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Yahoo! News: Economy News
Updated : Fri, 05 Dec 2008 08:51:46 GMT
Layoffs spread, CEOs see more pain ahead (Reuters)
Reuters - Fear of a deepening recession is spreading throughout corner offices across corporate America, prompting chief executives in all sectors to slash thousands of jobs as they scramble to find ways for their companies to survive the worst economic crisis since the Great Depression.
Publ.Date: Thu, 04 Dec 2008 20:44:33 GMT
Source: Yahoo.com
China, US end talks with pledges to boost trade (AFP)
AFP - China and the United States completed Friday their last high-level economic meeting under the Bush administration with vows of 20 billion dollars of trade financing to boost commerce in a time of crisis.
Publ.Date: Fri, 05 Dec 2008 08:19:40 GMT
Source: Yahoo.com
Bernanke urges action to halt foreclosures (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners.
Publ.Date: Thu, 04 Dec 2008 19:16:54 GMT
Source: Yahoo.com
China, US promise $20 billion for trade (AP)
AP - The United States and China promised Friday to jointly tackle the global financial crisis and pledged $20 billion to finance trade as they wrapped up high-level talks marked by a pointed Chinese appeal to Washington to stabilize its economy.
Publ.Date: Fri, 05 Dec 2008 08:51:46 GMT
Source: Yahoo.com
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