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Last updated: 17:40:21 Thursday Dec 4, 2008


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  • Bernanke wants more action to curb foreclosures
    WASHINGTON - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession.   Nations:U.S.   People:Ben Bernanke   Activities:U.S. Foreclosure Crisis   Source:(AP)   2008-12-04

    Bad economic news buries hopes worst is over
    LONDON (AFP) - Worse-than-expected US job losses, more cuts in Italy and Spain, plunging German auto sales and a "horrible" eurozone services report pointed Wednesday to a deep and painful recession ahead.   Nations:Germany France Italy Australia Spain   People:Nancy Pelosi   Activities:2008 Global Recession   2008-12-03

    U.S. economic activity weakened: Fed Beige Book
    WASHINGTON - 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.   Nations:U.S.   Activities:2008 Global Recession   2008-12-03

    Early data shows strong Black Friday shopping
    CHICAGO - The holiday shopping season got off to a surprisingly solid start, according to data released Saturday by a research firm. But the sales boost during the post-Thanksgiving shopathon came at the expense of profits as the nation's retailers had to slash prices to attract the crowds in a season that is expected to be the weakest in decades.   Nations:U.S.   Source:(AP)   2008-11-30

    US retailers slash prices -- and pray
    NEW YORK (AFP) - US shoppers snapped up bargain basement deals on the day known as Black Friday as desperate retailers slashed prices in hopes of escaping a deepening slump.   Nations:U.S.   Activities:2008 Global Recession   Source:(AFP)   2008-11-28

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