U.S. stocks decline for first time in thee days as layoffs rise
U.S. stocks close sharply lower as auto executives plead for federal
aid and in the aftermath of mostly dismal retail-sales results and
layoffs from corporate giants including AT&T Inc. and DuPont Co.
FUTURES MOVERS: CRUDE TUMBLES 7% TO LOWEST IN NEARLY FOUR YEARS
Crude-oil futures fall for the fifth straight session, slumping nearly
7% to close at their lowest level in nearly four years amid ongoing
demand worries.
BIG 3 CAR EXECUTIVES AGREE TO TAKE ORDERS FROM WASHINGTON
Chastened leaders of the U.S. automobile industry agree to accept
strong oversight from Washington in return for the immediate govenment
aid they say is needed to keep the industry alive past the new year.
RETAILERS POST WORST MONTH ON RECORD, SETTING SOMBER HOLIDAY TONE
November retail sales miss already-lowered expectations, echoing a
familiar theme that's haunted U.S. retailers this year, as jittery
consumers were pinched by the recessionary economy.
AT&T TO ELIMINATE 12,000 JOBS
AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its
workforce, and spend less on new equipment in 2009 in response to a
weakening economy.
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