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Negotiations intensify on final stimulus plan

 WASHINGTON (AP) — Negotiators for Congress and the White House have tentatively settled on a $790 billion price tag on President Barack Obama's economic stimulus bill and are working to narrow differences on individual elements of the bill.


GM to cut 10,000 salaried jobs

 NEW YORK (AP) — General Motors Corp. said Tuesday it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry's history.


Wholesale inventories plunge by most in 16 years

WASHINGTON (AP) — Wholesalers cut back on their inventories in December by the largest amount in 16 years, slashing stockpiles amid the deepening recession.


Geithner pledges forceful attack on banking crisis

WASHINGTON (AP) — Treasury Secretary Timothy Geithner says the new administration will wage an aggressive two-front battle against the worst financial crisis in seven decades, while the Federal Reserve expands a key lending program to up to $1 trillion.


Nissan to slash 20,000 jobs and sees annual loss

 TOKYO (AP) — Nissan announced 20,000 job cuts Monday, the deepest reduction among Japan's automakers in battling the global downturn, as it forecast its first annual loss in nine years.

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