Who are the Architects of Economic Collapse?: Will an Obama Administration Reverse the Tide?
GM Tumbles as Deutsche Says It May Become Worthless: General Motors Corp. plummeted as much as 31 percent and moved toward its lowest level in 62 years after a Deutsche Bank AG analyst downgraded the shares, saying they may be worthless in a year.
Nortel Posts Biggest Loss Since 2001, Fires Workers: - Nortel Networks Corp., North America's largest maker of phone equipment, posted its biggest net loss in seven years and announced plans to cut 1,300 jobs as customers scale back budgets.
DHL to cut 9,500 jobs: DHL U.S. Express said it will close its U.S. ground hubs, and cut the number of stations to 103 from 412.
Circuit City files for bankruptcy protection: Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches.
US hands insurer extra $40bn: The US government has added an extra $40bn to a rescue package for the troubled insurance giant American International Group (AIG).
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