WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he hoped a plan to spare homeowners facing mortgage-rate spikes would be ready by week's end and expressed faith the economy would dodge recession despite the deep housing slump.
SEATTLE (Reuters) - Federal Reserve policy-makers on Monday gave a sober assessment of the U.S. economy as renewed financial market turmoil cast a shadow on growth prospects.
NEW YORK (Reuters) - Mobile phone maker Motorola Inc , which announced last week that Chief Executive Ed Zander will step down, said on Monday its chief technology officer, Padmasree Warrior, had left the company to pursue other opportunities.
NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Monday he doesn't expect the largest U.S. mortgage lender to file for bankruptcy protection, saying the "elements are certainly not there."
DETROIT (Reuters) - U.S. auto sales slipped in November, led by an 11 percent drop at General Motors Corp , as a weak housing market and higher gasoline prices kept buyers from showrooms and heightened concern that the industry was headed for a deepening downturn.
NEW YORK (Reuters) - U.S. retailers should report improved monthly sales on Thursday helped by November's cooler weather and the Thanksgiving holiday shopping weekend.
NEW YORK (Reuters) - Merrill Lynch & Co Inc named NYSE Euronext Chief Financial Officer Nelson Chai as its new CFO on Monday, less than a month after bringing in NYSE CEO John Thain to clean house.
NEW YORK (Reuters) - U.S. stocks fell on Monday after fresh data pointed to a weakening manufacturing sector and uncertainty surrounded emerging plans to shore up the mortgage market.
NEW YORK (Reuters) - U.S. prosecutors plan to call Berkshire Hathaway Inc's Warren Buffett as a witness in a criminal trial of former officers of its General Re Corp reinsurance unit, according to a court filing on Monday.
