November 21, 2008, 6:04 pm MST | login | register

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MSNBC Business News — Business news from MSNBC.com

Employers slash jobs by most in 5 years

Stocks drop after a gloomy jobs report

Stocks tumbled for a second consecutive session Friday after the government's much-anticipated February employment report came in weaker than expected.

Investors spooked by credit risks

It's not just subprime loans. These days, just about anyone holding a piece of the roughly $40 trillion in securities backed by debts is asking: Just how much are these things worth?

President Bush: ?Our economy has slowed?

Federal Reserve moves to ease the credit crisis

The Federal Reserve said Friday it is taking bigger steps to ease the United States' credit crisis, including increasing the amount of money it will auction to banks this month to $100 billion (euro64.86 billion).

Oil prices jump to new record high

Oil prices jumped to a new record above $106 Friday but extended their recent pattern of choppy trading after a weak U.S. jobs report.

Bond insurer Ambac raises $1.5 billion

Bond insurer Ambac Financial Group Inc said on Friday it sold $1.5 billion of shares and convertibles, protecting the company from ratings cuts but not satisfying some analysts who wanted the company to raise more.

Dollar hits new low against the euro

The dollar sank to a new low Friday against the euro, which extended its first-ever rise above $1.54 after data showed U.S. job cuts hitting the biggest monthly number in five years.

10 Tips: How to prepare for a layoff

Even if you feel secure in your job at this moment in time, you could be hit with an unexpected layoff at almost any moment. These tips can help you be prepared.

Your Biz blog: Don't beat deadbeats

Mortgage delinquencies hit 23 year high

World markets tumble amid U.S. worries

Islamic banks give London world financial clout

It's complicated: Who pays on dates

Judge dismisses challenge to online betting law

A judge has dismissed a challenge to a ban on Internet gambling brought by an online gambling association, but gave the group standing to challenge the law in appeals court.

Barbicide makers have big expansion plans

Senate passes foreign made toy safety bill

Responding to record recalls of products that sickened children, the U.S. Senate passed legislation Thursday that would toughen inspections of toys and other playthings.

Bonehead Biz: Wii game plays with cheerleaders