Jobless Claims Hit 26-Year High The Labor Department reported Thursday that the number of newly jobless workers seeking benefits rose last week to a seasonally adjusted 626,000, from the previous week's upwardly revised figure of 591,000. The latest total is far more than analysts' expectations of 583,000. ...more

February 6, 2009

The banks may need a bigger bailout. The government is mulling another multibillion-dollar aid package for Bank of America Corp., raising the possibility that much more taxpayer money will be needed to keep the banking industry from edging back toward the abyss. ...more

January 16, 2009

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. ...more

October 26, 2008

Shells Seafood Restaurants is seeking to give up its quest to stay open, asking a federal bankruptcy judge to allow it to liquidate its assets. ...more

September 24, 2008

Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points. ...more

January 12, 2008