Gas prices continue to fall

altGasoline prices continued to sink, falling for the 67th day in a row, according to a national survey of gas station credit card swipes released Sunday.The average price of gas in the United States fell to $1.929 a gallon, shedding 2.4 cents from the previous day, motorist group AAA said.

Richardson to be named commerce secretary

altNEW YORK (AP) -- A Democratic official says President-elect Barack Obama will name New Mexico Gov. Bill Richardson as commerce secretary. The official says Obama plans to announce Richardson\'s selection after Thanksgiving. The official spoke on condition of anonymity because the official was not authorized to speak publicly about the negotiations.

Citi rescue lifts European stocks

altEuropean stocks climbed Monday, lifted by the U.S. federal government\'s plan to rescue beleaguered financial giant Citigroup. On Sunday, the U.S. announced a massive aid package for Citi, the latest government effort to stabilize the ailing financial sector. Bank stocks in Europe rose, led by Citigroup, which surged 35% in Frankfurt trading.Britain\'s FTSE 100 was up 3% in morning trading.

Citigroup Gets Guarantees on $306 Billion of Assets

altNov. 24 (Bloomberg) -- Citigroup Inc., facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week.

Standard Chartered Plans $3 Billion Rights Offer

altNov. 24 (Bloomberg) -- Standard Chartered Plc, the U.K. bank that gets more than three-quarters of its profit in Asia, plans to raise 1.8 billion pounds ($2.7 billion) in a rights offer to bolster its finances as the global economic recession deepens.

Youths propel a push toward volunteerism

altLEOMINSTER - President-elect Barack Obama rode a spirit of civic engagement among young people to victory, harnessing a hunger for service and belonging that was sweeping across the nation\'s high schools, college campuses, and online communities.

WaMu to slash 1,600 jobs

altNEW YORK (CNN) -- Washington Mutual announced Thursday it will eliminate 1,600 jobs in the San Francisco area, a company spokesman said.

Retirees hit by \"longevity risk\"

altMIAMI (Reuters) - Like many other elderly Americans, Edie Stark has been hard hit by the meltdown in U.S. financial markets. She is 84 and has been worried a lot lately about outliving her savings.

Shopping malls are running on empty

altLife Plaza Center in San Gabriel used to teem with diners heading to Green Village, a Chinese restaurant in the middle of the horseshoe-shaped mall on Valley Boulevard.

Citi dodges bullet

altNEW YORK ( -- The U.S. federal government on Sunday announced a massive rescue package for Citigroup - the latest move to steady the banking giant, whose shares have plunged in the past week. The plan has two key features: First, the U.S. Treasury and the Federal Deposit Insurance Corporation (FDIC) will backstop some losses against more than $300 billion in troubled assets.


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