#1 Fresh Live Leads : EST 2006
Reuters - A government “car czar” would oversee any bailout of U.S. automakers under proposed terms being negotiated by the White House and Congress for extending up to $17 billion in emergency loans that mainly aim to spare General Motors Corp and Chrysler LLC from bankruptcy.
Reuters - The combination of recession and efforts to jump-start economies can be an investment headache.
AP - It took five mighty shocks to get Cynthia Crawford’s heart to start beating again after she collapsed at Ochsner Clinic a few weeks ago.
AP - The first NFL game broadcast to theaters live in 3-D fumbled, then recovered Thursday night.
AP - Economic meltdown and financial crisis are not phrases you want to hear as you ponder your holiday shopping. But it is possible to find tech-related gifts on a recession-minded budget, be they handy, entertaining or irreverent.
Reuters - Congressional Democrats and the White House have reached agreement on emergency aid for U.S. automakers of between $15 billion and $17 billion, two senior congressional aides said on Friday.
AP - Microsoft Corp. on Thursday tapped a former Yahoo search executive to lead its online push, adding to the intrigue surrounding a possible search partnership between the two rivals.
Reuters - Stocks jumped on Friday as investors bet that a steep drop in oil prices will boost consumer spending, lifting retail stocks and offsetting government data showing half a million jobs were lost in November.
Reuters - U.S. employers axed 533,000 jobs from payrolls in November, the most in 34 years, as the year-old recession hammered the economy and hardened calls for dramatic government action to restore growth.
Reuters - Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday.
Reuters - Extending Friday’s rally into next week is a tall order for U.S. stocks, given more data set to show the job market and retail sector are in deep distress and little hope for a respite from dismal corporate outlooks.
AP - In broadcasting the world’s first live 3-D football game to theaters in Los Angeles, New York and Boston on Thursday evening, the NFL promises an “up close, personal, visceral” experience that could open a new revenue stream for the league.
AP - Fidelity Investments is joining the rush to satisfy investors’ growing appetite for news about financial market turmoil.
Reuters - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions.
Reuters - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.
Reuters - Swiss bank Credit Suisse said on Thursday it was cutting another 5,300 jobs, as it revealed it made a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November.
Reuters - Costco Wholesale Corp on Thursday said its November sales fell 3 percent to $5.55 billion.
Reuters - Oil fell below $46 a barrel to its lowest in nearly four years on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks.
Richmond Federal Reserve Bank President Jeffrey Lacker said a dramatic increase in Fed lending could destabilize the U.S. financial system. Delivering remarks to a panel discussion on the economic outlook, Lacker said central bank lending can distort…(read more)
Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the mortgage crisis . Delivering remarks on the topic of the Community Reinvestment Act (CRA) and the mortgage crisis, Kroszner said mortgages…(read more)
Neighborhoods across Manhattan saw condo prices slide in September compared to a year ago, with the steepest drop seen in the financial district, where prices fell 16.1%, according to a report from Radar Logic. The RPX monthly Manhattan Neighborhoods…(read more)
Weekly mortgage applications in the United States increased sharply in the week ending Nov. 28, according to data released from the Mortgage Bankers Association (MBA) on Wednesday, which reported a 112.1% week-over-week rise in applications. In the previous…(read more)
AP - What does a teenage brain on Google look like? Do all those hours spent online rewire the circuitry? Could these kids even relate better to emoticons than to real people? These sound like concerns from worried parents. But they’re coming from brain scientists.
Reuters - Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks.
Reuters - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.
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