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European shares move off lows
LONDON (MarketWatch) -- European shares moved off early lows on Tuesday, helped by gains from oil giants such as BP and a 6.5% rise for supermarket group Tesco . The U.K. FTSE 100 index declined 0.3% to 4,052.16, the French CAC-40 index dipped 0.4% to 3,067.79 while the German DAX 30 index rose 0.7% ... more »
MarketWatch.com  –  Dec 2, 2008 10:26 AM [GMT]  –  comment?
found in Business: Markets
US states to ask Obama for funds to fight recession
State governors today will press their case for federal help when they meet Barack Obama, the US president-elect, one day after official confirmation that the American economy is in recession.Governors from the 50 states are seeking at least $40bn (£27bn) to help pay for healthcare for the poor ... more »
The Guardian  –  Dec 2, 2008 09:36 AM [GMT]  –  comment?
found in World
Dow falls 680 points
NEW YORK . The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession. Not only did stocks end their five-day ... more »
Kentucky.com  –  Dec 2, 2008 07:35 AM [GMT]  –  comment?
found in Local: Kentucky: Lexington
Talk of recession sends Dow reeling
Recession. It's only a word but it was enough to send Wall Street reeling Monday, with the Dow Jones industrials plunging 680 points and wiping out more than half of last week's market gains.
San Gabriel Valley Tribune  –  Dec 2, 2008 07:08 AM [GMT]  –  comment?
found in Local: California: Los Angeles
Bush's Pardon
With economists officially labeling the current downturn a year-long recession and President Bush saying "I'm sorry" for the economic crisis, stocks ended their 5-day winning streak with a nearly 700-point plunge on the Dow Jones industrial average...
New York Post  –  Dec 2, 2008 06:34 AM [GMT]  –  comment?
found in Business
Thai court bans prime minister from politics for 5 years
HONG KONG (MarketWatch) -- Thailand's Constitutional Court Tuesday ordered Prime Minister Somchai Wongsawat's People Power Party to dissolve and banned the premier from political office for five years, according to a Dow Jones Newswire report. The court took the action after finding the pa ... more »
MarketWatch.com  –  Dec 2, 2008 05:51 AM [GMT]  –  comment?
found in Business: Markets
Stocks plunge on bad news
NEW YORK — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week’s big gains. All the major indicators fell mo ... more »
Times Leader  –  Dec 2, 2008 05:00 AM [GMT]  –  comment?
found in Local: Pennsylvania: Wilkes Barre-Scranton
Mark Hulbert: Will December break Dow's losing streak?
No doubt about it, December started out poorly, with the Dow Jones Industrial Average dropping 680 points, or 7.7%.
MarketWatch.com  –  Dec 2, 2008 04:27 AM [GMT]  –  comment?
found in Business
Oil falls to $50 as demand weakens
COLUMBUS, Ohio - Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
The Daily Advertiser  –  Dec 2, 2008 04:00 AM [GMT]  –  comment?
found in Local: Louisiana: Lafayette
Now that recession's official, what will stocks do?
There may be a silver lining to the Dow Jones industrials' nearly 700-point plunge Monday after a recession was officially ...
USA Today  –  Dec 2, 2008 02:42 AM [GMT]  –  comment?
found in Business