| FACTBOX: Corporate ax hits over 70,000 in US, Europe Blue-chip U.S. companies Pfizer and Caterpillar announced the largest cuts, while European heavyweights ING and Philips also unveiled plans to slash thousands of jobs. Outright layoff ...[more] |
| More bank job cuts, but ING, Barclays calm fears ING () said it faced a 2008 loss of 1 billion euros, ousted its chief executive and cut 7,000 jobs, but news the Dutch government was guaranteeing assets on more generous terms than expected ...[more] |
| Barclays says not seeking capital after $11 billion hit ) is not seeking capital from private investors or the state as it remains profitable and can absorb a 2008 writedown of 8 billion pounds, the British bank said on Monday, sending its shares soarin ...[more] |
| Leading index up first time since June: Conference Board "As we move into the new year, the big question is whether conditions will worsen further," said the research group's economist Ken Goldstein in a statement on Monday. "The Conference Board's ...[more] |
| U.S. business climate worst in 27 years The National Association of Business Economics' (NABE) quarterly industry poll found that the economic slump worsened in the fourth quarter and the majority of respondents expected gross dome ...[more] |
| Senate panel backs $522 billion package for stimulus The measure will be combined with a $365.6 billion spending package passed by the Senate Appropriations Committee before the entire legislation, costing a total of about $887 billion, will be ...[more] |
| Obama says tough decisions soon on Iraq, Afghan wars Obama, who is weighing accelerating the withdrawal of troops from Iraq and boosting U.S. forces in Afghanistan, was speaking during his first visit to the Pentagon as president. "We a ...[more] |
| FACTBOX: Adding up GDP boost from stimulus A paper co-authored by Christina Romer, the head of President Barack Obama's Council of Economic Advisers, concluded that a big stimulus package would add 3.7 percent to U.S. gross domestic p ...[more] |
| $825 billion stimulus may not buy healthy 2009 The best hope for President Barack Obama's stimulus package is that it puts a floor under job losses and sets up a stronger 2010 recovery. It appears to be too late to salvage any semblance o ...[more] |
| Obama says optimistic on backing for stimulus plan "We had a very constructive meeting with the House members," Obama told reporters after sitting down with House of Representatives' Republicans. "I recognize that we're not going to g ...[more] |
| Obama says respects differences on stimulus plan "The key right now is to make sure that we keep politics to a minimum," he told reporters after meeting Congressional Republicans. "There are some legitimate philosophical differences ...[more] |
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