WASHINGTON - Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation's job climate is deteriorating at an alarming clip with no end in sight. ...more

February 6, 2009

The U.S. financial services industry is witnessing the bursting of yet another bubble. This time, it's the industry itself. ...more

December 20, 2008

Delivery company DHL, hit by heavy losses and fierce competition, is significantly reducing its air and ground operations in the United States and cutting 9,500 American jobs, leaving rivals like FedEx, UPS and the U.S. Postal Service to fight over the customers it will stop serving. ...more

November 11, 2008

The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more

October 7, 2008

President Hamid Karzai on Saturday strongly condemned a coalition airstrike that he said killed up to 95 Afghan civilians - including 50 children - in a village in western Afghanistan on Friday, and said his government would be announcing initiatives to prevent such heavy losses of civilian life. ...more

August 24, 2008

The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next. ...more

July 15, 2008

As predicted, state tax collections for the month of April were down - way down. ...more

May 22, 2008

Wall Street ended a frenetic January with a huge advance Thursday after investors set aside worries about bond insurers and grew more optimistic that the Federal Reserve's interest rate cuts will indeed help lift the economy. The Dow Jones industrials rose more than 200 points but had its worst January in eight years. ...more

February 1, 2008

The Supreme Court on Tuesday curbed the ability of investors who lost money through corporate fraud to sue businesses that may have helped facilitate the crime. ...more

January 16, 2008

Turkey sent hundreds of troops across the border into the frigid mountains of northern Iraq on Tuesday, claiming it inflicted heavy losses on Turkish Kurd rebels in the small-scale incursion and from air strikes two days earlier. ...more

December 19, 2007