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Rss Directory > News > Economy & Business > Yahoo! News: Most Recommended Business


Yahoo! News
Most Recommended Business
Copyright: Copyright (c) 2008 Yahoo! Inc. All rights reserved.

General Motors employee Terry Murphy, left, carries a sign as he and others demonstrate outside U.S. Sen. John Cornyn's, R-Texas, office in Dallas, Wednesday, Dec. 3, 2008. (AP Photo/Donna McWilliam)AP - Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.


In this Feb. 10, 2006 file photograph released by MGA Entertainment, 'Feelin' Pretty' Bratz dolls are seen. The maker of Barbie dolls is taking the next step in its lengthy quest to sweep the rival Bratz line from toy store shelves after winning $100 million in a copyright infringement lawsuit earlier this year. Attorneys for Mattel Inc., the world's largest toy maker, are scheduled to appear before U.S. District Judge Stephen Larson on Monday and ask him to ban competitor MGA Entertainment Inc. from making the pouty-lipped Bratz dolls. They also want all Bratz products impounded and destroyed. (AP Photo/MGA Entertainment, File)Reuters - A federal judge in California on Wednesday ordered MGA Entertainment Inc to stop selling its popular Bratz dolls and banned it from using the Bratz name, finding that "hundreds" of Bratz products infringe on copyrights owned by rival toymaker Mattel Inc .


  Thu, 04 Dec 2008 17:49:57 +0100

Norwegian Minister for Foreign Affairs, Jonas Gahr Stoere, right, welcomes the Afghan cluster bomb survivor Soraj Ghulam Habib,  to the dinner in honor of the signing conference on the Convention On Cluster munition at Akershus Castle in Oslo, Wednesday, Dec. 3, 2008. An Afghan teenager who lost both legs in a cluster bomb explosion helped persuade his country to change its stance and join nearly 100 nations in signing a treaty Wednesday banning the disputed weapons. Afghanistan was initially reluctant to join the pact which the United States and Russia have refused to support but agreed to after lobbying by victims maimed by cluster munitions, including 17-year-old Soraj Ghulan Habib. (AP Photo/Heiko Junge, SCANPIX)AP - Ninety-three countries signed a treaty banning cluster bombs Thursday, as diplomats accepted the wishes of victims who begged them to bar the weapons that kill and maim civilians long after the conflicts end.


In thgis Nov. 18, 2008 file photo, Paul Nawrocki, from Beacon, N.Y., wears a sign as he looks for work near the David Letterman studios in New York. The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.  (AP Photo/Bebeto Matthews, File)AP - It's official. The U.S. economy has been in a recession for the past year.


Amy Vollmar, 43, from Bowling Green, Ohio, a worker for Chrysler for the past 24 years, listens during a Chrysler rally at the Jeep plant in Toledo, Ohio, Wednesday, Dec. 3, 2008.    (AP Photo/Madalyn Ruggiero)AP - The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34 billion in government loans.


Alan Mulally, president and CEO of Ford Motor Company, testifies before the Senate Banking, Housing and Urban Affairs in a hearing on 'Examining the State of the Domestic Automobile Industry,' on Capitol Hill, November 18, 2008. (Molly Riley/Reuters)AP - Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers this week to request $25 billion in government loans. Ford CEO Alan Mulally said he'll work for $1 per year if the company has to take any government loan money.


Alex Silverman of Great Neck, NY, who lost his job 14 months ago at WaMu Capital Corp. speaks with recruiter Julia Kaufmann-Yu of High Impact Coaching at the Wall Street Pink Slip Party for Wall Street job seekers and recruiters at the Public House New York Tuesday, Nov. 11, 2008 in New York. (AP Photo/Craig Ruttle)AP - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.


In this Sept. 30, 2008 file photo provided by AT&T Inc., Randall Stephenson, president, chief executive officer and chairman of AT&T Inc., speaks to employees at AT&T's new broadband technical support call center in Goldsboro, N.C. AT&T said Thursday, Dec. 4, 2008, it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn. (AP Photo/AT&T Inc., Jim R. Bounds, File)AP - Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force.


AP - The always flamboyant and well-dressed mayor of Alabama's largest city told federal investigators last year that he had big debts, in part from buying expensive attire, and he had a buddy who simply helped him pay off the bills.

Executive Secretary of the United Nations Framework Convention on Climate Change, Yvo de Boer, greets journalists as he arrives in a solar taxi to the U.N. Climate Change Conference in Poznan, Poland, Thursday, Dec 4, 2008.  The solar vehicle, built by Louis Palmer from Switzerland with the help of Swiss scientists and driven by Palmer has traveled around the world setting a world record of 52,000 km, or 32,300 miles through 38 countries using only solar energy. (AP Photo/Alik Keplicz)AP - If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder.


  Fri, 05 Dec 2008 15:35:03 +0100

A pressure-gauge on a gas pipeline near Kiev, Ukraine. Prime Minister Vladimir Putin has warned that Russia will cut natural gas supplies that transit through Ukraine to Europe if Kiev does not pay its bills or siphons gas meant for other customers.(AFP/Sergei Supinsky)AP - Oil prices plummeted Friday as the already battered market reacted to unexpectedly high U.S. unemployment figures — the latest dramatic evidence of recession in the world's largest market for crude.


The Yahoo! Newsroom - This week’s news that we’re now officially in a recession and have been for a year may come as no surprise to those of you who have been reading newspapers, watching TV, or had a conversation with another working American in the last few months.
  Fri, 05 Dec 2008 16:30:24 +0100

Traders work on the floor of the New York Stock Exchange December 5, 2008.  U.S. stocks fell sharply on Friday in response to a grim U.S. jobs report that sent bond prices higher in Europe and pushed the price of crude down to $42 a barrel as prospects for the world's economies darkened.    REUTERS/Shannon Stapleton (UNITED STATES)AP - News of a rapidly weakening job sent stocks falling Friday as investors feared that the recession will be deeper and more prolonged than many have expected. The major indexes were all down more than 2 percent and the Dow Jones industrials fell more than 200 points.


Lazaro Medardo, 68, a flower vendor, reads a newspapers in Havana, Monday, Dec. 1, 2008. Barack Obama will be the first American president in nearly 50 years to have a relatively free hand in deciding whether to ease punitive Cold War-era policies toward communist Cuba, and the foreign policy team he announced this week seems predisposed to make it happen. (AP Photo/Javier Galeano)AP - Barack Obama will be the first American president in nearly 50 years to have a relatively free hand in deciding whether to ease punitive Cold War-era policies toward communist Cuba, and the foreign policy team he announced this week seems predisposed to make it happen.


A shopper walks past mannequins on display at the Old Navy store in Rutland, Vt., Friday, Nov. 28, 2008. Retailers — with Wal-Mart the notable exception — limped through a miserable November that even a surge of shopping after Thanksgiving couldn't save, marking the weakest month since at least 1969 and deepening fears that the critical holiday period could be the most dismal in decades. (AP Photo/Toby Talbot)AP - Retailers who suffered through a miserable November — despite a surge in sales the day after Thanksgiving — are worried that the usual lull between the holiday weekend and the final days before Christmas could be dangerously quiet this year.


In this Sept. 26, 2008 file photo, a woman passes a branch entrance near the headquarters of Washington Mutual Inc., in downtown Seattle. WaMu, one of the nation's largest banks, was seized by the Federal Deposit Insurance Corp. Thursday, and then sold to JPMorgan Chase & Co. (AP Photo/Ted S. Warren, File)AP - JPMorgan Chase & Co. said Monday it will cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis.


Iran's President Mahmoud Ahmadinejad, gestures as he delivers a speech during the International Conference on Financing for Development in Doha, Qatar, Saturday, Nov. 29, 2008. (AP Photo/Hassan Ammar)AP - Iran's hard-line president has acknowledged publicly for the first time that his country's economy is taking a severe beating from tumbling oil prices, a damaging admission by a leader whose popularity is eroding ahead of a tough re-election battle next year.


Christopher Dodd (L), chairman of the Senate Banking Committee and Senator Richard Shelby listen to testimony from the leaders of the big Detroit automakers during hearing on a financial assistance package for the companies on Capitol Hill, December 4, 2008. (Joshua Roberts/Reuters)Reuters - The U.S. auto industry's drive for a $34 billion emergency taxpayer bailout was stuck in neutral on Friday as the chief executives of Detroit's Big Three began a second day of testimony on Capitol Hill.


A worker fills a car with fuel at a petrol station in Jammu December 5, 2008. (Amit Gupta/Reuters)Reuters - Oil fell toward $42 a barrel on Friday, sinking to its lowest level since January 2005, after a U.S. government report showed more than half a million Americans lost their jobs last month.


Interim Assistant Treasury Secretary Neel Kashkari addresses the Mortgage Bankers Association, Friday, Dec., 5, 2008, in Washington. (AP Photo/Lauren Victoria Burke)AP - Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.



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