2008-06-18
- Chrysler takes aim at GM with hybrid SUV prices 2008-06-18
- California economy to withstand housing drag: report 2008-06-18
Matches Shown: | 1-50 | 51-100
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