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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.

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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.

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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.

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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.

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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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