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Progress Made In Bailout Plan For Big 3 Automakers

Posted: 12/08/2008 - A White House spokeswoman says it is "very likely" that the Bush administration could reach a deal with Congress on Monday to get emergency aid to failing U.S. automakers.

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Vail Resorts Will Lay Off About 50 Workers

Posted: 12/07/2008 - Vail Resorts plans to lay off about 50 workers and eliminate nearly 100 vacant positions following a significant drop in advance bookings.

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Bush: Any Aid To Automakers Must Be Paid Back

Posted: 12/05/2008 - Bush spoke to reporters Friday on the South Lawn not long after the release of a government report showing a big jump in the unemployment rate.

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Stock Futures Extend Decline After Jobs Report

Posted: 12/05/2008 - The Labor Department said Friday employers cut 533,000 more jobs in November -- the most since 1974. Analysts were expecting 320,000 job cuts. The unemployment rate is up to 6.7 percent from 6.5 percent in October.

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Bernanke: More Action Needed To Cut Foreclosures

Posted: 12/04/2008 - Federal Reserve Chairman Ben Bernanke is calling on the government to ramp up efforts to stem home foreclosures that are feeding into the country's deep economic troubles.

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Xcel Seeks Increase In Renewable-Energy Fee

Posted: 12/02/2008 - Xcel Energy has asked regulators to increase the amount it can charge consumers to help recover the cost of renewable-energy generation.

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Paulson And China's Dollar

Posted: 12/02/2008 - Treasury Secretary Henry Paulson says China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the United States.

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Frontier Reports October Net Loss Of $20.5M

Posted: 12/01/2008 - Frontier Airlines Holdings Inc. has reported a net loss of $20.5 million for October as the company works to emerge from bankruptcy protection, citing large losses stemming from fuel hedging activities and reorganization.

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U.S. Officially In Recession

Posted: 12/01/2008 - A private group says the U.S. economy has been in a recession since December of last year.

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Dollar Falls, Gold Rises In Europe

Posted: 11/28/2008 - The U.S. dollar was lower against other major currencies in European trading Thursday morning. Gold rose.

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GM Looks To Sell Real Estate In England

Posted: 11/28/2008 - General Motors Corp. is looking at selling and leasing back some of its non-manfacturing operations in Europe in an effort to raise cash.

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Meltdown Far From Over, New Mortgage Crisis Looms

Posted: 11/28/2008 - Malls from Michigan to Georgia are entering foreclosure, victims of the same crisis that's affected the housing market. Hotels in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages. That pace is expected to quicken.

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World Markets Advance After Wall Street Rally

Posted: 11/27/2008 - Bank stocks across Europe were doing particularly well, while heavyweight energy stocks firmed following Wednesday's 8 percent rally in the price of oil.

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Dow, S&P 500 Clinch 4th Straight Winning Session

Posted: 11/26/2008 - Wall Street has accomplished a feat that seemed impossible just a week ago, rallying and propelling the Dow Jones industrial average and Standard & Poor's 500 index to their fourth straight winning sessions. Investors' growing confidence in the nation's financial system fed this latest advance.

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Dow, S&P 500 Clinch 4th Straight Winning Session

Posted: 11/26/2008 - Wall Street has accomplished a feat that seemed impossible just a week ago, rallying and propelling the Dow Jones industrial average and Standard & Poor's 500 index to their fourth straight winning sessions.

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