9:15pm: After a rocky stint as chief executive, company co-founder will return to former role as 'Chief Yahoo' once replacement is found. (more)
7:17pm: The second distribution under the $700 billion bailout brings the total dispersed to publicly-traded banks to $158.56 billion. (
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6:02pm: Auto giant in crisis mode says it will delay payments for rebates and sales incentives until Dec. 11. (
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4:51pm: 21 banks receive funding in second round of bailout. Payouts so far total $158.56 billion out of $700 billion allocation. (
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3:44pm: A partisan fight over the source of the money means help for Detroit's Big Three is unlikely for 2008. (
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3:10pm: Attorney general says the company's layoffs of 53,000 employees is "disturbing." (
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2:52pm: Employees start new careers by enrolling in specialized degree or certification programs. (
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2:40pm: With tighter budgets and layoffs looming for employers, analysts predict some holiday gifts will disappear. (
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2:23pm: Somali pirates seize the Saudi-owned vessel, one of the largest ships on the sea, off the Horn of Africa. (
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2:17pm: Airlines have been cutting capacity to save money, meaning crowded planes for holiday travelers, even though many are staying home this year. (
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2:10pm: Profit still slid more than 24% because of weak consumer spending and increasing economic uncertainty. (
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1:25pm: Crude ends below $55 a barrel Monday as the world's second-largest economy enters a recession, deepening fears that demand for oil will continue to sink. (
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12:56pm: U.S. currency slides against euro, pound, but gains against Japanese yen. (
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12:32pm: The move challenges many Mexicans' view of China as a rival in foreign investment and jobs. (
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12:31pm: Housing starts may hit a 60-year low and consumer price drops could spread deflation fears. Yet, some experts see signs of hope. (
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12:13pm: A decade ago the shoe giant was slammed as a sweatshop operator. Today it's taking responsibility to heart. Will it work? (
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11:51am: SEC charges Dallas Mavericks owner with insider trading related to sales of Mamma.com. (
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11:43am: A broad restructuring under the new chief executive will merge six of the company's stock mutual funds into larger funds. (
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11:09am: The average price of gasoline sank for the 61st consecutive day as the economy continues to drag down demand. (
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10:46am: The insurer is applying to become a savings and loan in order to qualify for $700 billion buyout. (
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10:37am: Wall Street slumps as talks about a possible GM bailout begin. (
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10:20am: Libor halts recent increase, but anxiety looms as confidence gauges rise and yield on 3-month Treasury falls near crisis level. (
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10:04am: After selling its secret sauce, then buying it back, a family business lays plans to go national. (
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9:49am: German officials set to discuss guarantees for Opel, the GM-owned European car company, as auto industry flounders with nearly a million jobs at stake. (
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9:28am: Manufacturing rises by highest amount in 9 years, bouncing off a dismal performance in the previous month, according to a Federal Reserve report. (
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8:44am: New York City-based bank unveils massive layoff plan -- the latest step by the embattled firm to slim down in response to the economic slowdown. (
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8:42am: Retailer says weak economy hurt its retail and credit card segments. (
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8:33am: Federal Reserve index of manufacturers at lowest level in its 7-year history. (
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8:05am: Banking giant UBS says it will stop making bonus payments to its top executive, penalize other leaders if the bank performs poorly. (
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7:00am: CNN survey shows Americans believe the Secretary of the Treasury will be the most important cabinet member in the new administration. (
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6:32am: Investors fret about Citi job cuts, weak economic data and Target results. (
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6:05am: Crude prices continue to slide as demand for petroleum products falls in the midst of an economic decline. (
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6:00am: Investor Daily: A balancing problem is causing a selloff in private equity - and providing opportunity for a little-known subset of investors. (
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4:53am: Fears keep markets in tight range. Japan, world's No. 2 economy, slides into recession. (
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3:53am: The debate over the fate of the U.S. auto industry starts with one question: What caused the crisis? And it ends with another: Bailout or bankruptcy? (
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3:49am: Should Congress bail out the Big Three? Here's what lawmakers are considering and what's at stake. (
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3:43am: Forecasters see anemic economic growth through 2009 as consumers retreat and unemployment rises. (
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