AFP - As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.
Steven Wevodau
Reuters - General Motors Corp has sent a sales prospectus for Hummer to potential bidders as it scrambles to shore up its cash amid a sharp downturn in global auto sales.
Steven Wevodau
Reuters - Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.
Steven Wevodau
Reuters - Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.
Steven Wevodau
AP - The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession.
Steven Wevodau
Reuters - Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years.
Steven Wevodau
Reuters - Warren Buffett tried to persuade demoralized investors the U.S. stock market is not falling off a cliff. Not everyone was immediately convinced.
Steven Wevodau
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