GM to extend holiday shutdown
DETROIT — General Motors Corp. will extend its holiday shutdown or make other production cuts at five factories as it deals with a continued U.S. auto sales slump and fights to stay solvent. »Story,
Stocks plunge on jobs report
NEW YORK — An alien degree of panic has gripped the stock market, sending share prices to new depths and leaving anxious investors afraid they will never be able to recoup their losses.
»Story,
Stores may see disappointing Black Friday sales
NEW YORK — After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers from Kohl's to Toys "R" Us are offering even bigger cuts and promotions for Black Friday in a frantic bid to pull in shoppers.
»Story,
Stocks open lower after jobless claims jump
NEW YORK — Fresh worries about widening unemployment are adding investors' list of concerns about the economy and are weighing on stocks in early trading.
»Story,
Paulson: crisis happens once or twice in 100 years
WASHINGTON — 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 regulations to prevent a repeat calamity.
»Story,
China's new status: No. 1 lender to U.S.
Chinese government owns nearly $1 out of every $10 in U.S. public debt
China passed Japan to become the U.S. government's largest foreign creditor in September, the Treasury Department announced this week, reflecting the dramatic expansion of Beijing's economic influence over the American economy.
»Story,
Dismal data trigger market free-fall
Dow off 5 percent as consumer prices collapse, housing falters
WASHINGTON — Businesses cut prices at a record rate and builders started fewer new homes last month than anytime on record, according to new government data, as the outlook for the economy continues to dim.
»Story,
Fed sharply lowers forecasts, hints of rate cut
WASHINGTON — The Federal Reserve on Wednesday sharply lowered its projection for economic activity this year and next, and signaled that additional interest rate reductions may be needed to help combat the worst financial crisis to jolt the country in more than a half-century.
»Story,
Miklo's Coffee House, owned and operated by Edwina Garcia and Russell "Miklo" Pack, has just celebrated its first year in business.
"We hit our one-year birthday at the start of November," Garcia said. "Our business has actually grown" over that time. "Part of it is that people are realizing we're here and part of it is that they want to support local businesses."
»More of this week's Business Beat
Realtors group to present housing plan to Congress
During the 2008 Realtors Conference, the board of directors of the National Association of Realtors affirmed a four-point legislation plan that will be presented to Congress to stimulate housing that included:
»More news in brief
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More from The Santa Fe New Mexican
Obama makes pitch for 2016 Chicago Olympics
ISTANBUL, Turkey — President-elect Barack Obama made a personal appeal Friday to bring the 2016 Summer Olympics to his home city of Chicago. »Story
The storyteller way
Tony Hillerman, who died of pulmonary failure in Albuquerque on Oct. 26 at the age of 83, was a man of parts and of words. Whenever and whatever he wrote, you knew you were in safe and clever hands. »Story
Reports: Richardson to get Commerce post
President-elect Barack Obama will name Gov. Bill Richardson as secretary of the Commerce Department, according to several national media reports. »Story
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