Ecomomic Crisis
Daily News and Updates

Thursday - April 30, 2009:

  1. AFK Sistema reports 96% net profit plunge to $62 mln in 2008
  2. Bronx zoo in New York sacks hundreds of animals
  3. Europe's corporate giants feel heat from recession
  4. Jaguar Land Rover rescue in doubt
  5. Russia's Gazprombank reports $1.9 bln net loss for 2008
  6. Senate, House OK $3.4 trillion budget plan
  7. Steel giant Severstal reports 21% drop in steel output in Q1
  8. Tourist numbers to Moscow drop 19% in 1Q amid financial crisis
  9. U.S. economy tumbles steeply in first quarter
  10. Why the stress tests really do matter

Wednesday - April 29, 2009:

  1. BP profits slump by 62 percent
  2. GM to force more than 1,000 dealers to close
  3. The housing boom and bust

Tuesday - April 28, 2009:

  1. ANDREW LLOYD WEBBER The last thing this country needs is a pirate raid on the wealthy (and don't lynch me because I'm a rich *****)
  2. Restructuring deal is last chance saloon for General Motors
  3. Saudis seen doubling the price of natural gas
  4. Should you buy from a dying carmaker
  5. Thank Uncle Sam for the rally

Monday - April 27, 2009:

  1. Chrysler creditors urged to make concessions

Sunday - April 26, 2009:

  1. Credit Suisse warns of 'excessive' state action
  2. Economic storm clouds breaking, finance leaders say
  3. Iceland votes in crisis elections
  4. Landfills hurting as consumers repair, reuse
  5. Protesters, police clash near IMF meetings in Washington
  6. Struggling automaker meets goal of slashing expenses by $19 an hour

Saturday - April 25, 2009:

  1. Auto Retirees Brace for Hardship; Pension Benefits May Suffer in Bankruptcy
  2. British economy shrinks at fastest rate for 30 years
  3. Citing Solid Position, Ford Posts Loss
  4. GM to pull the plug on Pontiac car brand
  5. Microsoft revenue drops for first time in 23 years
  6. Sneaky changes to your credit cards
  7. Task Force Refines Bankruptcy Plan for Chrysler
  8. U.S. Forced Bank Board To Carry Out Merrill Deal
  9. What are bank stress tests?
  10. What is U.S. getting in IMF 'exchange of assets'
  11. Why banks (still) aren't lending

Friday - April 24, 2009:

  1. IMF: World economy won't recover until 2010 - CNN_com
  2. Lloyds and RSA announce 1,500 job cuts
  3. March existing home sales fall by 3 percent
  4. Netanyahu Cuts Corporate Taxes; Wage Earners Wait
  5. Obama meets with credit card executives
  6. Prediction of U.S. breakup near fulfillment?
  7. Russia's economy shrank 9.5% in first quarter - ministry
  8. U.K. Budget Maps Growth, Not Cuts
  9. U.S. jobless claims rise, home sales fall
  10. U.S. mass layoffs rise to highest on record
  11. U.S. Tells Chrysler to Prepare for Bankruptcy Filing
  12. Weekly jobless claims up more than expected
  13. Yahoo pulls the plug on GeoCities

Thursday - April 23, 2009:

  1. Toyota cuts managers' bonuses by 60%
  2. Banks to get stress test results Friday report
  3. Tax rise as UK debt hits record
  4. Employment Service: Another 130,000 Israelis will lose jobs by year's end
  5. Freddie Mac chief financial officer found dead in apparent suicide
  6. GM won't make $1 billion June debt payment
  7. Granholm: Bailed-out banks suffocating Chrysler
  8. Russia's inflation hits 6% as of April 20
  9. Sources: GM to close plants up to 9 weeks
  10. Sheriff: Md. dad who killed family had $450K debt
  11. U.S. Apartment Rents, Occupancies Fall Amid Rise in Job Losses
  12. U.S. credit card bill advances on eve of Obama meet
  13. Why the bank stress tests are bunk
  14. World economy in severe recession, IMF says
  15. Yahoo to cut 5 percent of jobs

Wednesday - April 22, 2009:

  1. A Bigger, Bolder Role Is Imagined For the IMF
  2. Asian markets reel after Bank of America dampens hope of recovery
  3. GM, Chrysler to get $5.5B more in government loans
  4. Deflation returns to Britain for first time since 1960
  5. Global bank losses of $4.1 trillion, says IMF
  6. Nearly 20 bailout investigations under way
  7. Obama asks Congress to back IMF boost
  8. Obama proposes $100 billion U.S. loan for IMF Politics
  9. Pressure Obama, UAW tells members
  10. Russian economy could start growing soon, or could it?
  11. TARP Still Falls Short on Key Issues
  12. Treasury says about $110B left in bailout fund

Tuesday - April 21, 2009:

  1. 5 things to know this week
  2. Bank of America profit more than doubles
  3. Cincinnati may lose Hebrew Union campus
  4. GM ‘Likely’ to Build in China as U.S. Factories Close
  5. Israel Employment Service sees surprising spike in March job listings
  6. More GM workers laid off as gov't deadlines loom
  7. Recession Diary: Bank turns Scrooge
  8. The Fed is now peddling inflation
  9. U.S. Economy: Leading Index Shows Extended Recession
  10. U.S. May Convert Bank Bailouts to Common Stock
  11. Unemployment in Russia rises to over 7.1 mln

Monday - April 20, 2009:

  1. Jobless Rate Climbs in 46 States, With California at 11.2%

Sunday - April 19, 2009:

  1. Bank Profits Mask Peril Still Lurking
  2. China says key currency countries need watching
  3. Fannie Mae chief named to head U.S. bank rescue
  4. Missouri-based American Sterling Bank closed by regulators
  5. Rescued Banks Balk at Chrysler Deal
  6. U.S. closed banks match total for all of 2008

Saturday - April 18, 2009:

  1. China slows again as IMF warns against optimism
  2. Credit Card Issuers Face New Scrutiny; White House Meeting on Agenda
  3. Facing Large Loss, Toshiba to Shed 3,900 Jobs
  4. Ottawa willing to let GM, Chrysler collapse
  5. State unemployment rate highest since 1941
  6. Texas House votes to slash Gov. Rick Perry's budget
  7. Traders, Not Investors, Fueling This Stock Rally: NYSE Chief

Friday - April 17, 2009:

  1. 1 million attend tea parties in 50 states
  2. Motivated tea partiers ask, 'What's next'?
  3. Tens of thousands rally at Tax Day 'TEA parties'
  4. Best Buy Cuts Wages, Jobs In Its Stores
  5. China's economic growth slows further in 1Q
  6. IMF warns recession will be 'unusually long-lasting' Business
  7. Mall giant General Growth files for bankruptcy
  8. Overwhelmed Illinois Court Postpones Foreclosures Until September

Thursday - April 16, 2009:

  1. 10 companies that may go bankrupt this year
  2. ArcelorMittal to lay off 400 workers in Indiana
  3. Biggest drop in industrial output since VE Day
  4. Demand for oil to hit lowest point in five years
  5. Intel Says PC Sales ‘Bottomed Out’ in Quarter
  6. Lambuth University can't make payroll
  7. Retiree pensions are at risk
  8. States' tax revenues slide
  9. Tally of school districts' pink slips passes 4,000
  10. TEA protests brew unsweetened tax message
  11. LA school board votes to lay off 5,400 employees
  12. U.S. consumers still struggle, companies say
  13. U.S. FORECLOSURE INDEX: Foreclosures Soar in March, Up 44 Percent Over February’s High
  14. UBS AGM: pre-announcement of key elements of the first-quarter results, further cost-saving measures and strategy
  15. With Reserves Dropping, Russia May Need Cash Infusion
  16. Yahoo to cut hundreds of jobs

Wednesday - April 15, 2009:

  1. Ben Bernanke sees 'tentative signs' of US economic recovery Business
  2. Budget cuts to cost 850 Vegas teacher jobs
  3. Deere To Combine Divisions, Cut 200 Jobs
  4. European job losses feared after bad news at Philips, UBS, ArcelorMittal and Woolworths Business
  5. Inflation on the way? Bet on it!
  6. More job losses and falling GDP ahead White House adviser
  7. Obama to Tap Fannie Mae CEO to Head TARP
  8. Oregon jobless rate spikes to over 12 percent
  9. Retail sales post surprising drop
  10. Stocks fall on weak retail sales report

Tuesday - April 14, 2009:

  1. 401K losses devastate retirees
  2. Bankruptcies surge despite law meant to curb them
  3. Five weekly Observer & Eccentric newspapers to shut down
  4. GM shares slump as bankruptcy fear grows
  5. Granholm: Stimulus cash may be needed to balance budget
  6. Putin approves $150 mln in subsidies for air carriers

Monday - April 13, 2009:

  1. Crisis Reshaping Wall St. as Stars Begin to Scatter
  2. UBS to announce more job cuts soon media
  3. Zimbabwe shelves own currency for one-year
  4. States Slashing Social Programs for Vulnerable

Sunday - April 12, 2009:

  1. Job cuts needed to stop NY bankruptcy mayor
  2. Banks in N.C. and Colorado shuttered
  3. Judge: Investors can force bankruptcy
  4. Republicans claim proposed budget means more taxes
  5. Showdown Seen Between Banks and Regulators

Saturday - April 11, 2009:

  1. BART eyeing fare increases, service cuts
  2. Economists predict more downs than ups for U.S.
  3. Goldman Sachs mulls stock sale to repay TARP money report
  4. Is market turning? Stay skeptical
  5. Japanese Stimulus Adds to Debt

Friday - April 10, 2009:

  1. 23 Detroit schools face closure
  2. Economy leaves millions of drivers uninsured
  3. EU governments committed €3 trillion for bank bailouts
  4. Obama's G20 plan kisses off Declaration of Independence

Thursday - April 9, 2009:

  1. Fed sees economy sliding further
  2. Fed's Fisher says U.S. economy grim
  3. Housing agencies faulted in audits to get $300M of stimulus
  4. Ireland unveils tough budget as nation faces 'challenge of its life'
  5. Russian construction firm boss shoots himself over debts
  6. Slowdown hits consumer spending for Pessah
  7. Treasury says some insurers qualify for TARP
  8. Treasury to extend TARP to life insurers report
  9. Why home prices may never recover

Wednesday - April 8, 2009:

  1. Blockbuster on the brink?
  2. Car industry recovery to take more than a decade-author
  3. CEO confidence hits record low
  4. Gates plan raises questions for firms, military
  5. GM Said to Speed Bankruptcy Plans as Board Crafts Savings Goals
  6. If Americans won't spend, who will?
  7. AP cuts newspaper rates, moves to protect web news
  8. RBS to cut up to 4,500 jobs in UK Business
  9. Russia's KamAZ cuts truck production by 61% in January-March
  10. US Banks 'Basically Insolvent': Soros

Tuesday - April 7, 2009:

  1. A bear rally in bull's clothing?
  2. America for sale … to China?
  3. Car sales fall 30% despite new March number plates
  4. Communities print own currencies to keep cash flowing
  5. Mayo Gives Banks ‘Underweight’ Rating on Loan Losses
  6. Russia to spend $90 bln on anti-crisis measures in 2009 - Putin
  7. Sun Microsystems shares drop on failed IBM talks
  8. US watchdog calls for bank executives to be sacked
  9. Geithner Says US Jobless Rate Likely to Climb

Monday - April 6, 2009:

  1. Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money
  2. Israeli job losses reach all-time high
  3. Mass protest in Rome over financial crisis
  4. Murdoch: Long-Term Economic Situation 'Dangerous'; Recovery 2-3 Years Away
  5. New Record in Monthly Layoffs: Over 20,000
  6. The G20 moves the world a step closer to a global currency

Sunday - April 5, 2009:

  1. Congressman seeks review of bailout rules
  2. Families learning of $163,000 tax 'bomb'
  3. FedEx Lays Off 1,000 Employees Amid Cost-Cutting Effort
  4. Global Fiscal Crisis Brings Renewed Role for IMF
  5. Money woes slam top Christian broadcaster
  6. New York Times threatens to shut Boston Globe

Saturday - April 4, 2009:

  1. Bailed-out banks eye toxic asset buys
  2. Banks could bet on toxic assets with taxpayers' money
  3. Chinese worker blows himself up in wage dispute
  4. Fred Goodwin pension row 90% of RBS shareholders vote against pay report
  5. House, Senate budget plans seen as wins for Obama
  6. Inflation in Russia hit 5_3P in 1Q09 - Central Bank chief
  7. Israel's super-rich lost 40% of their fortunes over last year
  8. Markets Rise for Fourth Day in a Row
  9. Michigan faces tax shortage
  10. Fannie, Freddie worker bonuses total $210M
  11. Protesters rally on Wall Street, ask government to 'bail out the people,' not big business
  12. Recession claims 5m US jobs as unemployment rate reaches 26-year high
  13. Unemployment Hits 8.5%; 663,000 More Jobs Lost
  14. The real unemployment rate? Try 15.6%
  15. US debt sets stage for inflation

Friday - April 3, 2009:

  1. Analysis: Crisis may lead to new world order
  2. Congress Approves Budget
  3. G.M. Says It’s Willing to File for Bankruptcy
  4. Michigan losing population fast
  5. One in 10 Americans gets help to buy food
  6. Too Costly to Keep, Boats Become Castaways

Thursday - April 2, 2009:

  1. ADP Says U.S. Companies Reduced Payrolls by 742,000
  2. China challenges US global financial leadership
  3. French workers block billionaire, riot police called in
  4. Home Prices in U.S. to Decline Through 2010, PMI Says
  5. INSTANT VIEW: U.S. private sector job losses rise in March
  6. Public's Cry as G-20 Meets 'We are Struggling'
  7. U.S. Auto Sales in March Fell Less Than Estimates on Incentives

Wednesday - April 1, 2009:

  1. Asia Split Over China's War Of Nerves With U.S.
  2. Bank Leumi reports heavy losses for Q4 of 2008
  3. Chicago Sun-Times parent files for bankruptcy
  4. G20 leaders get OECD warning that global trade is in freefall
  5. Hundreds of French workers take bosses hostage
  6. In Wake Of GM Ouster, Unions Demand Obama Fire Bank Of America CEO
  7. Dow up 87, sees first monthly gain since August
  8. Medvedev calls for new global financial architecture
  9. Obama's bailout game plan
  10. OECD sees bleak global outlook, soaring job losses
  11. Recession Puts a Major Strain On Social Security Trust Fund
  12. Russia backs return to Gold Standard to solve financial crisis
  13. World Bank offers trade boost ahead of G20
  14. World Bank Sees Global Contraction In 2009

Archives --

  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • © Laymanswatch.com, 2008
    Fair Use Notice
    BACK