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• Federal-Employee Unions Angered as Bush Bars National Security Workers

  Government unions yesterday criticized a White House executive order that bars certain workers at five federal departments from joining a union because they are engaged in intelligence gathering, investigations and other national security work. Posted Dec 02 2008, 04:00 PM by washingtonpost.com - Business Filed under: Bush, The White House, George W. Bush, As, U.S. Department of Justice, Barack Obama, Colleen M. Kelley, National Treasury Employees Union, Workers, Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Department of Homeland Security, American Federation of Government Employees, Security, National, Jimmy Carter, Unions, Angered, Office of International Affairs, Bars, U.S. Immigration and Customs Enforcement, Scott M. Stanzel, Peter Winch, Federal-Employee

• Stocks Tank as Recession Declared

  Investors were in full retreat yesterday, sending stocks tumbling after a panel of economists confirmed that the country has been in a recession for about a year. Posted Dec 01 2008, 04:00 PM by washingtonpost.com - Business Filed under: Wall Street, United States, JP Morgan Chase & Co., Ben Bernanke, U.S. Department of Commerce, Europe, Bank of America Corporation, Exxon Mobil Corporation, Stocks, Dow Jones & Co. Inc., Citigroup Inc., As, Connecticut, Asia, Japan, New York Mercantile Exchange Inc., Chevron Corporation, Oppenheimer Holdings Inc., First Horizon National Corporation, Christopher Low, U.S. Institute for Supply Management, Recession, Westport, Meredith Whitney, Tank, National Bureau of Economic Research, The National Retail Federation, Laszlo Birinyi Jr., Declared, Birinyi Associates Inc.

• As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie'

  Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. Posted Nov 26 2008, 04:00 PM by washingtonpost.com - Business Filed under: U.S. Federal Reserve, Bethesda, Alexandria, The, of, As, Winchester, Bailout, Freddie Mac Holdings, Fannie Mae, Northern Virginia, Mike Larson, Loan, Fairfax County, Loudoun County, Borrowers, Seek, Leesburg, Vienna, Rates, OlympiaWest Mortgage Group, 'Taste, Intuit Quicken, Bob Walters, Fall,, Presidential Bank, Quicken Loans Inc., Bob Walker, Jennifer Du Plessis, Tom Powell, Pie', Brian Bonnet, Vivianne Couts

• Consumers Forgoing Retailers' Discounts as Fear Sets In

  The American consumer is scared stiff. New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound savings and... Posted Nov 26 2008, 04:00 PM by washingtonpost.com - Business Filed under: Washington, DC, Wall Street, U.S. Federal Reserve, Henry M. Paulson, University of Maryland, U.S. Small Business Administration, In, U.S. Department of Commerce, Dow Jones & Co. Inc., As, Mortgage Bankers Association, Neil Irwin, National Association of REALTORS, Consumers, Global Insight Inc., Peter Morici, Sets, Brian Bethune, Fear, Retailers', Discounts, Forgoing, Jed Smith

• Obama Chooses Peter Orszag as Chief of Office of Management and Budget

  Not long ago, the men and women minding the federal budget were pure number crunchers. But in choosing Peter R. Orszag to run the Office of Management and Budget, President-elect Barack Obama indicated yesterday that the job will have a more expansive portfolio in his administration. Posted Nov 25 2008, 04:00 PM by washingtonpost.com - Business Filed under: Georgetown University, of, and, Citigroup Inc., As, Barack Obama, Office, Obama, Robert Bennett, Chief, Princeton University, Budget, Freddie Mac Holdings, Fannie Mae, Alan S. Blinder, Capitol Hill, U.S. Office of Management and Budget, Robert Rubin, Jason Furman, The Brookings Institution, Alice Crites, Lawrence Summers, U.S. Congressional Budget Office, Management, chooses, University of California-Berkeley, Kent Conrad, Judd Gregg, National Economic Council, Lexington (Massachusetts), London School of Economics and Political Science, Joseph Stiglitz, Peter Orszag, Glenn Kessler, Ron Wyden, Orszag, Jonathan Orszag, Peter

• Obama Picks N.Y. Fed President Geithner as Treasury Secretary

  President-elect Barack Obama has selected New York Federal Reserve Bank President Timothy F. Geithner as Treasury secretary, handing the post to a primary architect of the Bush administration's response to the financial crisis, according to Democratic and industry officials yesterday. Posted Nov 21 2008, 04:00 PM by washingtonpost.com - Business Filed under: Washington, DC, Wall Street, New York, United States, Bear, Stearns & Co. Inc., Fed, Henry M. Paulson, U.S. Department of Commerce, Georgetown University, The White House, The Washington Post Company, Dow Jones & Co. Inc., Lehman Brothers Inc., Citigroup Inc., Federal Reserve Bank of New York, As, President, Mexico, Hillary Clinton, Barack Obama, Illinois, Obama, Chicago, Bill Clinton, N.Y., Asia, Russia, Goldman Sachs Group Inc., Daniel K. Tarullo, U.S. Office of Management and Budget, Bill Richardson (Politician), U.S. Senate Committee on Banking, Housing, and Urban Affairs, Robert Rubin, University of Chicago, Jason Furman, The Brookings Institution, U.S. House of Representatives, Treasury, Penny Pritzker, Secretary, Timothy Geithner, U.S. Senate, Austan Goolsbee, Lawrence Summers, New Mexico, U.S. Congressional Budget Office, United Nations, Picks, Kent Conrad, White House Council of Economic Advisers, Anne E. Kornblut, Chris Cillizza, National Economic Council, American International Group Inc., Geithner, Scott Talbott, Geithner Treasury, Joining Summers

• Wal-Mart Names Its Global Chief as CEO

  Wal-Mart made the surprise announcement yesterday that Mike Duke, the head of its international division, will replace H. Lee Scott Jr. as chief executive of the world's largest retailer next year as its foreign business continues to grow rapidly in scale and importance. Posted Nov 21 2008, 04:00 PM by washingtonpost.com - Business Filed under: United States, JP Morgan Chase & Co., Europe, U.S. Securities and Exchange Commission, As, India, Mexico, Its, Chief, China, Germany, South Korea, Asia, Names, Service Employees International Union, Wal-Mart Stores Inc., SAM'S West Inc., Conservation International Foundation, Glenn Prickett, CEO, Eduardo Castro-Wright, Global, Latin America, Wal-Mart, H. Lee Scott, Wal-Mart Watch, David Nassar, Charles Grom, Battalia Winston International, Rob Walton, Bentonville, David Tovar, Mike Duke, Joe Carideo, The Seiyu Ltd.

• As Support for Auto Aid Stalls, Efforts Shift to GOP Loan Plan

  Congressional allies of the auto industry were rushing late yesterday to put together a bipartisan aid package for faltering Detroit car companies, but lawmakers said they may leave town today without taking action. Posted Nov 19 2008, 04:00 PM by washingtonpost.com - Business Filed under: Washington, DC, Wall Street, to, Henry M. Paulson, for, The White House, Aid, As, General Motors Corporation, Harry Reid, Alabama, Nancy Pelosi, U.S. House Committee on Financial Services, Barney Frank, Capitol Hill, Efforts, Detroit, Plan, Chrysler Holding LLC, Loan, Support, Spencer Bachus, Carl Levin, Dana Perino, Kit Bond, George Voinovich, auto, Shift, Bob Nardelli, GOP, Alan R. Mulally, Rick Wagoner, Gary Ackerman, Stalls,

• Answers Trickle Out as Spammer Networks Remain Compromised

  At about 4:30 p.m. Eastern time last Tuesday, the volume of junk e-mail arriving at inboxes around the world suddenly plummeted by about 65 percent. Confronted with information that one Silicon Valley computer firm was hosting organizations that controlled the distribution of much of the world's... Posted Nov 18 2008, 04:00 PM by washingtonpost.com - Business Filed under: United States, United Kingdom, Europe, U.S. Secret Service, As, Out, Networks, Atlanta, Federal Bureau of Investigation, Silicon Valley, Answers, Remain, McColo Corp., Unspam Technologies, Compromised, Joe Stewart, Matthew Prince, Trickle, Spammer, SecureWorks Inc.

• Holiday Jobs Dry Up as Economy Weakens

  This is the time of year when retail jobs are supposed to be as plentiful as holiday cheer, when stores gear up for the Christmas rush by filling their sales floors with college students, moonlighters and anyone else looking to shore up their income. Posted Nov 16 2008, 04:00 PM by washingtonpost.com - Business Filed under: Washington, DC, Gaithersburg, Economy, California, As, Alabama, Dry, Up, U.S. Bureau of Labor Statistics, Jobs, Best Buy Co. Inc., Columbia Heights, Annapolis (Maryland), Toys "R" Us Inc., Weakens, The National Retail Federation, Holiday, Megan Waters, Aon Corporation, Nina Ivey, Robert Delissio, John Thrailkill, Bass Pro Shops Inc., Virginia Barbeque, Dan Russell, The Container Store Inc., Xina Eiland, Dan Butler, John Challenger

• As Summit Starts, Emerging Economies Gain New Clout

  When world leaders gathered last night for a White House dinner on the eve of a major economic summit, the faces around the table were not just those of the Europeans and Japanese who normally mix in the highest circles of diplomacy. This time, heads of state from the across the developing world,... Posted Nov 14 2008, 04:00 PM by washingtonpost.com - Business Filed under: United States, Europe, The White House, George W. Bush, New, As, India, The World Bank Group, International Monetary Fund, China, Brazil, Russia, Japan, South Africa, Arlington, Canada, Switzerland, Emerging, Saudi Arabia, National Press Club, Gain, Argentina, G-8, Summit, National Building Museum, Angela Merkel, Economies, Luiz Inacio Lula da Silva, Taro Aso, Pamela Constable, Clout, Recep Tayyip Erdogan, Sam Palmer, Starts,, Suddeutsche Zeitung GmbH, G20 Industrial Nations

• Stocks Plunge as Retailers Report Lower Sales

  Wall Street ended another volatile week of trading in the red, staging a steep sell-off yesterday amid mounting evidence that the financial crisis has drained consumers' desire to shop. Posted Nov 14 2008, 04:00 PM by washingtonpost.com - Business Filed under: Wall Street, United States, U.S. Department of Commerce, Stocks, Dow Jones & Co. Inc., As, NYSE Euronext, Chevron Corporation, Richmond, Sales, Report, Nokia Corporation, J.C. Penney Co. Inc., Global Insight Inc., Plunge, Lower, Brian Bethune, James Cox, ConocoPhillips Company, Retailers, Harris Financial Group

• Gloom Goes Up Around Globe as Signs Point Down

  Evidence of a broad global recession continued to accumulate yesterday, with U.S. officials reporting a spike in jobless claims, Germany confirming that its economy has shrunk for six consecutive months, and the Paris-based Organization for Economic Cooperation and Development projecting a... Posted Nov 13 2008, 04:00 PM by washingtonpost.com - Business Filed under: United States, Europe, Dow Jones & Co. Inc., As, Goes, Down, Up, International Monetary Fund, China, Germany, Asia, London, Japan, Wal-Mart Stores Inc., Intel Corporation, Signs, Paris, Gloom, Point, International Energy Agency, High Frequency Economics, Ian Shepherdson, Around, Organisation for Economic Co-operation and Development, Federal Statistical Office of Germany, Jorgen Elmeskov, Globe

• Deadline Nears for Banks as Treasury Program Progresses

  NEW YORK, Nov. 10 -- Publicly traded banks have until Friday to apply for capital injections from the Treasury Department, and it will take "a few months" for the government to invest all of the $250 billion that was set aside for preferred-stock investments in financial firms, according to the... Posted Nov 10 2008, 04:00 PM by washingtonpost.com - Business Filed under: New York, JP Morgan Chase & Co., Henry M. Paulson, for, Bank of America Corporation, Citigroup Inc., U.S. Department of the Treasury, As, Morgan Stanley, Goldman Sachs Group Inc., PricewaterhouseCoopers LLP, Deadline, Motorola Inc., Banks, Treasury, Securities Industry and Financial Markets Association, Nears, Office of Financial Stability, Neel Kashkari, Program, Don McLellan, Progresses, Howard Schweitzer, James Lambright

• Stocks Gain as China Announces Stimulus Plan

  Stocks gained in early trading today after China announced a $586 billion economic stimulus package. Posted Nov 10 2008, 02:52 AM by washingtonpost.com - Business Filed under: Stocks, As, China, Plan, Announces, Gain, Stimulus