Stocks Bank of America Corp

  • Stocks tumbled at the open as the market was weighed down by the Senate's rejection of the $14 billion auto bailout and news of a $50 billion fraud scheme on Wall Street.

  • U.S. stock index futures pointed to a lower opening for Wall Street as a plan to pour $14 billion into the cash-strapped auto industry failed in the Senate, leaving the White House searching for a solution.

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    The Dow fell on dimming prospects for an automaker bailout, while bleak comments about the banking sector from JPMorgan's CEO prompted investors to sell financial shares.

  • Stocks closed sharply lower, led by financials after comments from JPMorgan CEO Jamie Dimon and as investors worried about the fate of the auto bailout.

  • Commentary: All of America now can rest easy: Merrill Lynch chief John Thain won’t get his $10 million bonus after all, having succumbed to browbeating calls for fiscal restraint.

  • Here's Michelle's guest blog on why Thain should be rewarded for shepherding Merrill Lynch through an awful year, as the company was eventually taken over by Bank of America.

  • Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.

  • Jeffery Harte of Sandler O'Neill says it's time for investors to stop shunning financials. See his top stock picks.

  • Andrew Busch

    With the economy in a recession and massive jobs cuts seemingly announced daily, the public and government officials are searching for answers. Unfortunately, they are also looking to assess blame for the mess.

  • Stocks advanced Monday, but ended off session highs, as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

  • Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.

  • Stocks continued to rally Monday as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

  • Stocks continued to rally Monday as hopes for an auto bailout and action by world governments helped offset the grim reality of a fresh wave of layoffs.

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    So now we know. We are in the 12th month of a nasty recession, we have lost billions in net worth, and we have lost at least a couple million jobs in 2008.

  • Growing hopes of a federal bailout for the auto industry and increased action by world governments to stem the global recession pushed stock index futures higher Monday.

  • Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.

  • The latest overall job loss numbers showed a loss of 533,000 jobs in November and the unemployment rate climbed to 6.7%.  This is the highest drop in nonfarm payrolls since 1974 and the highest unemployment rate since October 1993.  The October payroll numbers were revised to a loss of 320,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • With solid decision-making like that, any recipient should be honored.

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    Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.