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Angry Laid-Off Workers Occupy Factory In Chicago

Posted: 12/07/2008 - Workers who got three days' notice that their factory was shutting its doors have occupied the building and say they won't go home without assurances they'll get severance and vacation pay.

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Workers Recall The Moment They Became Jobless

Updated: 12/06/2008 - Some were called in by the boss and told to close the door behind them. Others received a brisk and impersonal phone call from a manager. Another was asked to come in on his day off to talk about "some people issues."

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Obama Campaign Mulls What To Do With $30M Surplus

Posted: 12/06/2008 - Democrats carrying significant campaign debt after winning a string of House and Senate races are grumbling about President-elect Barack Obama's financial reserves, saying the party's leader is sitting on a pile of cash while Democratic leaders are broke.

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Congress, White House Seek Auto Bailout Compromise

Posted: 12/06/2008 - Amid fresh assembly line layoffs, congressional Democrats and the White House groped for a compromise Friday on bailout billions for the beleaguered auto industry.

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Secret Santas In 3 States Spread Cheer, $100 Bills

Posted: 12/06/2008 - At a suburban Goodwill store on Friday, Theresa Settles selected a large, black comforter to warm her family until she can raise the money to turn the gas heat back on.

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Could Gas Fall Below $1 A Gallon?

Posted: 12/05/2008 - The continuing decline in prices is so dramatic that it is raising the prospect that gas prices could soon fall below $1 a gallon

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Auto Bailout Could Be Tied To Gov't-Run Overhaul

Posted: 12/05/2008 - The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.

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Obama Stimulus: Campaign Hits $745 Million Haul

Posted: 12/05/2008 - Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.

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UK's Brown To Press Banks To Cut Interest Rates

Posted: 12/05/2008 - British Prime Minister Gordon Brown said Friday he will be pressing bankers to pass on lower interest rates to consumers after the Bank of England moved to reduce its key lending rate to the lowest level since 1951.

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AP IMPACT: Some Bailout Holdings Down $9 Billion

Posted: 12/05/2008 - Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis.

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AT&T To Cut 12,000 Jobs, 4 Percent Of Staff

Posted: 12/05/2008 - Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force.

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Oil Falls To 3-Year Low At $46 On Weak Economy

Posted: 12/04/2008 - Oil prices sank to 3-year lows Thursday in Asia as more bleak news from the world's largest economy signaled that crude could tumble below $40 by the end of the year.

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$42 Million For Elephants

Posted: 12/03/2008 - California's budget is at critical mass, so why is the state spending millions on an elephant enclosure?

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Bank Of America Jobs Cuts Could Be Severe

Posted: 12/02/2008 - Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC.

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Big Three Automakers To Submit Plans To Congress

Posted: 12/02/2008 - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive.

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Stocks Fall Sharply On Consumer Spending Worries

Updated: 12/01/2008 - The Dow Jones industrial average fell 679 points, wiping out more than half the 1,276 points it added during a five-day rally built on investors' budding optimism about the economy.

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Experts: U.S. In Recession

Updated: 12/01/2008 - Most of us have know this for a while, but now a team of economists say the country has been in a recession for the past year.

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Co-Founder Of NC-Based Lender Attacked

Posted: 11/30/2008 - A co-founder of the community development lender Self-Help Credit Union was attacked by several men leaving his office in downtown Durham.

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