Iraq blasts kill 30 people

BAGHDAD (Reuters) – Blasts at Baghdad’s police academy and in the northern city of Mosul killed 30 people and wounded dozens more on Monday, hours after a roadside bomb wounded a senior Iraqi official, police said.

Manufacturing slumps to 1981-82 recession levels

WASHINGTON (Reuters) – Factory activity dropped in November to its weakest level since the 1981-1982 recession and construction spending slumped in October, data showed on Monday, fanning fears of a protracted economic downturn.

RPT-PREVIEW-US auto slump seen rolling through November

* Sales seen down about 30 pct from year earlier
(Repeats story that ran on Nov 28, adding link to Dec 1
WRAPUP)
(For additional information on European car sales, please
click [ID:nL1337831])

Wall Street Starts Week With Sharp Decline

Its official: for the past year, the United States economy has been in recession. The evidence of an downturn has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of

Ford considers sale of Volvo, shares jump

DETROIT (Reuters) – Ford Motor Co said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand, sending Ford shares up 8 percent.

Techs stumble as chip sales fall, broad market tumbles

Technology stocks tumbled Monday morning as the broader market retreated on gloomy economic data, with poor semiconductor sales hurting chip shares. The Nasdaq Composite Index was down 5%, while the Morgan Stanley High Tech 35 Index was behind 4.9%. The

Kuwait emir accepts cabinet resignation, keeps PM

KUWAIT (Reuters) – Kuwait’s ruler has accepted the resignation of the government in a bid to end a crisis with parliament, but reappointed his nephew as prime minister, the speaker of the assembly said on Monday.

Tech Stocks: Techs stumble as chip sales fall, broad market tumbles

SAN FRANCISCO (MarketWatch) — Technology stocks tumbled Monday morning as the broader market retreated on gloomy economic data, with poor semiconductor sales hurting chip shares. The Nasdaq Composite Index (COMP:COMPNews, chart, profile, moreLast: