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Today on Reuters 

Richard Wagoner (L), CEO and chairman of General Motors speaks with Ron Gettelfinger, UAW President, before testifying at the Senate Banking Committee hearing on the financial assistance package for the big Detroit automakers on Capitol Hill, December 4, 2008.

Automakers' blueprint 12:10pm ET

The CEOs of the Big Three auto companies pledged to refocus on fuel efficiency and lower production costs as they asked Congress again for billions of dollars in emergency cash.  Full Article | Full Coverage 

Commentary: Bail out the car buyers
Autos eye bankruptcy for bailout: report
White House: Too soon to judge
Auto woes leave Mexico in the balance
Blog: What do you think?
Richard Wagoner (L), CEO and chairman of General Motors speaks with Ron Gettelfinger, UAW President, before testifying at the Senate Banking Committee hearing on the financial assistance package for the big Detroit automakers on Capitol Hill, December 4, 2008.

Automakers' blueprint 12:10pm ET

The CEOs of the Big Three auto companies pledged to refocus on fuel efficiency and lower production costs as they asked Congress again for billions of dollars in emergency cash.  Full Article | Full Coverage 

Commentary: Bail out the car buyers
Autos eye bankruptcy for bailout: report
White House: Too soon to judge
Auto woes leave Mexico in the balance
Blog: What do you think?
The AT&T logo in an undated photo. REUTERS/Handout

AT&T cuts 12,000 jobs 10:55am ET

AT&T says it will eliminate 12,000 jobs, about 4 percent of its workforce, as it joins a raft of corporations trying to slash costs amid the economic downturn.  Full Article | Full Coverage 

Layoffs mount as crisis drags on
DuPont to cut 2,500 jobs
Weekly jobless claims fall
Blog: Are you worried?

investing

A man carries shopping bags through a mall in Sydney June 2, 2008. REUTERS/Will Burgess
Posts loss, shares rise

In a sector strained by the recession, home-goods retailer Williams-Sonoma reported a smaller-than-expected loss and said it amended a $300 million credit line providing for more relaxed covenants.  Full Article 

James Saft
Credit cards unkindest cut
James Saft

Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits.  Commentary 

to

Commodities

Commodity Last Pct Chg Trade Date/Time
Oil 44.22 -2.76% 04 Dec 2008 12:01 EST
Gold 777.0 +1.09% 04 Dec 2008 12:04 EST

Reuters Business Blogs

  • DealZone
  • MediaFile
  • Shoptalk
Photo
Crisis in Credit

Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map.  Full Coverage 

Photo
The drug war insanity

Albert Einstein defined insanity as doing the same thing repeatedly and expecting different results. It's a definition that fits the war on drugs, says columnist Bernd Debusmann.  Commentary 

Shoppers pass a window display at the high-end luxury goods maker Gucci along 5th Avenue in New York, November 19, 2008.
Holiday Shopping

Retailers and shoppers are adjusting to the impact of the financial crisis, especially during the busy holiday season. Take a closer look.  Full Coverage 

Pictures

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Luxury on display
11:23am EST 
The Lux Only exhibition in Sofia displays various luxury brands which attract a lot of attention but they rarely get sold as Bulgarians still have the lowest incomes in the European Union.
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Video

Play Video Play VideoVideo 
Pakistan gives Rice Mumbai assurance

Dec 4 - U.S. Secretary of State Condoleezza Rice says Pakistan has given assurances of its commitment to round up anyone connected to the Mumbai attack.  Play Video

 
India uses fishermen for security
Harper addresses nation
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