The National Bureau of Economic Research declares what most Americans already knew: The downturn has been going on for some time. more The weakening economy has hit consumers hard and debts are piling up, driving a boom in debt collections. more Reports show Black Friday gains, but caution that key retail season may still end up weak. more Government report shows sales of newly built homes fell more than expected to an annual rate of 433,000 in October. more Orders fall 6.2%, marking the largest percentage decrease since October 2006. more | |  The Treasury says small companies will have a shot at Emergency Economic Stabilization Act fulfillment contracts, but history suggests big businesses will be the big winners. more  Widespread announcements of corporate job cuts deal chilling reminder that economy likely to worsen before it recovers. more |  Geithner nominated as Treasury chief, Summers picked as director of National Economic Council. more  Some companies are adding to their labels the amount of CO2 emitted when producing or transporting a product. more | |
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