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Crude Price Falls

Posted: 10/27/2008 - Oil prices today dropped to their lowest level in more than a year before rebounding to just above $63 a barrel.

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Big Declines Seen In Japan, Hong Kong

Posted: 10/27/2008 - U.S. and European stock markets recovered much of their early losses, helped by investors looking for bargains after sharp drops in Asia overnight, although the mood in financial markets remains dark on fears of a global recession.

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Stocks Skid Overseas And In The U.S.

Posted: 10/22/2008 - World markets have seen declines today. A series of disappointing corporate earnings reports in the U.S. have fueled renewed pessimism about the global economy despite thawing in credit markets.

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Wachovia Reports Nearly $24B Loss

Posted: 10/22/2008 - Wachovia Corp. has reported a nearly $24 billion loss, largely because of a charge of nearly $19 billion ahead of its acquisition by Wells Fargo & Co.

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Merck Earnings Drop, Cutting 7K Jobs

Posted: 10/22/2008 - Drugmaker Merck & Co. says it will cut 7,200 jobs as part of a new restructuring program that comes as its third-quarter profit plunged 28 percent, due to a hefty restructuring charge and flat sales.

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Crude Falls On Latest Supplies Report

Posted: 10/22/2008 - Oil prices have tumbled after the government reported big increases in U.S. crude and gasoline supplies, adding to growing evidence that the economic downturn is hurting demand for energy.

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Better Passenger Screening Seen Next Year

Posted: 10/22/2008 - A long-delayed government program designed to more accurately prescreen the names of airline passengers against terror watch lists is expected to begin early next year.

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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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