United States

Thursday, October 16th 2008 - 20:00 UTC
US industrial production record down; inflation flat

United States industrial production posted the biggest monthly decline since 1974 while consumer prices were flat in September, according to reports Thursday. Adding to the gloom a factory index for the Philadelphia region hit an 18-year low this month.
Wednesday, October 15th 2008 - 20:00 UTC
CBS/NYT poll gives Obama 14 points lead over McCain

The United States Democratic presidential nominee Barack Obama is entering the third and final presidential debate Wednesday with a wide lead over Republican rival John McCain, according to the latest CBS News/New York Times poll.
Tuesday, October 14th 2008 - 20:00 UTC
Obama proposes new jobs tax credit and foreclosure relief

Democratic US presidential candidate Barack Obama unveiled on Monday an “economic rescue plan for the middle class” at a campaign event in Toledo, Ohio.
Tuesday, October 14th 2008 - 20:00 UTC
US unveils plan to purchase 250 billion USD stake in banks

The US government announced a 250 billion US dollars plan to purchase stakes in a wide variety of banks in an effort to restore confidence in the sector. President George W Bush said the move would help to return stability to the US banking sector and ultimately help preserve free markets.
Sunday, October 12th 2008 - 20:00 UTC
Talks to consolidate US automakers GM and Chrysler

The Unites States automobile giants General Motors and Chrysler are in talks about a possible merger, according to reports in the US media. Apparently talks have been going on for a month but details of the deal are not clear and neither party has made any direct official comments.
Sunday, October 12th 2008 - 20:00 UTC
Bipartisan support for US plan to purchase private bank equities

Two United States Treasury Secretaries James Baker and Lawrence Summers spoke out in favour of the need for the federal government to assume partial ownership of US banks during the Sunday morning television show “This week”.
Saturday, October 11th 2008 - 21:00 UTC
Obama supports Paulson's plan to buy equities in banks

United States presidential candidate Barak Obama on Friday welcomed a plan by Treasury Secretary Henry Paulson to buy equity in financial institutions if necessary to halt market turmoil.
Thursday, October 9th 2008 - 21:00 UTC
US spiraling debt clock in Times Square runs out of digits

United States government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiraling figure.
Wednesday, October 8th 2008 - 21:00 UTC
Lack of credit is forcing US car dealerships to close

The financial crisis is hurting automotive dealers across United States and could contribute to an estimated 700 dealerships closing this year, the US National Automobile Dealers Association Chairwoman Annette Sykora said on Tuesday.
Tuesday, October 7th 2008 - 21:00 UTC
Lehman Brothers CEO took home 300 million USD in pay

The head of failed United States investment bank Lehman Brothers told Congress on Monday that he took home about 300 million US dollars in pay and bonuses over the past eight years.