Stocks jump on report of Geithner nominationWall Street is ending a volatile week with an unexpected jolt of confidence following reports that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as
FDIC OKs backing for bank debt, depositsThe FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.
GM to extend holiday shutdown, will cut productionGeneral Motors Corp. will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.
US gas prices dip below $2 as oil prices waverThe national average price for gasoline tumbled below $2 a gallon Friday, its lowest point in more than three years, yet the global economic contrast between then and now could not be more stark.
Delta to trim future US, international capacityNine days after announcing new overseas routes for 2009, Delta Air Lines Inc., the world's biggest carrier, said in a regulatory filing Friday it plans to reduce future domestic and international c
GM to extend holiday shutdown, may cut productionGeneral Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.
AP source: Geithner likely Treasury pickPresident-elect Barack Obama is likely to name Tim Geithner, president of the New York Federal reserve, as Treasury Secretary in a time of intense economic turmoil as he rounds out the upper echelo
US gas prices dip below $2, lowest in 3-plus yearsOnly four months after peaking at an unheard of $4.11 a gallon, the national average price for gasoline tumbled below $2 Friday, its lowest point in more than three years.
Pentagon bans computer flash drivesThe Pentagon has banned, at least temporarily, the use of external computer flash drives because of a virus threat officials detected on Defense Department networks.
Citigroup's options dwindle as shares under $4Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company.
Interior Dept. takes action after scandalThe Interior Department has taken disciplinary action against more than a half dozen workers who accepted lavish gifts, partied and in some cased engaged in sex with employees from the energy compa
Islamists say they'll fight Somali piratesA radical Islamic group in Somalia said Friday it will fight the pirates holding a Saudi supertanker loaded with $100 million worth of crude oil.
Stocks show moderate decline after sell-offWall Street sagged again Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined.
Citigroup stock slides below $4 a shareCitigroup Inc. shares extended their precipitous slide Friday, after an initial lift from a report that said the banking giant was considering a sale to rebuild investor confidence.
Robber apologizes during Vt. general store holdupA thief who robbed a general store apologized to the owner and left the singles behind so workers on the next shift would have something in the till.
For toilet-less Vermont library, a new chapterWhen you gotta go, you gotta go. But for decades, when you had to go in the Roxbury Free Library, you really had to go—somewhere else, that is.
