http://www.cbs8.com/ en-us http://cyber.law.harvard.edu/rss/rss.html webmaster@kfmb.com The White House says a managed bankruptcy for automakers is one option being considered to help save the troubled industry.]]> http://www.cbs8.com/story.php?id=149252Business & Finance http://www.cbs8.com/story.php?id=149252 Thu, 18 Dec 2008 08:53:08 -0700 General Motors says a report that it and Chrysler have restarted talks to combine the two ailing automakers is untrue.]]> http://www.cbs8.com/story.php?id=149253Business & Finance http://www.cbs8.com/story.php?id=149253 Thu, 18 Dec 2008 08:53:47 -0700 BayernLB, the first German bank to seek state help, won EU approval on Thursday for a euro10 billion ($14 billion) cash injection from the German government to help it survive the financial crisis.]]> http://www.cbs8.com/story.php?id=149237Business & Finance http://www.cbs8.com/story.php?id=149237 Thu, 18 Dec 2008 08:46:17 -0700 Mortgage rates are falling as this week's dramatic action by the Federal Reserve provides a boost to the dismal housing market, but the nation's unemployment rolls are stuck at historically high levels amid a deepening recession.]]> http://www.cbs8.com/story.php?id=149248Business & Finance http://www.cbs8.com/story.php?id=149248 Thu, 18 Dec 2008 08:48:37 -0700 Initial claims for unemployment benefits dropped more than expected last week, but little relief for workers is in sight as companies continue to cut jobs.]]> http://www.cbs8.com/story.php?id=149250Business & Finance http://www.cbs8.com/story.php?id=149250 Thu, 18 Dec 2008 08:49:29 -0700 Oil prices continued falling Thursday to levels last seen over 4 years ago as persistent investor pessimism over global crude demand outweighed news of OPEC's largest-ever production cut.]]> http://www.cbs8.com/story.php?id=149251Business & Finance http://www.cbs8.com/story.php?id=149251 Thu, 18 Dec 2008 08:51:08 -0700 Christmas is not canceled, and Scrooge would still find plenty of merriment to cry "Humbug!" about. But from Paris to Hong Kong and beyond, families are cutting back on Christmas expenses as they try to keep the fires of festive cheer burning in tough economic times.]]> http://www.cbs8.com/story.php?id=149053Business & Finance http://www.cbs8.com/story.php?id=149053 Tue, 16 Dec 2008 08:03:08 -0700 OPEC says it is cutting 2.2 million barrels a day from its output _ the largest ever at one time _ to stem crude prices that have plummeted over 70 percent from summer highs of nearly $150.]]> http://www.cbs8.com/story.php?id=149130Business & Finance http://www.cbs8.com/story.php?id=149130 Wed, 17 Dec 2008 08:58:27 -0700 A key lawmaker says Congress will investigate the alleged $50 billion Ponzi scheme run by Wall Street money manager Bernard Madoff.]]> http://www.cbs8.com/story.php?id=149131Business & Finance http://www.cbs8.com/story.php?id=149131 Wed, 17 Dec 2008 08:59:13 -0700 World markets were mixed Wednesday as early investor enthusiasm to the U.S. Federal Reserve's decision to cut interest rates to near zero waned, amid ongoing concerns about the U.S. economy and the prospects for the dollar.]]> http://www.cbs8.com/story.php?id=149132Business & Finance http://www.cbs8.com/story.php?id=149132 Wed, 17 Dec 2008 08:59:56 -0700 General Motors Corp. says it has put the brakes on construction of a new factory in Flint, Mich., that will make engines for two of its most important new products.]]> http://www.cbs8.com/story.php?id=149133Business & Finance http://www.cbs8.com/story.php?id=149133 Wed, 17 Dec 2008 09:01:38 -0700 Honda shares dropped 4.6 percent Wednesday morning on worries about a serious slump in the global auto market after the president's year-end press conference was suddenly moved up two days.]]> http://www.cbs8.com/story.php?id=149134Business & Finance http://www.cbs8.com/story.php?id=149134 Wed, 17 Dec 2008 09:03:12 -0700 http://www.cbs8.com/story.php?id=148996Business & Finance http://www.cbs8.com/story.php?id=148996 Mon, 15 Dec 2008 15:59:28 -0700 The International Monetary Fund warned Tuesday that Montenegro's economy - one of the fastest growing in Europe - will slowdown dramatically next year amid the global financial crisis.]]> http://www.cbs8.com/story.php?id=149054Business & Finance http://www.cbs8.com/story.php?id=149054 Tue, 16 Dec 2008 08:03:30 -0700 With the recession dragging down consumer prices and home construction, the Federal Reserve is prepared to slash a key interest rate _ perhaps to an all-time low _ in a desperate bid to stem the country's economic slide.]]> http://www.cbs8.com/story.php?id=149055Business & Finance http://www.cbs8.com/story.php?id=149055 Tue, 16 Dec 2008 08:03:44 -0700 European and U.S. stock markets pushed higher Tuesday as investors looked forward to the likelihood that the U.S. Federal Reserve will reduce borrowing costs to their lowest level ever amid concerns of falling prices in the world's largest economy.]]> http://www.cbs8.com/story.php?id=149056Business & Finance http://www.cbs8.com/story.php?id=149056 Tue, 16 Dec 2008 08:04:04 -0700 Russia's industrial production plunged beyond expectations in November, fresh evidence that the economy may be entering a recession that will be deeper than previously feared.]]> http://www.cbs8.com/story.php?id=149057Business & Finance http://www.cbs8.com/story.php?id=149057 Tue, 16 Dec 2008 08:04:21 -0700 The pressure on retailers is escalating as shoppers take their time completing their holiday shopping, according to two key measure of retail sales. That's making it more likely that stores will see a rare drop in holiday sales from a year ago.]]> http://www.cbs8.com/story.php?id=149058Business & Finance http://www.cbs8.com/story.php?id=149058 Tue, 16 Dec 2008 08:04:35 -0700 The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.]]> http://www.cbs8.com/story.php?id=149085Business & Finance http://www.cbs8.com/story.php?id=149085 Tue, 16 Dec 2008 13:01:32 -0700 European and U.S. stock markets were mixed Monday, despite earlier Asian gains, amid worries about the exposure of financial institutions to an alleged $50 billion fraudulent investment scheme in the U.S.]]> http://www.cbs8.com/story.php?id=148945Business & Finance http://www.cbs8.com/story.php?id=148945 Mon, 15 Dec 2008 08:00:36 -0700 http://www.cbs8.com/story.php?id=148997Business & Finance http://www.cbs8.com/story.php?id=148997 Mon, 15 Dec 2008 15:59:29 -0700 http://www.cbs8.com/story.php?id=148998Business & Finance http://www.cbs8.com/story.php?id=148998 Mon, 15 Dec 2008 15:59:30 -0700 http://www.cbs8.com/story.php?id=148999Business & Finance http://www.cbs8.com/story.php?id=148999 Mon, 15 Dec 2008 15:59:33 -0700 Serbia's Foreign Minister said Monday that a disputed energy deal with Russia will be concluded by the end of the year despite opposition within the government.]]> http://www.cbs8.com/story.php?id=148944Business & Finance http://www.cbs8.com/story.php?id=148944 Mon, 15 Dec 2008 08:00:20 -0700 In recent years, Toyota has edged closer to overtaking General Motors as the world's biggest automaker.]]> http://www.cbs8.com/story.php?id=148943Business & Finance http://www.cbs8.com/story.php?id=148943 Mon, 15 Dec 2008 08:00:03 -0700 Just outside Milan, the countryside starts to blur as the Italian Railway's new Red Arrow high-speed train reaches its maximum velocity of 186 miles an hour (300 kilometers an hour).]]> http://www.cbs8.com/story.php?id=148942Business & Finance http://www.cbs8.com/story.php?id=148942 Mon, 15 Dec 2008 07:59:47 -0700 Argentina will spend $16.6 billion on infrastructure next year as part of a promised $20 billion public works package aimed at counteracting effects of the world economic crisis.]]> http://www.cbs8.com/story.php?id=148941Business & Finance http://www.cbs8.com/story.php?id=148941 Mon, 15 Dec 2008 07:58:06 -0700 The economic slump roaring across the world's geopolitical map poses weighty challenges, as well as some unexpected opportunities, for President-elect Barack Obama.]]> http://www.cbs8.com/story.php?id=148887Business & Finance http://www.cbs8.com/story.php?id=148887 Sun, 14 Dec 2008 08:36:26 -0700 Credit card companies could no longer boost interest rates on existing account balances if the Federal Reserve adopts new rules as written at a meeting set for Thursday.]]> http://www.cbs8.com/story.php?id=148886Business & Finance http://www.cbs8.com/story.php?id=148886 Sun, 14 Dec 2008 08:35:01 -0700 The Saudi prince who owns a double-decker "flying palace" and recently raised his bet on Citigroup lost $4 billion in the past year, according to a published report Sunday, showing that even the ultra-rich are getting pinched by the global financial crisis.]]> http://www.cbs8.com/story.php?id=148885Business & Finance http://www.cbs8.com/story.php?id=148885 Sun, 14 Dec 2008 08:33:00 -0700