Brown unveils mortgage help plan

December 3, 2008 – 10:18 pm Many people made redundant will be able to defer part of their mortgage payments for up to two years, Gordon Brown says. Read the rest of the story...

US economy ‘weaker in all areas’

December 3, 2008 – 10:13 pm The Federal Reserve's Beige Book paints a bleak picture of the US economy, with weaker economic activity across the country. Read the rest of the story...

Cyber Monday spending rises 15 percent: comScore

December 3, 2008 – 9:14 pm SAN FRANCISCO (Reuters) - Online retail spending rose 15 percent on the all-important Monday after Thanksgiving from a year earlier, sounding a positive note in an otherwise bleak holiday season.
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Productivity for all key

December 3, 2008 – 9:10 pm President-elect Barack Obama's plans to increase federal funding for tech research and the training of scientists and engineers are misguided according to economist Amar Bhidé, author of "The Venturesome Economy."
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Investors accuse Citi execs of “suspicious” trades

December 3, 2008 – 9:02 pm NEW YORK (Reuters) - An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health.
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Fed Beige Book says economic activity weakened

December 3, 2008 – 8:30 pm WASHINGTON (Reuters) - Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday.
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Auto union makes key concessions

December 3, 2008 – 8:16 pm The United Auto Workers union pledges key concessions to help the Detroit Three carmakers secure government aid. Read the rest of the story...

UAW to suspend jobs bank, rework healthcare trust

December 3, 2008 – 8:12 pm DETROIT (Reuters) - United Auto Workers President Ron Gettelfinger said on Wednesday the union would surrender job security protections and delay payments into a retiree healthcare trust to help U.S. automakers clinch government aid to survive a sales downturn.
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EDF offers $6.5 billion for Constellation assets

December 3, 2008 – 8:10 pm PARIS/NEW YORK (Reuters) - French power company EDF unveiled a plan to pay as much as $6.5 billion for 50 percent of Constellation Energy Group Inc's nuclear business and other assets in an attempt to torpedo a rival offer from investor Warren Buffett.
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Labor market worsens

December 3, 2008 – 8:04 pm Dec. 3 - Recession worries gained further momentum on Wednesday after a private report showed U.S. employers cut 250,000 positions in November.
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