Business
Pound hits new low against euro
Eurozone set for steep rate cut
Big, Small Homebuilders Feeling Housing Pinch
Small and mid-sized homebuilders are going out of business while large companies are cutting back. The industry wants any federal stimulus package to include new incentives for homebuyers. But analysts believe the industry won't begin to rebound until there are fewer homebuilders, less inventory and the passage of time.
Chrysler No Stranger To Bailouts
The heads of the big three U.S. car companies are back on Capitol Hill Thursday, trying to convince Congress to give them billions in loans so they can avoid bankrupty. For some at Chrysler, there might be a sense of deja vu. Paul Eistenstein, who covers the car industry for the independent news service, The Detroit Bureau, talks to Renee Montagne about the first time Chrysler was bailed out in the 80s.
12/03/08 Marketplace
Oil falls on poor economic data
German car downturn 'worst ever'
Recession Could Thin Auto Dealer Ranks
Domestic auto dealers face their worst market in decades. Thousands could go out of business, but that's not necessarily all bad. The domestic auto industry suffers from overcapacity. Detroit's Big Three would like to thin dealerships, but can't because of state franchise laws and contracts.
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Congress Eyes Big Three Automakers' Plans
Detroit's top auto executives have ditched their corporate jets for hybrid cars and replaced vague pleas for federal help with detailed requests for as much as $34 billion in their second crack at persuading Congress to throw their struggling companies a lifeline.
Foreclosure Crisis Leaves HOA Dues Unpaid
Homeowners associations across the country are being hit hard by the foreclosure crisis. Millions of dollars worth of monthly dues are going unpaid. Neighbors are left to pick up the tab — if they can.
Eurozone retail sales slump 2.1%
Infineon posts another large loss
12/02/08 Marketplace
US carmakers demand $34bn
Immigration Experts Predict Fewer Workplace Raids
As the Obama administration takes shape, many experts are betting it will significantly curtail one of the most visible and controversial facets of the Bush administration's immigration crackdown: the high-profile workplace raids in which federal agents arrest dozens, even hundreds, of undocumented workers.
Shipping Ports Feel Economic Downturn Firsthand
The twin Ports of Los Angeles and Long Beach are the busiest in the nation. But as the economy has declined, so have imports. The repercussions are being felt throughout Southern California, and the people who work the docks and warehouses are being affected.
Automakers Reporting Back To Congress
Executives from Detroit's Big Three carmakers are back on Capitol Hill this week to make a new pitch for $25 billion in federal loans. The executives were grilled during their first visit and have retooled their pitches.
Producer prices fall in eurozone
Economists: U.S. In Recession For 1 Year Already
The U.S. economy is in a recession. The National Bureau of Economic Research, which tracks economic cycles, says the downturn began last December. Many economists believe it'll be the most severe since the 1981-82 recession. David Wessel of The Wall Street Journal talks with Steve Inskeep about the economy.
