Asia stocks at 5-year low (Reuters)
posted on November 21, 2008 12:54:56 am

Reuters - Waves of selling in world stock markets crashed into Asia on Friday, with gains from the region's 5-year bull run now erased as a global recession tightened its grip, and investors sought refuge in government bonds and cash.

Democrats demand U.S. Big 3 offer survival plan (Reuters)
posted on November 21, 2008 12:15:36 am

Reuters - Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion in loans.

Citigroup eyes options including merger (Reuters)
posted on November 20, 2008 10:02:36 pm

Reuters - Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.

Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)
posted on November 20, 2008 06:33:13 pm

Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.

Fed's Bullard: U.S. deflation an issue Fed must face (Reuters)
posted on November 20, 2008 11:37:19 pm
Reuters - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday.

GM, Ford shares soar on bailout optimism (Reuters)
posted on November 20, 2008 12:53:31 pm

Reuters - Shares of General Motors and Ford Motor Co soared on Thursday after a Senate Democratic aide said senators had reached agreement on a bipartisan auto aid deal.

Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)
posted on November 20, 2008 06:33:13 pm

Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.

British retailers discount to lure shoppers (AP)
posted on November 20, 2008 01:54:09 pm

AP - Britain's top retailers are hoping unusual pre-Christmas discounts can convince consumers to open their wallets during a holiday season that coincides with a looming recession.