(NATIONAL) -- Investors large and small felt much more pain yesterday as the Dow Jones industrial average fell almost 300 points in a global sell-off and closed below 7,000 for the first time since May 1997.
(DENVER, CO) -- It has been a brutal year for the print newspaper industry. Four owners of 33 U.S. daily newspapers have sought Chapter 11 bankruptcy protection in the past two and one half months and a number of other newspapers are up for sale.
(NATIONAL) -- As consumers and businesses ratcheted back spending the United States economy continued its free fall into a steep recession at a stunning 6.2 percent pace at the end of 2008, the worst showing in a quarter of a century.
(DETROIT, MI) -- General Motors Corporation, already on life support with over $13 Billion dollars in taxpayer money, reported a $9.6 Billion dollar 4th quarter 2008 loss amidst reports that CEO Rick Wagner will go back to the government well once again in an effort to obtain more cash in order to last through the year.
(WASHINGTON DC) -- In his first address to a joint session of the U.S. Congress since becoming President, Barack Obama reiterated the serious of the current economic crisis facing the U.S. but also fused into his speech a Ronald Reagan-like call to the American can-do spirit .