Mary Ann Milbourn on Nov 21, 2008 07:50AM

Calif. workers get 20 more weeks of jobless benefits

President George W. Bush signed a bill today that will give unemployed workers in California an additional 20 weeks of jobless benefits. Workers typically are eligible for a maximum of 26 weeks of unemployment benefits. In June, Congress approved an additional 13 weeks in states like California that have high unemployment. California’s unemployment rate hit [...]

John Gittelsohn on Nov 21, 2008 06:02AM

O.C. green car maker counts on GM parts

Fisker Automotive, an Irvine company that plans to produce green sports cars beginning next year, says it will use General Motors power trains on its hybrids at a time the Detroit automaker’s future is in doubt. “We are confident that this is the beginning of an important partnership between GM and Fisker Automotive in developing the [...]

John Gittelsohn on Nov 20, 2008 02:51PM

Dow dives 444 ? 5.4%

S&P closes at lowest point since 1997.

Mary Ann Milbourn on Nov 20, 2008 12:23PM

Poll: Should unemployment benefits be extended?

(Update: The Senate passed the bill and sent it to the President.) A bill that would extend jobless benefits for California workers to 59 weeks is on its way to the President after winning Senate approval. The vote comes after new initial unemployment claims soared to a 16-year high nationwide. Unemployment benefits normally run out after [...]

John Gittelsohn on Nov 19, 2008 02:30PM

Dow slumps 427 points, closes under 8,000

First time the average closed below 8,000 since March 31, 2003

Oxford Analytica on Nov 21, 2008 04:00AM

'Pyramid Banks' Come To Colombia

Hundreds of thousands of people may lose savings to unstable financial institutions.

James Erik Abels on Nov 21, 2008 04:00AM

The Newspaper Guild's New Pitch: Survival

The dwindling union thinks mass layoffs may convert more shops. Some sales technique.

Forbes.com staff on Nov 20, 2008 10:01PM

Rebuilding Global Markets

The latest analysis and commentary from across Forbes.com.

David Whelan and Anita Raghavan on Nov 20, 2008 07:20PM

Two Girls Two Countries One Cancer

Obamacare is coming, and a lot of Americans find socialized medicine to be scary. But in treating life-threatening disease, the British system isn't as bad as you might have expected.

Nicole Perlroth on Nov 20, 2008 03:00PM

Pfizer's Nigerian Nightmare

After years of legal maneuvering, Pfizer may soon face its Nigerian guinea pigs in court.

Nov 21, 2008 08:40AM

Stocks struggle higher

Stocks inched higher Friday morning as investors dipped back into select companies after the Dow's biggest two-day decline since 1997.

Nov 21, 2008 08:38AM

Black Diamond's death-defying revenue climb

For Peter Metcalf, making a small business big is a matter of doing things in proper style. For this human StairMaster, that means taking the time to climb a combined 17,500 feet of Utah peaks on his 53rd-birthday weekend, toting a fine champagne for a summit party with family and friends.

Nov 21, 2008 07:42AM

Sources: GM to announce more production cuts

Read full story for latest details.

Nov 21, 2008 07:40AM

Fair value: the pragmatic solution

Bookkeeping rules have taken a lot of heat in this year's financial meltdown. But some accountants have an idea that could cool the debate over so-called fair value accounting.

Nov 21, 2008 08:11AM

Citigroup stock down again despite sales talk

Shares of Citigroup enjoyed a brief bounce Friday morning before heading lower once again, falling 16% despite reports that the beleaguered bank may be looking to raise more capital or even sell the whole firm.

By TIM PARADIS on Nov 21, 2008 09:23AM

Stocks show moderate decline after sell-off

NEW YORK (AP) -- Wall Street sagged again Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined....

By ANNE D'INNOCENZIO on Nov 21, 2008 08:34AM

Wal-Mart names Duke to succeed Scott as CEO

NEW YORK (AP) -- Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division....

By MADLEN READ on Nov 21, 2008 09:12AM

Citigroup stock slides below $4 a share

NEW YORK (AP) -- Citigroup Inc. shares extended their precipitous slide Friday, after an initial lift from a report that said the banking giant was considering a sale to rebuild investor confidence....

By TOM KRISHER on Nov 21, 2008 08:35AM

GM to extend holiday shutdown, may cut production

DETROIT (AP) -- General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent....

By GEORGE JAHN on Nov 21, 2008 07:51AM

Oil rises from 3-year low as stocks recover

VIENNA, Austria (AP) -- An early rebound in many stock markets supported oil prices Friday, with crude creeping off a 3-year low to trade above $50 a barrel, although gains were limited by continued fears of global recession....