Thu 4 Dec 2008 | 11:13 EST

Today on Reuters 

The AT&T logo in an undated photo. REUTERS/Handout

AT&T cuts 12,000 jobs 10:55am ET

AT&T says it will eliminate 12,000 jobs, about 4 percent of its workforce, as it joins a raft of corporations trying to slash costs amid the economic downturn.  Full Article | Full Coverage 

The AT&T logo in an undated photo. REUTERS/Handout

AT&T cuts 12,000 jobs 10:55am ET

AT&T says it will eliminate 12,000 jobs, about 4 percent of its workforce, as it joins a raft of corporations trying to slash costs amid the economic downturn.  Full Article | Full Coverage 

General Motors Corp.'s world headquarters is seen along the Detroit River in Detroit, Michigan in this November, 18, 2008 file photo. REUTERS/Rebecca Cook

Blueprint for new GM 10:45am ET

General Motors pledged to Congress that it would accelerate labor and other cost cuts and try to reduce its mountainous debt in return for a government bailout.  Full Article | Full Coverage 

A tipper truck climbs out of an iron ore mine at Tom Price, about 800 miles north of Perth, in this May 28, 2008 file photo. REUTERS/Tim Wimborne
Mining shakeout

Some small and medium-sized miners could see their ranks thinned as a free-fall in commodity prices and tight credit markets threaten to reshape the entire mining sector.  Full Article 

James Saft
Credit cards unkindest cut

Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits.  Commentary 

to
Commodity Last Pct Chg Trade Date/Time
Oil 44.46 -2.20% 04 Dec 2008 11:00 EST
Gold 768.6 +0.01% 04 Dec 2008 10:31 EST

Reuters Business Blogs

  • DealZone
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Photo
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

Photo
The drug war insanity

Albert Einstein defined insanity as doing the same thing repeatedly and expecting different results. It's a definition that fits the war on drugs, says columnist Bernd Debusmann.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Grammy nods
10:53am EST 
Nominees this year include Lil Wayne and the Jonas Brothers.
India uses fishermen for security

Dec 4 - India will use fishermen to boost its security presence along the eastern coast.  Play Video

 
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