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Paulson said weighing bailout's next $350 billion (Reuters)

03-12-2008 15:45

Treasury Secretary Henry Paulson speaks at a news conference at the Treasury Department in Washington, November 25, 2008. (Jason Reed/Reuters)Reuters - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday.

"Bottom's been made" in stocks: Legg Mason's Miller (Reuters)

03-12-2008 15:16

Reuters - Legg Mason's Bill Miller, a celebrated investor whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities.

Cyber Monday spending rises 15 percent: comScore (Reuters)

03-12-2008 15:14

Reuters - Online retail spending rose 15 percent on the all-important Monday after Thanksgiving from a year earlier, sounding a positive note in an otherwise bleak holiday season.

Private jobs, services slump show recession toll (Reuters)

03-12-2008 14:54

A man walks past a store advertising a sale, on 'Black Friday' in Fairfax, Virginia, November 28, 2008. (Larry Downing/Reuters)Reuters - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.

All options on table as Congress reviews autos bailout (Reuters)

03-12-2008 14:51

An employee works on a 2009 Ford F-150 on the assembly line at Ford's Kansas City Assembly Plant in Claycomo, Missouri, October 2, 2008. (Sam VarnHagen/Ford/Handout/Reuters)Reuters - All options were on the table on Wednesday as congressional committees scrutinized auto company restructuring proposals and an urgent appeal for $34 billion in aid ahead of make-or-break hearings.

Wall Street slips as energy stocks decline (Reuters)

03-12-2008 14:18

Trading specialists work on the floor of the New York Stock Exchange, December 3, 2008. (Chip East/Reuters)Reuters - Stocks stumbled on Wednesday. driven down by energy companies as investors grappled with more dismal data and gloomy outlooks from global heavyweights, including Freeport-McMoRan Copper & Gold Inc .

Investors accuse Citi execs of "suspicious" trades (Reuters)

03-12-2008 13:25

Pedestrians walk past a Citibank branch in Singapore in this November 18, 2008 file photo. An investor lawsuit contends that Citigroup insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health. (Vivek Prakash/Reuters)Reuters - An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health.

UAW to suspend jobs bank, rework healthcare trust (Reuters)

03-12-2008 13:17

United Auto Workers (UAW) President Ron Gettelfinger (L) and General Motors CEO Richard Wagoner talk before the start of a hearing about the automotive industry held by the House Financial Services Committee on Capitol Hill in Washington November 19, 2008. (Kevin Lamarque/Reuters)Reuters - United Auto Workers President Ron Gettelfinger said Wednesday the union would surrender job security protections and delay payments into a historic retiree healthcare trust in concessions intended to help U.S. automakers clinch government aid to survive a sales downturn.

EU businesses: states should buy company debt (AP)

03-12-2008 12:50

AP - European Union businesses called on EU governments Wednesday to buy up company debt to ease financing and help prevent bankruptcies as the economy shrinks.

RIM cuts outlook, held back by slower U.S. economy (Reuters)

03-12-2008 12:48

A new Blackberry Bold handset is seen during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - The weak U.S. economy has finally caught up with Research In Motion, forcing the maker of the BlackBerry smartphone to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue.

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