Consumer Prices Sink Amid Slump
The U.S. consumer price index fell 1.0% in October from the previous month, the biggest drop in 61 years, on lower energy prices and a weak economy. Separately, home construction took its fourth tumble in a row during October. read more »
Dow Falls Below 8000
The Dow industrials fell 427.47 points as bank and insurance stocks cratered. Citigroup shares lost nearly a quarter of their value and the S&P 500 financial sector dropped more than 10%. read more »
Dow Falls Below 8000
The Dow industrials fell 427.47 points as bank and insurance stocks cratered. Citigroup shares lost nearly a quarter of their value and the S&P 500 financial sector dropped more than 10%. read more »
Fed Minutes Paint Gloomy Picture
The Fed expects economic contraction for up to a year, and worries the slowdown could last longer, according to FOMC minutes. read more »
Boeing Delays Jet Deliveries
Boeing is reworking its production schedule, adding up to 10 weeks to jetliner-delivery dates as it tries to recover from the machinists strike. read more »
Medtronic Spine Device Faces Probe
The off-label use of a Medtronic implant for promoting bone growth is being investigated amid an FDA warning and whistleblowers' lawsuits. read more »
Conditions Planned for Detroit
Auto-parts makers are requesting access to the $700 billion financial-industry rescue fund, and Democratic lawmakers are planning tough conditions on a proposed aid package for Detroit's auto companies. read more »
