Bailout still faces challenges: Paulson 1 hours ago Read More
BEIJING (Reuters) - The United States has made clear progress in steadying its financial system, thanks in part to a $700 billion bailout fund authorized by Congress, but the rehabilitation process...
AT&T cuts 12,000 jobs 12 hours ago Read More
NEW YORK (Reuters) - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exac...
Obama names Richardson as Commerce Secretary 1 days ago Read More
CHICAGO (Reuters) - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans unti...