Merkel Backpedals on Climate
German Chancellor Angela Merkel has long been on the front lines in the battle against climate change. But with the economy in a downturn, she may be changing her tune.
It used to be that when environmentalists looked to Berlin, they saw one of their closest allies in the fight against climate change. [...]
Stocks: More pain, more gains?
Stocks rallied toward the end of last week despite abysmal news on the economy. This week brings readings on housing, consumer spending and the trade gap.
The worst monthly jobs report in 34 years failed to send stocks lower late last week, begging the question of whether the market has finally found [...]
Obama reveals job-creation plan
Proposal centers on repairing infrastructure and boosting technology.
President-elect Barack Obama on Saturday revealed five parts of his plan to save or create 2.5 million jobs by 2011, and said he will push for immediate action by Congress when he takes office in January.
Obama wants to make public buildings more energy-efficient; repair roads [...]
U.S. Economy: Jobless Rolls Climb to 26-Year High
More Americans are collecting jobless benefits than at any time in the last 26 years as companies rush to cut costs in a sinking economy.
The number of people on unemployment benefit rolls rose to 4.09 million in the week ended Nov. 22, the most since December 1982, [...]
JPMorgan to cut 9,200 Washington Mutual jobs
JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on September 25 became the largest U.S. bank to fail.
Editing by Carol Bishopric, Phil Berlowitz
The cuts amount to more than 21 percent of the work force at Washington Mutual, [...]
Woolworths Near Collapse, Risking 30,000 U.K. Jobs
By Howard Mustoe
Nov. 27 (Bloomberg) — Woolworths Group Plc was left on the edge of failure and MFI Retail Ltd. collapsed, putting more than 30,000 U.K. jobs at risk, after the economy’s slide into a recession caused consumer spending to slump.
Woolworths, which opened its first shop in 1909, said [...]
German Auto Industry Facing the Abyss
More than 1.5 million workers in Germany depend on the automobile industry for their jobs. But that industry is now facing one of its worst crises ever. Respected giants BMW and Mercedes are particularly exposed as sales plummet.
By Dietmar Hawranek
It was time for Martin Winterkorn to relax. The exhausted chairman [...]
Obama economic plan aims for 2.5M new jobs by 2011
By WILL LESTER, Associated Press Writer
WASHINGTON
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