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Yahoo Picks Tough-Talking Carol Bartz As New CEO

Posted: 01/14/2009 - It didn't take long for Carol Bartz, Yahoo Inc.'s new chief executive, to demonstrate that her style will differ dramatically from that of her predecessor — Jerry Yang, the genial, soft-spoken co-founder of the struggling Internet company.

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Stakes High In Bailout Vote For Obama, Democrats

Posted: 01/14/2009 - President-elect Barack Obama eventually will gain access to the second half of the $700 billion financial bailout fund — politics notwithstanding and more likely sooner than later.

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Losing Job For First Time A Painful Experience

Posted: 01/10/2009 - Behind the latest unemployment figures showing another 500,000-plus Americans lost their jobs is a sad truth: The deeper the recession becomes, the more it touches people whose livelihoods have never been threatened by dark financial times.

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Rifts Show As Obama Urges Quick Action On Stimulus

Posted: 01/09/2009 - Lawmakers are under orders to finish action on President-elect Barack Obama's nearly $800 billion economic recovery plan by mid-February. But already it is plain that a set of serious fissures need to be bridged if the bill is to be completed within five weeks.

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Most Asian Markets Fall Ahead Of US Jobs Report

Posted: 01/09/2009 - Most Asian stock markets fell Friday amid more corporate gloom and worries that a key U.S. jobs report could show recession in the world's largest economy is deepening.

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Reports: GM, Chrysler Bailout Deals Bar Strikes

Posted: 01/09/2009 - Newspaper reports say General Motors Corp. and Chrysler LLC would be in default of their multi-billion dollar federal bailouts if their workers go on strike and could be forced into bankruptcy.

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Stimulus Aside, Obama Vows Future Budget Restraint

Posted: 01/07/2009 - To a public wary of government spending, President-elect Barack Obama is offering a salve with his massive economic stimulus package: the promise of long-term fiscal discipline.

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Goodbye Goody's

Updated: 01/07/2009 - Goody's family clothing, which has ten stores in Eastern Carolina, will begin going-out-of-business sales as early as Friday.

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Madoff Scandal, SEC Role Under Scrutiny

Posted: 01/06/2009 - Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.

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World Markets Extend Gains, Nikkei Up 0.4 Percent

Posted: 01/06/2009 - Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade overnight in the U.S. and Europe amid growing optimism the world economy would start to recover later this year.

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Economic Crisis, Obama Response Face New Congress

Posted: 01/06/2009 - The Democratic-dominated Congress convenes Tuesday to confront perhaps the worst economic crisis since the Great Depression and to grapple with a hugely ambitious agenda set by President-elect Barack Obama.

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Toyota To Suspend Production For 11 Days In Japan

Posted: 01/06/2009 - Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand.

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Obama Says His Plan With Tax Cuts To Get Quick OK

Posted: 01/06/2009 - President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy was "bad and getting worse" and embracing tax cuts now expected to reach $300 billion.

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Fallout Begins After Dismal Holiday Season

Posted: 12/30/2008 - The fallout from the horrific holiday season for retailers has begun, with the operator of an online toy seller filing for bankruptcy protection and more stores expected to do the same — meaning more empty storefronts and fewer brands on store shelves.

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Amazon: 2008 Is Our Best Holiday Season Ever

Posted: 12/26/2008 - Online retailer Inc. called this holiday season its "best ever," saying Friday that it saw a 17 percent increase in orders on its busiest day.

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