Obama warns of dire consequences without stimulus
(AP)
Thu, 08 Jan 2009 16:41:17 GMT - AP - President-elect Barack Obama warned of dire and lasting consequences if Congress doesn't pump unprecedented dollars into the economy, making an urgent pitch for his mammoth spending proposal in his first speech since his election.
Retailers report dismal December sales
(AP)
Thu, 08 Jan 2009 16:14:41 GMT - AP - Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy.
Shooting by Oakland, Calif., officer sparks anger
(AP)
Thu, 08 Jan 2009 16:33:53 GMT - AP - Mayor Ron Dellums urged residents to remain calm after protests turned violent in the fatal shooting of an unarmed black man by a transit police officer.
Continuing jobless claims rise more than expected
(AP)
Thu, 08 Jan 2009 16:39:21 GMT - AP - The number of people continuing to seek unemployment benefits has risen sharply, according to government data released Thursday, indicating that laid-off workers are having a harder time finding new jobs as the recession enters its second year.
