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AP - This holiday season, cash is in vogue again as consumers — maxed out on credit cards or trying to stick to a budget — are buying what they can actually pay for. Stores like J.C. Penney Co., Wal-Mart Stores Inc. and Target Corp. are noting a decline in credit card use as an overall form of payment, in favor of cash or debit cards.
AP - Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one.
Reuters - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.
Reuters - President-elect Barack Obama on Sunday prepared to announce his top economic team as he worked on a stimulus plan designed to lift the country out of its worst financial crisis in decades.
AFP - US president-elect Barack Obama was set to unveil his economic team amid the global financial crisis, his transition office said Sunday as a top advisor confirmed Timothy Geithner had been tapped for Treasury.
Reuters - Black Friday, the traditional start to the U.S. holiday shopping season, means more to retailers this year as they struggle to win over consumers with a recession looming.
AP - President-elect Barack Obama wants the new Congress to approve massive spending and fresh tax cuts in January, "a big number" probably far distancing a $175 billion campaign proposal, so he can sign it after taking office, top aides said Sunday.
Reuters - President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.
Reuters - President-elect Barack Obama will announce the members of his economic team at a news conference in Chicago at 11 a.m. CST (1700 GMT) Monday, his transition office said.
Reuters - Speaker of the U.S. House of Representatives Nancy Pelosi said on Sunday that Congress could put together an economic stimulus package of several hundred billion dollars that should also contain tax cuts.
Reuters - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.
Politico - President-elect Obama views his choice for Treasury secretary, New York Federal Reserve President Tim Geithner, as a reformer with experience in international crisis, a top aide said Sunday.
Reuters - An influential U.S. Senate Democrat said on Sunday a large economic stimulus package of up to $700 billion was needed to lift the American economy out of its current downturn.
AP - German Chancellor Angela Merkel urged companies Sunday not to slash jobs as a result of the global financial crisis, warning that businesses will not be able to rebound once the turmoil eases.
AFP - New York Federal Reserve president Timothy Geithner has been selected to become US Treasury Secretary amid the global financial crisis, a key advisor to president-elect Barack Obama said Sunday.
AFP - US president-elect Barack Obama Saturday announced plans to create 2.5 million new jobs as he forged ahead in his bid to shore up the flagging economy ahead of his January inauguration.
AP - President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said.
Reuters - President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to world markets
Reuters - Dutch Philips Electronics will lay-off 5 percent of its workforce at its Healthcare division as part of an accelerated cost-savings push sparked by the global economic slowdown.
AP - American investor George Soros said he would like to see Washington put $300 to $600 billion more into the $700 billion U.S. economic bailout package, the German magazine Der Spiegel reported in an advance of Monday's edition.
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Getting home equity bad credit loans are very popular lately. In many cases a person with debt problems may be tempted to...
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