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Congress extends jobless benefits, stocks sink Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off A

Congress extends jobless benefits through December Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off A

Waxman topples Dingell; House Dems go greener Democrats steered the House toward more aggressively tackling global warming and other environmental problems Thursday, toppling veteran Michigan Rep.

Stocks tumble for second day; Treasurys surge Stocks plunged for a second straight day Thursday, falling to a range not seen in more than five years as financial and energy stocks tumbled while demand for the safety of government debt spiked t

Stocks tumble to 5-year lows, led by financials Stocks have plunged again to levels not seen in more than five years as hopes fade that lawmakers will soon put together an aid package for U.S. automakers.

Citi shares sink despite Saudi prince's investment Citigroup Inc.

Fuld replacement named at Lehman A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday.

Stocks decline as hopes fade for immediate bailout Flip-flopping sentiment about the prospects for U.S. automakers battered stocks again Thursday as hopes rose then fell that lawmakers would soon put together an aid package for the companies.

Officials: Dems to demand business plan from Big 3 Congressional officials say Democratic leaders have decided to put off a bailout vote for the auto industry until December and will insist that the Big 3 first come up with a plan showing how the m

Credit market recovery slips on carmaker fears Investors flooded into government debt again on Thursday, sending Treasury yields to multiyear lows as ongoing worries about an auto industry collapse impede the credit markets' attempts at a recov

Auto aid effort collapses _ December reprieve? The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wo

Fuld replacement named at Lehman Brothers A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday.

New York Times Co. slashes dividend by 74 percent The New York Times Co. is slashing its quarterly dividend by 74 percent to preserve cash as the advertising slump worsens.

Fannie Mae, Freddie Mac halting foreclosures Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season.

Congress rushes to extend jobless benefits Jarred by new jobless alarms, Congress hurriedly approved legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off

Activists say tobacco settlement is being wasted In 2006, Alaska desperately needed cash to complete a museum featuring a mummified bison and other natural wonders of the frozen north.

Congress rushing to extend jobless benefits Jarred by new jobless alarms, Congress rushed Thursday toward keeping unemployment checks flowing through the December holidays and into the new year for Americans whose benefits are running out.

Dems are postponing crucial vote on auto bailout Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.

Paulson: crisis happens once or twice in 100 years Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a "once or twice" in a 100 years event, even as he warned Thursday against imposing too-strict regulation

Stocks pull off of losses on auto bailout hopes Hopes that lawmakers could extend relief to the troubled auto industry eased some of investors' worries about the economy Thursday.