updated 12:17 am EST

Federal jury clears Chevron of Nigeria abuses

A federal jury on Monday cleared Chevron Corp. of responsibility for any human rights abuses during a violent protest on a company oil platform in Nigeria a decade ago.

INDUSTRIES

JPMorgan cutting 9,200 jobs at Washington Mutual

4,000 will be cut by the end of January, and the remaining will lose their positions by the end of 2009.(Dec 01)

GLOBAL MARKETS

U.S. Stocks Slip as Factory Activity Declines

U.S. stocks fell on Monday after reports of contracting manufacturing activity worldwide in November shows that global economic crisis could be deepening.(Dec 01)

POLITICS & POLICY

It's official: US has been in a recession all year

The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. (Dec 01)

INDUSTRIES

Bernanke: lower interest rates are "feasible"

Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but warned on their efficacy. (Dec 01)

INDUSTRIES

Pilgrim's Pride files for Chapter 11 bankruptcy

The largest US chicken producer filed for Chapter 11 on Monday(Dec 01)

IBT Features

Bloggers provide raw view of Mumbai attacks

AP File Photo

Recession-hit automakers brace for grim US sales

As the CEOs of all three companies prepare for a return trip to Washington this week seeking $25 billion in government loans to help them survive a worldwide economic slump, their debt likely will be scrutinized as Congress decides if they can once again become viable with help from the government. Full Story

Quote of the day

I strongly advocate making great efforts to pursue transgenic engineering.

Wen Jiabao, Chinese Premier
With food demand forecast to increase by half by 2030, the incentive to use genetic engineering to boost harvests and protect precious crops from insects and other damage has never been greater.

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