
Updated : Mon, 01 Dec 2008 20:35:13 GMT
AP - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.
Publ.Date : Mon, 01 Dec 2008 20:34:14 GMT
AFP - US and European stocks plunged on Monday as weak economic data pointed to a looming global recession, dashing hopes of a quick recovery in equity prices after the gains of last week.
Publ.Date : Mon, 01 Dec 2008 17:58:04 GMT
Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the U.S. economy and said the Fed could directly buy securities and backstop markets as interest rates approach zero.
Publ.Date : Mon, 01 Dec 2008 20:21:57 GMT
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