How will President Obama deploy his Internet army?: A powerful new lobbying force is coming to town: Barack Obama's triumphant army of 3.1 million Internet-linked donors and volunteers.
What bailed-out banks spend on lobbying: Nineteen banks taking taxpayer money from the Treasury Department have spent $32.4 million lobbying the federal government during the first nine months of this year, their lobbying disclosure reports show.
Ford reports 3Q loss, announces job cuts: Despite receiving a portion of a $25 billion industry bailout from the federal government, Ford said it would cut its research and development budget and eliminate about 10 percent of its white-collar work force as it continues to cut costs.
GM warns it could run out of cash in 2009: General Motors warned Friday that it has only a minimum amount of cash to operate its business through the end of the year, and even with planned restructuring will fall short of cash in the first two quarters of 2009.
Chrysler cash drains away as crisis deepens - sources: Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can't clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people with knowledge of the situation said.
Auto Leaders to Press for More Federal Aid: Top auto industry executives and the president of the United Auto Workers plan to meet with House Speaker Nancy Pelosi today to ask for additional federal aid for the struggling U.S. carmakers.
Jobs lost in 2008: 1.2 million: . Unemployment soars to 6.5%: With most economic indicators signaling even more difficult times ahead, job losses will likely deepen and continue through at least the first half of 2009.
Consumer bankruptcies in October top 100,000: The sagging economy sparked 106,266 consumer bankruptcy filings in October, the first time monthly filings topped 100,000 since the bankruptcy law changed in 2005, the American Bankruptcy Institute said Tuesday.
Pending Sales of Existing Homes in U.S. Fell 4.6%: - Fewer Americans signed contracts to buy previously owned homes in September, indicating the credit crisis will inflict more damage on the housing market.
US retail sales worst in 35 years; holiday view cut: "The great unknown is just how much lower can consumer spending go?" said Piper Jaffray analyst Jeff Klinefelter. "With savings rates at historic lows and constraints on the availability of consumer credit, I just think there's concern that the perfect storm is brewing."
Philadelphia to close libraries, pools, cut jobs: Mayor says city among many facing large budget shortfalls in bad economy
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