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AP Executive Morning Briefing
Published December 2, 2008, 3:07 am, AP via Yahoo! Finance
The top business news from The Associated Press for the morning of Tuesday, December 2, 2008: Recession-hit automakers brace for grim US sales
Nearly 4% of mortgage holders 2 months behind
Published December 2, 2008, 3:06 am, Honolulu Advertiser
NEW YORK — The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.
Ford considers selling its Volvo unit
Published December 2, 2008, 3:02 am, San Diego Union-Tribune
DETROIT – Ford Motor Co. is considering selling Volvo Car Corp. as the beleaguered U.S. automaker seeks to raise cash and weather a global automotive sales crisis.
Stocks fall sharply; Dow punched down 681
Published December 2, 2008, 2:46 am, KARE 11 Minneapolis-St. Paul
Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent stocks plunging once again
After hotel-building boom, Vietnam tourism falls sharply
Published December 2, 2008, 2:45 am, EARTHtimes.org
Hanoi - An abrupt decline in the number of foreign visitors to Vietnam over the past four months has nixed the country's hopes for rapid growth in the sector this year, a senior government official said Tuesday. We can't achieve the target we set at...
IN BRIEF
Published December 2, 2008, 2:45 am, Las Vegas Review-Journal
NEW YORK
Asian markets close sharply lower on recession fears
Published December 2, 2008, 2:38 am, INO News
(RTTNews) - The stock markets across the Asia-Pacific region closed sharply lower on Tuesday after Wall Street plunged Monday on news that the U.S. has been in a recession since December 2007 and after data showed that U.S. factory activity fell to its weakest since 1982. Federal Reserve Chairman Ben Bernanke's comments that the U.S. economy remained under considerable strain also added to the ...
Fourth-worst drop ever for Dow
Published December 2, 2008, 2:33 am, San Mateo Daily Journal
NEW YORK — The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.
Yuan Trades Near Five-Month Low on Policy Shift Speculation
Published December 2, 2008, 2:32 am, Bloomberg
Dec. 2 (Bloomberg) -- China’s yuan traded near a five-month low on speculation the central bank favors a weaker currency to support exporters, two days before U.S. Treasury Secretary Henry Paulson visits Beijing to push for further appreciation.
Islamist leader calls on pirates to release ships
Published December 2, 2008, 2:24 am, AFP via Yahoo! News
Somalia's insurgent Islamist leader Sheikh Hassan Dahir Aweys called on pirates Tuesday to immediately release a giant Saudi oil tanker and other foreign vessels being held in Somali waters.
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