Global slowdown may put U.S. in recession: Greenspan (Reuters)
Reuters - Former Federal Reserve Chairman Alan
Greenspan said on Thursday that a slowing global economy may
push the United States into recession, though it is not yet in
one.
Dow and S&P fall on Exxon and weak economic data (Reuters)
Reuters - Stocks fell on Thursday, led by Exxon
Mobil after its earnings fell short of Wall Street's
expectations and as disappointing economic data revived fears
of a U.S. recession.
Data quirk blamed for U.S. jobless claims spike (Reuters)
Reuters - A new law extending the number of
weeks unemployed U.S. workers can collect jobless benefits may
cause initial filings for aid to overstate labor market
weakness over the next several weeks.
S&P cuts Big Three carmaker ratings lower into junk (Reuters)
Reuters - Standard & Poor's on Thursday cut
ratings on all three major U.S. automakers deeper into junk
status, citing expected losses due to higher gas prices and a
weakening U.S. economy.
Company bankruptcies may top 100 next year: Bain (Reuters)
Reuters - Corporate bond defaults are on track
to quadruple this year and company bankruptcies may soar to
more than 100 in 2009, a senior Bain & Co consultant said on
Thursday.
