Asian stock markets fell Tuesday as an interest rate cut in China disappointed investors and a profit warning from Toyota Motor Corp. raised concerns the global recession would only worsen. (Dec. 23)

Alexis Christoforous reports on the latest job market trends. Analysts say that a recent rise in national unemployment rates could convince the Federal Reserve to cut interest rates.

Alexis Christoforous reports Microsoft's drop in profits has investors worried; lawmakers want President Bush to pressure OPEC to increase production; and home mortgage interest rates are rising. (CBSNews.com)

Alexis Christoforous reports on the market's dip just a day after the Fed cut interest rates; Citigroup suffered their biggest one day drop in five years; and Chrysler slashes 12-thousand jobs. (CBSNews.com)

Alexis Christoforous reports the tax rebates will find their way into bank accounts this week; The Fed is expected to lower interest rates Wednesday; and analysts predict rises in unemployment. (CBSNews.com)

North American telecoms vendor Nortel is the first major victim of the global economic crisis. After years of struggling to correct its excesses during the dotcom boom of 2000, Nortel filed for Chapter 11 Bankruptcy protection on Wednesday the day before it was due to make a $107 million interest...

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