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Oil under $45 as global economy falters

Thursday, December 4th, 2008

Oil prices dipped below the $45 mark Thursday as concern about the economies of Europe and the United States continued to weigh on energy demand.

Stocks dip after two-day rally

Thursday, December 4th, 2008

Stocks slipped Thursday afternoon as a rash of job cuts at major companies and weak November retail sales gave investors a reason to retreat after two up sessions.

Bernanke: More foreclosure help needed

Thursday, December 4th, 2008

Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures.

Big Three plead for $34 billion from Congress

Thursday, December 4th, 2008

The CEOs of the leading automakers were back before Congress Thursday, arguing for a larger bailout than they asked for just two weeks ago, and hoping to undo the damage they did to their case at the earlier hearings.

Factory orders decline in October

Thursday, December 4th, 2008

New factory orders fell in October for the third straight month, the government announced Thursday, with the decline exceeding economists’ expectations.

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