GM shares tumble 31 percent to 58-year low
Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level in more than 58 years after Standard & Poor's said the automaker's credit could fall further into junk status due to the "rapidly weakening state" of the global automotive market.
Nations:U.S. Activities:2008 Automakers Downturn Source:(AP)
2008-10-09
300 suspected illegal immigrants caught in SC raid
Federal agents swept through a chicken processing plant Tuesday, detaining more than 300 suspected illegal immigrants, sending panicked workers running and screaming through the hallways. Worried relatives collected outside, fearful their loved ones would be deported.
Nations:Guatemala U.S. Activities:2006 U.S. Immigration Row Source:(AP)
2008-10-07
Onus on McCain to turn presidential race his way
WASHINGTON - One month before Election Day, Barack Obama sits atop battleground polls in a shrinking playing field, the economic crisis is breaking his way and he has made progress toward winning the White House.
Nations:U.S. People:Barack Obama Sarah Palin Joseph Biden John McCain John Kerry Activities:US Election 2008 Source:(AP)
2008-10-04
Michigan Republicans oppose McCain pullout
In the aftermath of John McCain's decision to pull out of Michigan, Republicans in the state are expressing shock and bewilderment at his move—and aren't willing to cede the state's 17 electoral votes just yet.
Nations:U.S. People:John McCain Sarah Palin Barack Obama Activities:US Election 2008 Source:(Politico)
2008-10-04
McCain pulling out of Michigan
John McCain is pulling out of Michigan, according to two Republicans, a stunning move a month away from Election Day that indicates the difficulty Republicans are having in finding blue states to put in play.
Nations:U.S. People:Sarah Palin Barack Obama John McCain Activities:US Election 2008 Source:(Politico)
2008-10-02
Poll: Obama takes a 7-point lead over McCain
WASHINGTON - Barack Obama has surged to a seven-point lead over John McCain one month before the presidential election, lifted by voters who think the Democrat is better suited to lead the nation through its sudden financial crisis, according to an Associated Press-GfK poll that underscores the mounting concerns of some McCain backers.
Nations:U.S. People:Sarah Palin Joseph Biden Barack Obama John McCain John Kerry Activities:US Election 2008 Source:(AP)
2008-10-01
Obama, McCain seek political gain in credit crisis
DES MOINES, Iowa - White House rivals John McCain and Barack Obama combined televised attack ads with statesmanlike appeals for bipartisanship on Tuesday as they vied for political gain in the shadow of the worst economic crisis since the Great Depression.
Nations:U.S. People:Barack Obama Joseph Biden John McCain Activities:2007 Global Credit Crunch US Election 2008 Source:(AP)
2008-09-30
Debate offers Palin, Biden high risks, big rewards
NEW YORK - For an audition to be second fiddle, Thursday's debate between often ill-informed newcomer Sarah Palin and often gaffe-prone veteran Joe Biden offers unusually large pitfalls -- and promise.
Nations:Pakistan U.S. Russia People:Joseph Biden Sarah Palin Barbara Boxer Barack Obama Tina Fey John McCain Activities:US Election 2008
2008-09-30
Stocks surge higher; credit worries persist
NEW YORK - Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.
Nations:U.S. Germany Japan France Activities:2008 U.S. Financial Rescue U.S. Markets Source:(AP)
2008-09-30
Obama, McCain give measured support for bailout
WASHINGTON - Democrat Barack Obama and Republican John McCain on Sunday gingerly embraced a newly negotiated congressional deal for a $700 billion bailout of the hobbled financial industry.
Nations:U.S. People:John McCain Sarah Palin Joseph Biden Barack Obama Activities:2008 U.S. Financial Rescue US Election 2008 Source:(AP)
2008-09-28
New polls give Obama economic edge
SAGINAW, Michigan (AFP) - A flurry of new polls in vital White House battlegrounds Tuesday showed Democrat Barack Obama getting a clear boost from the financial crisis as voters blame Republicans for the meltdown.
Nations:U.S. People:Sarah Palin Hamid Karzai Henry Paulson Joseph Biden Barack Obama John McCain Activities:2008 U.S. Financial Rescue US Election 2008
2008-09-23
Foreclosure filings increase, but at slower rate
Foreclosure filings in August increased 27 percent compared to the same month a year ago, a significantly slower pace than in previous months, according to data released Thursday.
Nations:U.S. Activities:2007 Global Credit Crunch Source:(AP)
2008-09-12
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