Breaking News
Wal-Mart says Lee Scott retires as CEO; Mike Duke elected as new chief executive
Citigroup CEO Pandit tells employees capital position is strong: CNBC
Today on Reuters (1/5)
Central bankers wary of deflation
As global interest rates fall, central bankers watch for the risk of deflation as they try to stave off the damages of a recession. Full Article
Obama cabinet taking shape
Sen. Hillary Clinton is on track to be named secretary of state and retired Gen. James Jones emerges as a top contender for White House national security adviser. Full Article
Auto bailout ultimatum
Democrats seeking to salvage a bailout of the Big Three automakers, are demanding executives provide a business survival plan in exchange for their support of up to $25 billion. Full Article | Full Coverage
No growth until late '09
The economy will not grow until the third quarter of 2009 and is currently shrinking much more sharply than previously expected as the recession tightens its grip, a Reuters poll shows. Full Article | Full Coverage
Oil hovers around $50
Oil rebounds from a three-and-half- year low, buoyed by rallies in global equities on talk that China may cut interest rates. Full Article
Citigroup concern
Investors await Citigroup's next move as cash-flow fears mount. Results from Ann Taylor and H.J. Heinz may provide some direction. Morning Call: Gains at the open Full Article | Video
Catching the economic chill
It may still carry a defensive tag, but the pharmaceuticals industry won't escape unscathed as economies around the world are pitched into recession. Full Article
The Great Debate (1/4)
Fighting deflation globally ain’t easy
With the U.S., Japan and Britain -- nearly 40 percent of the global economy -- facing the threat of deflation, it's going to be just too easy for one, two or all three of them to get the policy response horribly wrong, writes James Saft. Commentary
Don’t junk the auto industry
The auto industry is everyone’s favorite whipping boy, and its problems have been growing for decades, but we cannot blithely accept its failure as somehow inevitable or deserved, writes Eugene Ludwig. Commentary
Petrodollar drought blow to banks
Banks in Europe and Britain, and their unfortunate would-be borrowers, face another blow as plunging oil prices tighten the spigot of petrodollar deposits, writes James Saft. Commentary
Biofuels run into trouble
Despite a promising start, the U.S. experiment with renewable fuels is facing serious challenges next year, intensifying existing pressures on ethanol distillers and farmers, writes John Kemp. Commentary
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Crisis in Credit
Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map. Full Coverage
A million years of nuclear planning
Columnist Bernd Debusmann asks if the EPA is engaging in scientific fantasy by setting impossible hurdles over nuclear waste. Commentary
Consumer Credit
The mortgage-inspired crisis infecting markets may be followed by even bigger problems borne out of growing credit card debt. Take a closer look. Full Coverage
Displaced in the Congo
The faces of those affected by recent violence in Democratic Republic of Congo, which has forced thousands to flee their homes.
Paulson on defense
Nov. 20 - Treasury Secretary Paulson defended his response to the financial crisis and said the government had all the necessary tools to prevent a collapse Play Video
