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  • 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.

  • The equity turn around Friday from disastrous employment numbers sends a signal to traders and investors that the markets had priced in that world coming to an end. For most Republicans, this happened in November.

  • Rick Wagoner

    The drum beats calling for Rick Wagoner's head, or at least his job, are becoming louder. What started last week with critics and commentators saying any bailout should include new leadership at the Big 3, now has spread to political leaders saying it may be time for some of the auto leadership to change.

  • 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.

  • Bailout Approved

    Congressional leaders said on Friday that they were ready to provide a short-term rescue plan for American automakers, and that they expected to hold a vote on the legislation in a special session next week, the New York Times reports.

  • 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.

  • Stocks turned mixed in afternoon trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.

  • Stocks fell sharply Friday after the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.

  • Ron Gettlefinger

    The announcement by UAW President Ron Gettlefinger that his union may make material changes to its contract to help the Big 3 is a big deal.

  • capitol_building_6.jpg

    The announcement by UAW President Ron Gettlefinger that his union may make material changes to its contract to help the Big 3 is a big deal.

  • Stocks fell sharply Friday after the biggest monthly job loss in 34 years.

  • Alan Mullaly, Robert Nardelli, and Rick Wagoner

    If you watched the Big 3 CEOs on Capitol Hill Thursday you probably came away with two impressions. First, the contrite tone of the CEOs makes it clear the auto makers know they have to try a more humbled approach.

  • The bailout-nation saga continued Thursday, as the Little Three carmakers from Detroit testified all day in front of the Senate Banking Committee. So far, the best thing I heard was from Sen. Robert Corker of Tennessee...

  • Stocks ended sharply lower Thursday amid anxiety over a fresh round of layoffs, dismal same-store sales numbers and the prospect of tomorrow's jobs report.

  • Crowd of people on the street

    These will be decidedly unhappy holidays for hundreds of thousands of workers who won't have jobs thanks to the steep economic downturn and the financial crisis

  • The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:

  • Will stocks stop dropping on bad news? Never mind the auto hearings, that is the No. 1 question on trading desks today. Stocks are down Thursday, but the relatively modest decline, the light volume, and the breadth is far less a response than one might expect given the poor news flow.

  • Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And  Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.

  • Stocks opened lower Thursday amid a fresh round of layoffs and dismal same-store sales numbers, but soon turned mixed after an unexpected drop in jobless claims and better-than-expected factory-orders report.

  • 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.