Jan. 18 - U.S. stocks reversed gains to close lower after scant details of a White House economic stimulus plan failed to ease recession concerns. The Dow lost just under 60 points to 12,099. The S&P 500 lost 8 points to 1,325. The Nasdaq gave up 6 points to 2,340.
Conway Gittens reports from New York.
Jan. 18 - President Bush unveiled a $140 billion stimulus package of tax cuts and other measures to shore up the fragile U.S. economy. While there is a political consensus that the economy needs help, there are still questions whether consensus will translate into policy. Deborah Lutterbeck reports.
Jan. 10 - U.S. stocks enjoyed their strongest two-day rally of 2008 after reports Bank of America is in serious talks to buy Countrywide Financial. The Dow jumped 117 points to 12,853. The S&P 500 rose 11 points to 1,420. The Nasdaq gained 13 points to 2,488.
Conway Gittens reports from New York.
May 9 - Wall Street rallies after Federal Reserve policymakers keep interest rates unchanged.The Dow Industrials gained 54 points to 13362.The S&P 500 and Nasdaq also gained ground. Oil prices fell, boosting shares in manufacturing companies.Walt Disney reported weaker revenues than Wall Street had expected. And Cisco disappointed with its profit forecast.Sasha Salama reports.
Jan 23 - Richard Branson's Virgin Galactic showed off models of a spaceship it hopes will take spacetravel mainstream. Trips will initially cost about $200,000 and will eventually go down in price. That's far less than the $20 million reported cost of businessman Dennis Tito's trip on a Russian spacecraft in 2001, considered the first space tourist. Bobbi Rebell reports.
Jan 23 - What began as a US housing problem mushroomed into a crisis that shook stock markets around the world.The global nature of this week's stock market plunge debunks the theory that foreign investors are immune because the U.S. economy is "decoupled" from Europe and Asia. Quite the contrary, says Goldman Sachs International vice chairman Robert Hormats: "It's a recoupling of sorts."
May 30 - Microsoft co-founder Bill Gates unveils the Microsoft Surface, a tabletop computer that reacts to touch.The 30-inch display screen is mounted under a plastic tabletop and will initially cost $5,000 to $10,000. It will, at first, only be available in select hotels, casinos, and T-Mobile stores in November.
Mar. 13 - The woman who reportedly forced the resignation of New York Governor Eliot Spitzer now has a face. The New York Times story about the woman who reportedly forced the resignation of New York Governor Eliot Spitzer was the among the most popular articles on the newspaper's website Thursday reflecting the public's interest in the woman's identity. Jon Decker reports.
US Swimmer Michael Phelps has shot at breaking Mark Spitz's record for most gold medals won by an American in a single Olympics. Mark Spitz who won seven gold medals at the Munich Olympic Games in 1972. Michael Phelps has won six Olympic gold medals.
Deborah Lutterbeck reports.
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