Today on Reuters (1/5)
Yang to step down
Yahoo CEO Jerry Yang will step down as soon as the board finds a replacement, sending shares up 4 percent on hopes the departure would clear the way for a deal with Microsoft. Full Article | Video
Auto deal no cure-all
Analysis: A rescue package for automakers could well avert another stock market plunge, but it is highly unlikely to herald an end to the market's malaise. Full Article | Full Coverage
Obama, McCain meet
Barack Obama and John McCain met for the first time since the election and pledged to work together on the financial crisis and other challenges. Full Article | Full Coverage
Buy now, pay later losing its appeal
By choice or by force, more consumers are putting away their credit cards as the financial crisis reshapes attitudes toward spending and debt. Full Article
Going home to ashes
Thousands of Southern Californians returned home to find their houses burned to the ground, or miraculously intac, after a wind-whipped weekend firestorm swept through bone-dry canyons and hillsides. Full Article
More bad news?
The Producer Price Index, a key gauge of inflation, along with results from Home Depot will set the tone for the day. Factbox
The Great Debate (1/4)
Lack of resolve
The G20 summit must be considered a disappointing failure, even by the relatively low expectations set for the event, writes John Kemp. Leaders produced a long agenda of further studies, but failed to tackle even the most fundamental decisions. Commentary
Recovery?
Cutting interest rates will be pretty ineffective with this recession, and while you can throw everything you have at saving the banking system, you can't make people and businesses borrow money and put it to work, writes James Saft. Commentary
FDR's lessons
The papers have been full of comparisons between the elections of Barack Obama and Franklin Roosevelt. With so much speculation about the transition, it seems natural to ask if there are any lessons to be drawn, writes economist and author Liaquat Ahamed. Commentary
Easing begins
Quietly, without fanfare, the Federal Reserve is flooding the market with enough excess liquidity to refloat the banking system in hopes of preventing the economy from falling into a prolonged slump, writes columnist John Kemp. Commentary
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Crisis in Credit
Follow the financial crisis using our interactive video timeline. Track the global impact on our interactive map. Full Coverage
The Ugly American
Columnist Bernd Debusmann examines whether this label and anti- American sentiments abroad will fade following Barack Obama's election. Commentary | Full Coverage
Consumer Credit
The mortgage-inspired crisis infecting markets may be followed by even bigger problems borne out of growing credit card debt. Take a closer look. Full Coverage
Painting the United Nations
Spanish artist Miquel Barcelo uses over 100 tones of paint on a ceiling at the United Nations' European headquarters in Geneva.Obama, McCain pledge unity
Nov 15 - President-elect Barack Obama and vanquished rival John McCain met for the first time since the election-- pledging to work together Play Video
