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Business and financial news - CNNMoney.com Updated : The Big 3 Depression risk The U.S. auto industry weathered the Great Depression. But there are some fears that its current crisis could cause another one. Publ.Date: Thu, 20 Nov 2008 20:38:08 EST Source: CNN.com JPMorgan cutting investment bank staff Publ.Date: Thu, 20 Nov 2008 18:59:39 EST Source: CNN.com Auto bailout: Not now, maybe later With the prospects of an auto bailout this week all but dead, Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan. Publ.Date: Thu, 20 Nov 2008 17:16:14 EST Source: CNN.com Financial crisis could have happy ending I was thinking about the financial mess the other day and I came up with this theory. I'm wary of it because it's comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes: Publ.Date: Thu, 20 Nov 2008 20:08:35 EST Source: CNN.com S&P 500 sinks 6.7% to '97 low Wall Street slumped Thursday afternoon and the S&P 500 closed at an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff. Publ.Date: Thu, 20 Nov 2008 18:35:50 EST Source: CNN.com

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