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Reuters - The Federal Reserve has ample tools to use to stimulate the economy even with interest rates nearing zero, the head of the St. Louis Federal Reserve Bank said on Tuesday.
Reuters - Tiffany & Co offered voluntary retirement incentives to about 800 U.S. employees as part of planned job cuts as the upscale jeweler grapples with the economic downturn.
AP - Sgt. Ryan Nyhus spent 14 months patrolling the deadly streets of Baghdad, where five members of his platoon were shot and one died. As bad as that was, he would rather go back there than take his chances in this brutal job market.
Reuters - U.S. credit card write-offs will continue to increase in 2009, tracking roughly with the rising unemployment rate, the top executive at Discover Financial Services said on Tuesday.
Reuters - Delta Air Lines , which downsized and bought a rival carrier this year, said on Tuesday it would trim 6 percent to 8 percent of its capacity in 2009 as travel demand wanes.
Reuters - General Motors Corp reported a 41 percent drop in overall U.S. sales for November, saying continued economic uncertainty was hurting consumer confidence.
AP - Brazilian industrial production fell in October as the global financial meltdown sent shock waves through Latin America's largest economy, the government said Tuesday.
Reuters - General Electric Co plans to scale back its hefty finance arm and cut jobs across its range of businesses as it braces for what it expects to be a worsening economic environment next year, executives said.
AFP - US Treasury Secretary Henry Paulson urged China Tuesday to keep its currency flexible and to wean itself from export-led growth in its bid to achieve "balanced" economic expansion despite global financial turmoil.
AFP - European and US stocks rose on Tuesday in a technical rebound after very heavy losses the previous day as concerns mounted that the global economy faces a long and painful recession.
AP - Treasury Secretary Henry Paulson said Tuesday that China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the United States.
Reuters - U.S. state governors urged President-elect Barack Obama on Tuesday to pump money into infrastructure and help support the poor as a sinking economy hits state budgets hard.
Reuters - Sears Holdings Corp reported a wider-than-expected quarterly loss on Tuesday as the weak economy hurt sales, but announced that it was closing underperforming stores and its shares rose 16 percent.
AFP - Delta Air Lines, the new number-one US airline, said Tuesday it would reduce capacity by six to eight percent next year to cope with the global economic slowdown and falling passenger demand.
AFP - Governors of more than 40 cash-strapped US states Tuesday pressed president-elect Barack Obama for a hefty helping of his planned multi-billion dollar economic kick-start plan.
AFP - The global economic crisis swept on to another watershed on Tuesday with EU ministers targeting a huge spending boost, stocks gyrating, the US in recession and central banks looking for new rescue routes.
AP - European Union finance ministers on Tuesday endorsed a public spending plan that would pump euro200 billion ($252 billion) over two years to boost an economy that has fallen into recession.
Reuters - U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy.
AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.
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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...