| Senate stimulus plan: $885 billion
February 2, 2009 at 6:51 pm
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|  The stimulus plan before the Senate would increase the deficit over 10 years by $885 billion, according to a new analysis released on Monday by the Congressional Budget Office. |
| California delays $3.5B in payments
February 2, 2009 at 4:49 pm
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|  Running short of cash, California has started delaying $3.5 billion in payments to taxpayers, contractors, counties and social service agencies. |
| Lehman judge faces assault charges
February 2, 2009 at 4:34 pm
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|  Read full story for latest details. |
| Chrysler offers buyouts to all hourly workers
February 2, 2009 at 3:06 pm
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|  Chrysler LLC is offering buyouts to all of its remaining U.S. hourly workers in its latest effort to cut costs and provide an exit for workers who are increasingly nervous about staying with the troubled automaker. |
| Morgan Stanley plans to cut 1,880 jobs
February 2, 2009 at 2:54 pm
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|  Read full story for latest details. |
| Macy's cutting 7,000 jobs
February 2, 2009 at 2:52 pm
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|  Macy's Inc. said Monday that it's cutting 7,000 jobs - including 5,100 in its stores - and centralizing some its corporate operations in an effort to reduce costs amid an increasingly difficult retail environment. |
| Dollar mixed Monday
February 2, 2009 at 2:37 pm
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|  The dollar was mixed Monday against other major currencies in advance of monetary policy announcements from a number of central banks due out later in the week. |
| Stimulus: What you need to know
February 2, 2009 at 2:34 pm
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|  The House passed its $819 billion version of the economic stimulus package last week. Now it's the Senate's turn. |
| Banks loosen standards, but credit still tight
February 2, 2009 at 2:31 pm
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|  Credit continued to remain tight at the nation's banks in the final three months of 2008, according to a report published Monday by the Federal Reserve. But a smaller percentage of institutions toughened their lending standards. |
| MC Hammer's pain scores in Super Bowl ad
February 2, 2009 at 2:18 pm
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|  It's a telling sign of the times that one of the most popular commercials in last Sunday's Super Bowl was from an online pawn shop. |
| Stocks struggle
February 2, 2009 at 2:05 pm
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|  A tech advance boosted the Nasdaq Monday afternoon, but the broader market dragged as investors eyed a mix of economic news and some gridlock on the economic stimulus package. |
| Letting Dick Fuld off the hook
February 2, 2009 at 1:32 pm
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| It wasn't Dick Fuld's fault. No, not at all. How could anyone stop a financial tsunami? That's the audacious argument posed by Harvey Miller, lead bankruptcy attorney for the firm Weil Gotshal and advocate extraordinaire in mounting the first vigorous public defense of Dick Fuld, the widely discredited former CEO of Lehman Brothers. Miller effectively tries to absolve Fuld, his client, of any and all blame for the demise of the 158-year-old investment bank. |
| US Treasury set to lay out financial plan
February 2, 2009 at 1:01 pm
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|  Read full story for latest details. |
| Groundhog Day on Wall Street
February 2, 2009 at 12:47 pm
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| Punxsutawney Phil saw his shadow this morning. Does that mean another six weeks of horrific stock-market losses? The worst January for stocks in history is over. But so far, February is looking no different, with the Dow and S&P 500 each falling about 1% early Monday morning before recovering as the trading session wore on. |
| Obama's first law: The fight for fair pay
February 2, 2009 at 12:25 pm
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|  The issue of compensating your employees just got a bit trickier. |
| Wells Fargo paying $371.5 million to government
February 2, 2009 at 12:21 pm
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|  Wells Fargo wants taxpayers to know their investment is already paying dividends...literally. |
| Manufacturing shrinks again
February 2, 2009 at 11:46 am
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|  The nation's manufacturing activity contracted in January for its 12th straight month, but the rate of decline slowed, according to a Monday report. |
| Applied Materials warns of quarterly loss
February 2, 2009 at 11:39 am
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|  Read full story for latest details. |
| Supertech has met its match
February 2, 2009 at 11:21 am
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| In the 1970s microchips helped jump-start the economy. In the 1980s personal computers unleashed a wave of consumer and business spending. And in the 1990s the Internet gained steam just when the economy was at its bleakest, creating new companies, jobs, and investment opportunities. |
| Analyst face-off: Chevron
February 2, 2009 at 11:19 am
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|  With big oil stocks like Chevron holding their value after last year's market meltdown and crude prices dropping more than $100 a barrel from the summer, both long-term investors and short sellers are sniffing out opportunity. | |
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Consumers may have had an easier time getting car loans last month, but don't look for that to fuel a rebound in battered auto sales when automakers report their January sales Tuesday.
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Kroger - a grocery store chain with stores in 31 states - has issued a recall for foods made with peanut products, widening recalls related to the Peanut Corporation of America.
U.S. stocks appeared set to fall on the first trading day in February as economic gloom continued to batter sentiment.
It's not easy to make a buck in the banking business nowadays.
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