Wed 3 Dec 2008 | 13:43 EST

Today on Reuters 

A man walks past a store advertising a sale, on "Black Friday" in Fairfax, Virginia, November 28, 2008.

Recession's toll 12:50pm ET

Private employers slashed 250,000 jobs in November, the most in seven years, and the service sector that powers most of the economy posted its worst slump on record.  Full Article | Full Coverage 

A man walks past a store advertising a sale, on "Black Friday" in Fairfax, Virginia, November 28, 2008.

Recession's toll 12:50pm ET

Private employers slashed 250,000 jobs in November, the most in seven years, and the service sector that powers most of the economy posted its worst slump on record.  Full Article | Full Coverage 

A Ford employee assembles a Ford Edge

Plea gains support 11:20am ET

A top lawmaker predicts Washington will approve a bailout, while GM and Chrysler say they need an immediate infusion of cash to avoid failures.  Full Article | Full Coverage 

investing

Employees leave the New York Stock Exchange after the end of the trading day, November 13, 2008.  REUTERS/Brendan McDermid
Hedge fund cull

Up to a fifth of managers in the $1.6 trillion hedge fund industry are at risk of going out of business in the next two years, a Man Group strategist says.  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 45.46 +0.04% 03 Dec 2008 13:31 EST
Gold 767.9 -1.76% 03 Dec 2008 13:17 EST

Reuters Business Blogs

  • DealZone
  • MediaFile
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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 

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 

Tiny things
10:53am EST 
From miniature bonsais to ultra-micro books, a look at small things.
Obama taps Richardson for Commerce

Dec. 3 - President-elect Barack Obama has chosen New Mexico Governor Bill Richardson as his Secretary of Commerce.  Play Video

 
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