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Today on Reuters 

Wachovia employees listen to Wells Fargo CEO John Stumpf during a news conference at the Wachovia corporate headquarters in Charlotte, North Carolina, October 15, 2008. REUTERS/Chris Keane

Economy bleeds jobs 10:11am ET

Employers axed over half a million jobs in November, the worst tally in 34 years, as the recession inflicted a mounting toll on the labor market.  Full Article | Full Coverage 

The Verdict: "Employment blowout"
Blog: Your views on the jobs data
Pimco says jobs point to dismal Q4
Crisis likely to worsen: Obama
Wachovia employees listen to Wells Fargo CEO John Stumpf during a news conference at the Wachovia corporate headquarters in Charlotte, North Carolina, October 15, 2008. REUTERS/Chris Keane

Economy bleeds jobs 10:11am ET

Employers axed over half a million jobs in November, the worst tally in 34 years, as the recession inflicted a mounting toll on the labor market.  Full Article | Full Coverage 

The Verdict: "Employment blowout"
Blog: Your views on the jobs data
Pimco says jobs point to dismal Q4
Crisis likely to worsen: Obama
Automobile leaders testify during the U.S. Senate Banking Committee hearing on the financial assistance package for the big Detroit automakers in Washington, December 4, 2008.

No consensus 6:54am ET

There is understanding of distress but no consensus in Congress to rescue automakers as industry chiefs hope to advance their case in a second appearance before lawmakers.  Full Article | Full Coverage 

Chastened auto CEOs beg for billions
BMW sales plunge, Honda quits F1
Commentary: Bail out the car buyers
Video: Driving for dollars

media and technology

Barry Diller, Chairman and Chief Executive Officer of IAC/InterActiveCorp, speaks at the Reuters Media Summit in New York, December 4, 2008. REUTERS/Shannon Stapleton
Cascade of M&A opportunities

IAC Chief Executive Barry Diller is sitting on a pile of cash but he isn't going to give in to investor demands that he buy back stock to rescue the company's ailing share price.  Full Article 

Full Coverage: Media Summit
James Saft
Banking spins destruction myth
James Saft

The banking myth, as expounded by insiders, is that we were hit by a perfect storm, a 1,000-year flood so unpredictable that we can't possibly be held accountable for it. An act of god, rather than the folly of man.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 41.2 -2.62% 05 Dec 2008 10:14 EST
Gold 750.0 -1.81% 05 Dec 2008 10:05 EST

Reuters Business Blogs

  • DealZone
  • MediaFile
  • Shoptalk
Photo
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 

Pictures

View Slideshow 
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Learning how to be a teen
4:23am EST 
Teenage North Korean defectors attend special schools in the South where they learn skills that other teenagers take for granted, such as using a cell phone and surfing the web.
More Pictures...

Video

Play Video Play VideoVideo 
Head of Russian Orthodox church dies

Dec 5 - Patriarch Alexiy II has died at the age of 79, a church spokesman has said.  Play Video

 
Thais worried about King's health
Hundreds protest Zimbabwe crisis
More Video...

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