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Breaking News

Senate majority leader Reid says plans to have some form of automaker legislation on Senate floor by Monday  4:48pm EST

Today on Reuters 

General Motors employees are reflected in a Cadillac logo before the start of a rally held to support federal aid to the U.S. auto industry at the GM Assembly Plant in Arlington, Texas November 18, 2008. REUTERS/Jessica Rinaldi

Auto turnaround plans 4:19pm ET

U.S. automakers on Capitol Hill offer up revamped plans to win support for a $25 billion bailout the industry says it needs to survive.  Full Article | Full Coverage 

GM asks for $18 billion to survive
Factbox: Where Washington stands
Factbox: Details of Ford's plans
Ford sales drop 31 percent
Blog: Senator, can you spare a dime?
General Motors employees are reflected in a Cadillac logo before the start of a rally held to support federal aid to the U.S. auto industry at the GM Assembly Plant in Arlington, Texas November 18, 2008. REUTERS/Jessica Rinaldi

Auto turnaround plans 4:19pm ET

U.S. automakers on Capitol Hill offer up revamped plans to win support for a $25 billion bailout the industry says it needs to survive.  Full Article | Full Coverage 

GM asks for $18 billion to survive
Factbox: Where Washington stands
Factbox: Details of Ford's plans
Ford sales drop 31 percent
Blog: Senator, can you spare a dime?
President-elect Barack Obama speaks as he presents his choices for his newly formed Economic Recovery Advisory Board during a news conference in Chicago November 26, 2008. REUTERS/John Gress (UNITED STATES)

CEOs could learn from "No Drama Obama" 3:10pm ET

If Barack Obama were a corporate chief executive, the incoming president already would be winning high marks for his management style, experts say.  Full Article 

Governors urge Obama to help poor
A path far from Bush unilateralism
Analysis: Clinton begins new chapter
Blog: Bill Clinton hails Hillary selection

after the bell

Traders work on the floor of the New York Stock Exchange, December 2, 2008.
Positive tone

Automakers submitted plans demanded by Congress that could net them a $25 billion bailout, spreading optimism in the markets.  Full Article 

media summit

Brian France, CEO of NASCAR, speaks at the Reuters Media Summit in New York, December 2, 2008. REUTERS/Brendan McDermid
Sponsorships threatened

The chief executive of NASCAR warns that the racing circuit has held discussions with some sponsors about either pulling back or withdrawing from their roles completely.  Full Article 

Full Coverage: Media Summit
John Kemp
Dollar demise much exaggerated
John Kemp

Perhaps the most surprising development over the last three months has been the surging value of the currency at the heart of the crisis. It is almost as if investors have responded to a fire alarm by running towards the source of the fire.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 45.83 -4.67% 02 Dec 2008 16:38 EST
Gold 780.8 +0.79% 02 Dec 2008 16:11 EST
Photo
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

Photo
The case for piracy

As far as illicit businesses with low risk and high rewards go, it doesn't get much better than piracy on the high seas. Columnist Bernd Debusmann examines why.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Pictures

View Slideshow 
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Funeral for Rabbi Holtzberg
4:23pm EST 
Rabbi Gavriel Holtzberg and his wife, Rivka, were among the five hostages killed at the Jewish center in the attacks on Mumbai.
More Pictures...

Video

Play Video Play VideoVideo 
Obama and the States

Dec. 2 - President-elect Obama offered his assurances to strapped state governors that help is on the way.  Play Video

 
Stones fly in Hebron clashes
Hostage bodies arrive in Israel
More Video...

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