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    AT&T to cut 12,000 jobs due to economic downturn (AP)

    In this Sept. 30, 2008 file photo provided by AT&T Inc., Randall Stephenson, president, chief executive officer and chairman of AT&T Inc., speaks to employees at AT&T's new broadband technical support call center in Goldsboro, N.C. AT&T said Thursday, Dec. 4, 2008, it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn. (AP Photo/AT&T Inc., Jim R. Bounds, File)AP - AT&T Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force.
    Automakers back to try to sell Congress on rescue (AP)

    General Motors CEO Rick Wagoner, steps from a Chevrolet Malibu Hybrid car Wednesday, Dec. 3, 2008, at his hotel in Washington after driving from Detroit to testify at Congressional hearings on the auto industry bailout. If the Detroit Three automakers have learned anything since their last trip to Washington, it's that the old way of doing business just won't fly. So the decision by auto executives to travel in hybrid cars rather than corporate jets is just the start to overhauling their image as the industry pleads its case for $25 billion in federal loans. (AP Photo/Gerald Herbert)AP - U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants to hand their problem to the Federal Reserve.
    Retailers see sales drop in dreary November (AP)
    AP - A shopping boost on the day after Thanksgiving as consumers turned their thoughts to the holiday season couldn't save a weak November for most retailers, fueling more concerns about a bleak December and beyond amid what could be a deep and long recession.

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