Breaking News
Fannie Mae has instructed servicers and attorneys to suspend foreclosure if home is occupied; Freddie Mac says no evictions will be completed between November 26 and January 9
Citigroup says not seeking any government aid: source
Today on Reuters (1/5)
S&P hits 11 year low
The benchmark S&P 500 tumbled to its lowest level in over a decade, as the darkening outlook for the global economy prompted fearful investors to dump stocks across the board. Full Article | Full Coverage
Deadline for Detroit
Automakers' plea for a bailout stalled despite a bipartisan compromise proposal. Democrats set a Dec. 2 deadline for automakers to submit a new plan that can be approved by Congress. Full Article
Oil dives below $50
Oil plunged below $50 a barrel as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand. Full Article
No growth until late '09
The economy will not grow until the third quarter of 2009 and is currently shrinking much more sharply than previously expected as the recession tightens its grip, a Reuters poll shows. Full Article | Full Coverage
Obama eyes governor for Homeland Security
Barack Obama is considering Arizona Gov. Janet Napolitano to head the sprawling agency formed to bolster civil defense in the wake of the 9/11 attacks. Full Article | Full Coverage
Dell, autos eyed
Results from computer maker Dell coincide with speculation about whether a new bipartisan auto bailout plan can win approval. Full Article
warren buffett
Losing his touch?
Investors are bailing out of Berkshire Hathaway stock and have lost some confidence that the insurance and investment company, run by one of the world's most admired investors since 1965, can pay its debts. Full Article
The Great Debate (1/4)
Biofuels run into trouble
Despite a promising start, the U.S. experiment with renewable fuels is facing serious challenges next year, intensifying existing pressures on ethanol distillers and farmers, writes John Kemp. Commentary
Don’t junk the auto industry
The auto industry is everyone’s favorite whipping boy, and its problems have been growing for decades, but we cannot blithely accept its failure as somehow inevitable or deserved, writes Eugene Ludwig. Commentary
Petrodollar drought blow to banks
Banks in Europe and Britain, and their unfortunate would-be borrowers, face another blow as plunging oil prices tighten the spigot of petrodollar deposits, writes James Saft. Commentary
Green New Deal unlikely
A growing chorus is calling for massive public investment in green energy to revive economic growth while fighting climate change. But it may not happen fast enough, writes Paul Taylor. Commentary
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Crisis in Credit
Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map. Full Coverage
A million years of nuclear planning
Columnist Bernd Debusmann asks if the EPA is engaging in scientific fantasy by setting impossible hurdles over nuclear waste. Commentary
Consumer Credit
The mortgage-inspired crisis infecting markets may be followed by even bigger problems borne out of growing credit card debt. Take a closer look. Full Coverage
Superheroes, they're everywhere
It's a bird... it's a plane... it's superheroes! They're ready to appear anywhere they're needed, whether it's for voting, protesting or climbing buildings for causes.
NATO urges African lead on piracy
Nov 20 - Alliance chief Jaap de Hoop Scheffer says NATO is committed to helping improve security but expects African states to take the lead in fighting high seas piracy. Play Video
