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Schwarzenegger declares emergency   more similar news »
California Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency, calling for fast legislative action to alleviate the state's $11.2 billion shortfall in revenue.
Mon Dec 01, 2008
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Obama and governors to talk state aid   more similar news »
Plagued by rising unemployment, falling tax revenue and increased demand for state services, governors from across the country will meet with President-elect Barack Obama on Tuesday to press for federal money to ease their fiscal strain.
Mon Dec 01, 2008
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Chevron cleared of Nigeria abuses   more similar news »
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Mon Dec 01, 2008
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Dow plunges 680 points   more similar news »
Stocks got hammered Monday, as investors bailed out following confirmation that the U.S. is mired in a recession and indications that it's likely to continue for some time.
Mon Dec 01, 2008
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Bernanke: Economic weakness to continue   more similar news »
Federal Reserve Chairman Ben Bernanke said on Monday that the nation's economic weakness will persist for some time, even if the government's efforts to boost lending help restore the credit markets to normal.
Mon Dec 01, 2008
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It's official: Recession since Dec. '07   more similar news »
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .
Mon Dec 01, 2008
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Paulson: Feds to expand rescue   more similar news »
The federal government is reviewing applications from hundreds of banks seeking rescue funding and is "actively" developing new programs to right the nation's unsettled financial system, Treasury Secretary Henry Paulson said Monday.
Mon Dec 01, 2008
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JPMorgan Chase to cut 9,200 WaMu jobs   more similar news »
JPMorgan Chase said Monday it plans to lay off 9,200 employees at Washington Mutual, the failed savings and loan that the New York City-based banking giant bought in September.
Mon Dec 01, 2008
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Dollar mired in economic woes   more similar news »
The dollar gained against the euro and the British pound Monday after a slew of dismal economic reports and official word that the U.S. economy has been in a recession since December 2007.
Mon Dec 01, 2008
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N.Y. Fed begins new president search   more similar news »
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Mon Dec 01, 2008
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Ford may sell Volvo   more similar news »
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Mon Dec 01, 2008
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Trustee alleges brokers bribed fund manager   more similar news »
A lawsuit filed in the wake of the spectacular explosion of a once-sleepy cash management firm in the summer of 2007 is pointing to a corrupt business relationship between its head trader and some brokers as the basis for its collapse.
Mon Dec 01, 2008
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The case for Pfizer   more similar news »
At first glance, Pfizer seems more virile than ever. The pharmaceutical giant has a sector-leading $26 billion in cash, and its profits last quarter were triple the year before. Pfizer's portfolio includes household names such as Viagra, the famous blue impotency pill, and Lipitor, the anti-cholesterol drug that is the world's best-selling medication.
Mon Dec 01, 2008
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Pilgrim's Pride files for bankruptcy   more similar news »
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Mon Dec 01, 2008
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Construction spending drops 1.2%   more similar news »
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Mon Dec 01, 2008
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