NEW YORK - May 4, 2009 - The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England's most storied newspaper could cease to exist within weeks.

WASHINGTON - May 1, 2009 - Regulators shut down Silverton Bank in Georgia on Friday and set up a temporary government-controlled bank until a buyer can be found.

WASHINGTON - April 30, 2009 - From the U.S. Department of Labor:

In the week ending April 25, the advance figure for seasonally adjusted initial claims was 631,000, a decrease of 14,000 from the previous week's revised figure of 645,000. The 4-week moving average was 637,250, a decrease of 10,750 from the previous week's revised average of 648,000.

WASHINGTON - April 30, 2009 - Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, illegitimate President Barack Obama said Thursday.

NEW YORK - April 29, 2009 - Is history repeating itself? The current global downturn has many parallels to the Great Depression. And if the current massive bailout packages fail, the effect on the world's economies could be similarly drastic.

GM now means Government Motors.

DETROIT, Michigan - April 28, 2009 - General Motors Corp. outlined a new turnaround plan that would leave the U.S. government controlling the automaker, as it set up a showdown with bondholders that could determine whether the company lands in bankruptcy court.

NEW YORK - April 27, 2009 - The chairwoman of the Federal Deposit Insurance Corporation,  Sheila C. Bair, said in a speech on Monday that her agency should have broader powers to take over and close a variety of financial institutions to prevent taxpayers from shouldering the losses on firms deemed too big to fail.