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Reuters: Business News
  • Asian shares gain after central banks slash rates
    HONG KONG (Reuters) - Asian shares rose on Friday following record rate cuts by central banks in Europe, though risk aversion remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data.
  • Big U.S. job losses likely to spur more rate cuts
    NEW YORK/HONG KONG (Reuters) - A report on Friday expected to show the biggest monthly U.S. jobs loss in 26 years is set to pile more pressure on the Federal Reserve to slash rates again and add urgency to an automaker bailout as the global economic crisis deepens.
  • Senators grill auto CEOs, GM-Chrysler deal eyed
    WASHINGTON (Reuters) - The chief executives of General Motors Corp and Chrysler LLC said they would consider restarting merger talks if needed to win their slice of up to $34 billion in emergency U.S. government aid.
  • Fed officials say not running out of policy tools
    DEARBORN, Michigan (Reuters) - The year-long U.S. recession has taken a turn for the worse recently, two top Federal Reserve policy-makers said on Thursday, raising expectations for aggressive policy action by the central bank as soon as next week.
  • Facebook delays plan on employee stock sale: report
    (Reuters) - Social networking company Facebook is delaying a previously announced plan to let employees sell part of their stocks, due to difficult global economy, the Wall Street Journal said.

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Fri, Dec 5th, 2008, @8:00pm
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