2009

January

• Economic Gloom Sinks Stocks

• Economy shrinks at 3.8 percent pace at end of 2008

• Exxon Mobil sets record with $45.2 billion profit

• Economy likely shrank at fastest clip since ‘82

• Capital Spending Continues to Fall

• On second thought, never mind about that bailout

• Americans receiving jobless benefits hit record

• Gov’t to report on jobless claims as layoffs rise

• Ford loses $5.9B in 4Q, says still won’t seek aid

• Wells Fargo loses $2.8 billion in 4Q

• Best Buy announces layoffs on top of buyouts

• Target cuts 1,000 positions at Minn. headquarters

• Struggling Sprint Nextel to eliminate 8,000 jobs

• GM to lay off 2,000 workers, cut production

• Tens of thousands more layoffs are announced

• Pfizer agrees to buy Wyeth for $68 billion

• Economic forecasters see more job cuts ahead

• Others could follow Google’s move to reset options

• Microsoft to slash 5,000 jobs, misses on 2Q profit

• New jobless claims rise more than expected to 589K

• Obama Team Pushes to Complete Rescue as Stocks Plunge

• Banks Pull Dow Under 8000

• IBM sees strong ‘09 profit, but recent sales down

• California labors to meet jobless demand Unemployment checks

• Wall Street rebounds after banks report big losses

• Gasoline price plunge pushes consumer prices down

• Falling Banks Pull Down Market

• Delta estimates 2,000 workers to take severance

• Citigroup posts $8.29B loss, splits up the company

• Bank Turmoil Sinks Stocks Citi’s Long Dive Continues as Deutsche Bank Warns

• Economy starts `09 on weaker footing; outlook dim

• Retail sales plummet 2.7 percent in December

• Supervalu begins closing stores

• Bernanke: Obama stimulus would lift economy

• Tax cuts will be part of the stimulus act

• Jobless rate jumps to 7.2 percent in December

• Citigroup Anti-Foreclosure Plan Would Alter Loans

• Target, other retailers face tough road ahead

• Retailers report dismal December sales

• Pink slips pile higher amid deepening recession

• Markets Struggle Amid Latest Economic Reports

• Chrysler sales drop 53 percent; other carmakers not much better

• Bleak Sales in December Cap a Grim Year for Automakers

• Credit Freeze Puts A Chill On Startup Companies

• Banks have money to loan, but many tightening criteria

• World markets kick off 2009 brightly

• Companies vow to change mortgage terms—for a price