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Yahoo! News: Economy News
Updated : Tue, 06 Jan 2009 04:45:53 GMT

US auto sales plunge whopping 36 percent in Dec. (AP)
AP - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.

Publ.Date : Tue, 06 Jan 2009 00:04:41 GMT

Obama demands 'bold' action on stimulus plan (AFP)
AFP - President-elect Barack Obama demanded bold action on his near 800 billion dollar stimulus plan, warning Congress would send the US economy into an even deeper hole if it fails to act swiftly.

Publ.Date : Tue, 06 Jan 2009 03:26:15 GMT

Toyota shuts plants as crisis bites (Reuters)
Reuters - Toyota Motor Corp, reeling from its worst U.S. sales decline in more than a quarter of a century, will shut all its factories in Japan for 11 days as the global economic slump hits demand and company profits.

Publ.Date : Tue, 06 Jan 2009 04:45:53 GMT

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