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Last updated: 04:58:31 Thursday Dec 4, 2008


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  • Toll Brothers 4Q loss narrows, no 2009 forecast
    HORSHAM, Pa. - Toll Brothers Inc. said Thursday its fiscal fourth-quarter loss narrowed slightly as it took fewer write-downs on land values, but warned that fiscal 2009 revenue will fall significantly below 2008 levels.   Activities:U.S. Foreclosure Crisis   Source:(AP)   2008-12-04

    The Fed boosted emergency loans to banks and firms
    WASHINGTON - The Federal Reserve boosted its lending to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system.   Activities:Global Financial Crisis   2008-11-28

    4 new reports reveal battered U.S. economy
    WASHINGTON - The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount since the 2001 terrorist attacks, orders to U.S. factories plummeted and homes sales fell to the lowest level in nearly 18 years.   People:Barack Obama   Activities:2008 Global Recession   2008-11-26

    U.S. economy shrinking, home prices dropping
    WASHINGTON - The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying.   Nations:U.S.   People:Henry Paulson   Activities:2008 Global Recession   Source:(AP)   2008-11-25

    Fed, Treasury offer $800 bln more to credit markets
    WASHINGTON (AFP) - US authorities launched fresh efforts Tuesday to unfreeze credit and limit the economic downturn with programs to buy up to 800 billion dollars in mortgage- and asset-backed securities.   People:Henry Paulson   Activities:Global Financial Crisis   Source:(AFP)   2008-11-25

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