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Example Headline of Genre for Date
Geithner tapped to be Obama's Treasury chief
AFP - New York Federal Reserve president Timothy Geithner has been selected to become US Treasury Secretary amid the global financial crisis, a key advisor to president-elect Barack Obama said Sunday.
Obama aide: Geithner right person to aid economy
AP - A top adviser to President-elect Barack Obama says it was gratifying to see the stock market's positive reaction to Obama's choice of treasury secretary.
Senate Democrat sees stimulus up to $700 bln
Reuters - An influential U.S. Senate Democrat said on Sunday a large economic stimulus package of up to $700 billion was needed to lift the American economy out of its current downturn.
German chancellor urges companies to keep jobs
AP - German Chancellor Angela Merkel urged companies Sunday not to slash jobs as a result of the global financial crisis, warning that businesses will not be able to rebound once the turmoil eases.
Black Friday sales intensify in downturn
Reuters - Black Friday, the traditional start to the U.S. holiday shopping season, means more to retailers this year as they struggle to win over consumers with a recession looming.
Obama to unveil economic team on Monday
Reuters - President-elect Barack Obama will announce the members of his economic team at a news conference in Chicago at 11 a.m. CST (1700 GMT) Monday, his transition office said.
Bernanke says he erred in gauging mortgage fallout
AP - Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse.
Cash not yet king again, but coup may be coming
AP - This holiday season, cash is in vogue again as consumers — maxed out on credit cards or trying to stick to a budget — are buying what they can actually pay for. Stores like J.C. Penney Co., Wal-Mart Stores Inc. and Target Corp. are noting a decline in credit card use as an overall form of payment, in favor of cash or debit cards.
Retail sales struggle in early November: MasterCard
Reuters - Sales of apparel, shoes and appliances fell dramatically in the first two weeks of November, as consumers worried about a recession and job losses further cut spending, MasterCard Advisors said in a report.
Average U.S. gasoline price falls below $2/gallon
Reuters - U.S. average retail gasoline prices fell below $2 per gallon, due to a continuing slide in crude oil prices, falling gasoline demand and a weakening global economy, according to the latest nationwide Lundberg survey.
More part-time work is bad sign for U.S.
Reuters - Seven months after losing a job in construction, Lorenzo Henderson found work earlier this month packing shelves at a supermarket three days a week, joining a trend toward part-time work that is worrying economists.
Obama to introduce economic team
AFP - President-elect Barack Obama was poised Monday to unveil his White House economic team, which faces the monumental task of reversing the dismal fortunes of rapidly deteriorating US economy.
Thai economy slows sharply in third quarter
AP - Thailand's economy slowed sharply in the third quarter, taking a double hit from prolonged political turmoil and the global financial crisis.
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