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AP Economy

Dow up 494 as Obama prepares to name treasury boss 3 hours ago NEW YORK (AP) -- Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the nex  Read Story.

Stocks surge on report of Geithner nomination 4 hours ago NEW YORK (AP) -- Wall Street staged a comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points. The late afternoon rally ended an  Read Story.

Balkan leaders hold regional economic summit 4 hours ago OHRID, Macedonia (AP) -- Croatia's president urged Balkan leaders on Friday to boost economic cooperation as a means of limiting regional fallout from the global economic crisis....  Read Story.

Dow ends up nearly 500 on Geithner treasury report 5 hours ago NEW YORK (AP) -- Wall Street staged a surprising comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points in a late afternoon ral  Read Story.

Engineers sentenced to 1 year for espionage case 6 hours ago SAN JOSE, Calif. (AP) -- Two engineers from China were sentenced to a year in prison Friday for stealing computer chip designs from their Silicon Valley employers and trying to smuggle the secrets  Read Story.

Stocks jump on report of Geithner nomination 6 hours ago NEW YORK (AP) -- Wall Street got a boost of confidence late Friday following a report that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasur  Read Story.

Stocks fluctuates after sell-off 7 hours ago NEW YORK (AP) -- Wall Street fluctuated Friday, with investors taking a breather from the heavy selling of recent days. Energy, utility and technology stocks showed some advances, but bank stocks   Read Story.

Financial crisis drives up interest in economics 7 hours ago NEW YORK (AP) -- Stocks are down, down, down. But student interest in economics appears to be trending upward....  Read Story.

Fed officials weigh in on economy's weakness 7 hours ago WASHINGTON (AP) -- The U.S. economy's weakness will stretch well into next year, a Federal Reserve official warned Friday....  Read Story.

Citigroup, AnnTaylor, Smucker, Gap big movers 7 hours ago NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:...  Read Story.

Stocks advance moderately after sell-off 8 hours ago NEW YORK (AP) -- Wall Street moved cautiously higher Friday, with investors taking a breather from the heavy selling of recent days. Energy, utility and technology stocks showed some advances, but  Read Story.

Stocks show moderate decline after sell-off 10 hours ago NEW YORK (AP) -- Wall Street sagged again Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined....  Read Story.

Buffett says automakers need bailout or bankruptcy 10 hours ago OMAHA, Neb. (AP) -- Billionaire investor Warren Buffett says U.S. automakers need a new business model to better compete, whether it takes bankruptcy or a government bailout to achieve....  Read Story.

Stocks show moderate advance after sell-off 11 hours ago NEW YORK (AP) -- Wall Street took a break from two days of steep selling to show a moderate advance Friday as energy, technology and financial stocks mostly rose....  Read Story.

EU calls for boost in public spending, tax breaks 11 hours ago BRUSSELS, Belgium (AP) -- The European Commission urged the 27 EU governments Friday to boost public spending and provide tax breaks to help industry overcome the accelerating economic slowdown th  Read Story.

Stocks open higher after steep sell-off 12 hours ago NEW YORK (AP) -- Wall Street experienced some relief early Friday following a report that a pounded-down Citigroup Inc. might put itself up for sale. That prospect, along with some bargain-hunting  Read Story.

Engineers face jail in economic espionage case 12 hours ago SAN JOSE, Calif. (AP) -- Two engineers from China who pleaded guilty to the rare charge of economic espionage against the U.S. are facing sentencing Friday, in a case that highlights national secu  Read Story.

Survey shows euro-zone economy shrinking in Nov 15 hours ago LONDON (AP) -- The downturn in the euro-zone economy, particularly within the manufacturing sector, gathered pace in November amid mounting recession fears and the deepening financial crisis, a cl  Read Story.

Germany to borrow an extra euro8 billion in 2009 15 hours ago BERLIN (AP) -- Germany will have to borrow an extra euro8 billion ($10 billion) next year, as it expects to spend more even while revenues slump, the parliamentary budget committee said Friday....  Read Story.

Stocks point higher after steep sell-off 15 hours ago NEW YORK (AP) -- Wall Street looked poised to get a break from the steep sell-off of the past two days following a report that Citigroup Inc. might put itself up for sale....  Read Story.

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