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Circuit City Shares Rise On Store Closure Report

Posted: 10/21/2008 - Consumer electronics retailer Circuit City Stores is reportedly considering a plan to close stores to shore up its finances to avoid filing for bankruptcy protection.

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GM Cutting Costs With Ban On Unscheduled Overtime

Posted: 10/21/2008 - General Motors has told local union officials at two factories that make its hotter-selling small and midsize cars that it will not allow any more unscheduled overtime.

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Stocks Coming Off Up Week

Posted: 10/20/2008 - Amid the stomach-churning volatility, stocks finished higher last week.

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Light Week For Reports

Posted: 10/20/2008 - A fairly quiet week is on tap for economic reports, after a heavy helping of them last week.

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Crude Rises

Posted: 10/20/2008 - Oil prices rose to $73 a barrel in Asia on Monday on expectations that OPEC will cut production quotas at an extraordinary meeting later this week.

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LA Public Transit Feeling Pinch From AIG Demise

Posted: 10/20/2008 - Two public transportation agencies in Southern California are facing possible service cuts after a major lender fell victim to the nationwide economic crisis.

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GM-Chrysler Talks Gain Momentum

Posted: 10/20/2008 - A person familiar with the merger discussions between GM and Chrysler says that the talks have advanced to the point where top executives of both companies have looked at a deal and asked for refinements.

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Report: NBC Universal Plans $500M In Spending Cuts

Posted: 10/20/2008 - A trade paper reports that NBC Universal plans to cut $500 million in spending next year to prepare for an expected continuation of the worldwide economic slowdown.

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UBS Chair Gives Up Bonus During Crisis

Posted: 10/20/2008 - The chairman of UBS AG says he'll forgo a bonus until the bank has recovered from huge losses in the global financial crisis.

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Dow Plunges Again; Second Biggest Loss Ever

Posted: 10/15/2008 - Despair over the economy has sent Wall Street plunging again, propelling the Dow Jones industrials to their second-largest point loss ever.

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Oil Moves Above $83

Posted: 10/14/2008 - Oil prices have jumped above $83 a barrel in Asia as the days of panic selling seem to be coming to an end.

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Parties Jockey On Economic Aid

Posted: 10/14/2008 - Republicans and Democrats in the House are pushing competing economic stimulus plans, looking for an advantage on the top issue in the campaign.

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