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Dow drops nearly 680 on consumer spending worries
The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. All the major indicators fell more than 7 percent, with the Standard & Poor's 500 index down nearly 9 percent.
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Panel: U.S. in recession since last December
Many economists believe the current downturn will last until the middle of 2009, and will be the most severe slump since the 1981-82 recession.
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Early Christmas tree sales up in N.C.
After one weekend, Christmas tree farms in western North Carolina appear to be standing tall in the face of a struggling economy.
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Retailers offer deals, discounts on 'Cyber Monday'
Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyber Monday" to try to get consumers tired of the crowds at stores to keep shopping.
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Lose your job? You soon can apply for unemployment benefits by phone
North Carolina will be first state to offer voice-recognition system, Employment Security Commission says.
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- It's a Frazier fir for White House Christmas tree
Nov. 30, 2008 - Co-founder of N.C.-based lender attacked
Nov. 29, 2008 - Port workers in 13 states will need new ID card
Nov. 28, 2008 - Organizers consider pottery festivals successful
Nov. 27, 2008 - Veterinarian uses honey on injured sea turtles
Nov. 27, 2008
- It's a Frazier fir for White House Christmas tree
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- Illinois firm to add 79 jobs at N.C. automated equipment control device plant
Posted at 11:43 a.m. - Ben Craig Center exec joins Customer Connect
Updated at 10:58 a.m.
- Illinois firm to add 79 jobs at N.C. automated equipment control device plant
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- Fuel-cell powered devices getting closer
Updated at 12:01 a.m. - Clearwire to market WiMax under "Clear" brand
Updated 19 minutes ago - Shoppers cautious with gadget buys on Black Friday
Nov. 28, 2008 - Sling.com like video site Hulu with a twist
Nov. 26, 2008 - Carl Icahn raises his stake in Yahoo
Nov. 28, 2008
- Fuel-cell powered devices getting closer
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- Down we go again: Fourth-worst drop ever for Dow
Posted 4 minutes ago - Dow plunges on news recession began in Dec. 2007
Updated 2 minutes ago - JPMorgan cutting 9,200 jobs at Washington Mutual
Posted at 3:54 p.m. - Ford weighs selling Volvo amid industry downturn
Updated 27 minutes ago - Pilgrim's Pride files for bankruptcy protection
Updated 59 minutes ago - Oil tumbles below $50 as recession called
Updated at 4:27 p.m. - J&J to buy breast implant maker Mentor for $1.07B
Updated at 5:01 p.m.
- Down we go again: Fourth-worst drop ever for Dow
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- Dirty teeth reveal ancient diet
Posted at 5:02 p.m. - Space shuttle glides to safe landing in California
Posted at 3:32 a.m. - Food crunch opens doors to bioengineered crops
Nov. 30, 2008 - Mandates driving surge to the river for hydropower
Updated at 12:01 a.m. - 150 whales die in stranding in Australia
Nov. 30, 2008
- Dirty teeth reveal ancient diet
- Philanthropy Journal
- Support grows for N.C. zoo
Nov. 26, 2008 - Education endowment studies merge
Nov. 25, 2008 - Wealthy seek connection in giving
Nov. 25, 2008 - Greensboro United Way midway in drive
Nov. 25, 2008
- Support grows for N.C. zoo
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