Dow slides 680 points on gloomy global economy
Last Update: 12/1/2008 4:42:00 PM
Energy and financial stocks pace a sharp drop in U.S. equity prices, as economic reports from around the world compound anxiety about a global recession.
$INDU,  $SPX,  UST10Y,  AA,  CAT,  GE,  CVX,  XOM,  C,  BAC,  JPM,  GM,  F,  COMP,  YHOO,  MSFT,  MNT,  JNJ,  SHLD,  SPLS,  JAS,  ARO,  GES,  WSM

Auto execs prepare for second run at Washington
Last Update: 12/1/2008 5:12:00 PM
Domestic automakers over the weekend were putting the finishing touches on turnaround plans that they will present to Congress in hopes of securing $25 billion in emergency loans to help them survive the current economic crisis.
GM,  F

Recession began a year ago, economists say
Last Update: 12/1/2008 2:36:00 PM
The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research say.

Bernanke says Fed still has arrows in quiver
Last Update: 12/1/2008 1:58:00 PM
The Federal Reserve has lowered interest rates just about as far as they can go, but the U.S. central bank still has plenty of available firepower it could deploy to restore financial markets to normal, Fed Chairman Ben Bernanke says.

Oil drops over 9% as OPEC keeps output on hold
Last Update: 12/1/2008 4:20:00 PM
Oil futures tumble more than 9%, coming under heavy selling pressure after OPEC left current output targets unchanged and in the face of weak economic data from around the world.
CRB,  DJIA