Economy News
- Stocks hope Santa can brighten dark year Reuters - 14 minutes ago
NEW YORK (Reuters) - Investors could do their holiday shopping on Wall Street next week as bargain-basement prices for stocks and optimism over efforts to fight the year-long recession may prompt a year-end rally.
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- California in fiscal emergency, governor eyes layoffs Reuters - 39 minutes ago
SAN FRANCISCO (Reuters) - California Gov. Arnold Schwarzenegger declared a fiscal emergency on Friday to call lawmakers into another special session to tackle the state's weakening finances, and separately ordered state officials to prepare to furlough and lay off employees to cut costs.
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- Obama planning 'bold' stimulus package, mum on amount AFP - 1 hour, 19 minutes ago
CHICAGO (AFP) - President-elect Barack Obama said a "bold" stimulus plan is needed to pull the US economy out of recession but would not provide a dollar amount for the package Friday.
