Auto bailout could be tied to gov't-run overhaul

The government would order a major restructuring of Detroit's struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.

Oil plummets on dire US jobs figures

Oil prices plummeted Friday as the already battered market reacted to unexpectedly high U.S. unemployment figures -- the latest dramatic evidence of recession in the world's largest market for crude.

Export ABCs: Cargo Insurance

Most people involved in international trade, with the exception of insurers themselves, have only a slight grasp of cargo insurance basics.

Oil sinks below USD42 after US jobs data

Oil fell below USD42 a barrel on Friday, its lowest since January 2005, after a gloomy report on U.S. job losses underscored concern about weakening energy demand in the world's top consumer.

Shock US jobless figures rattle markets

U.S. employers cut staff numbers by 533,000 in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy.

Celtics Go For 11th Straight Win Vs. Blazers

The defending NBA champion Boston Celtics shoot for their 11th straight win Friday when they welcome the much improved Portland Trail Blazers to TD Banknorth Garden.

Forum Communications not interested in Star Tribune

Speculation has surfaced in recent days that the financially distressed Minneapolis Star Tribune could be sold to one of several buyers, including Forum Communications Co.

Daybreak Update

Good Morning, welcome this Newschannel 34 Daybreak Update. I'm Colleen McCoy. Today is Friday December 5th.

United Airlines Chief Executive Glenn Tilton to Chair Air Transport Association Board

Tilton, who succeeds former Northwest Airlines Chairman and CEO Douglas M. Steenland in this role, will serve a two-year term.

FIA boss calls for radical revision of Formula One costs after Honda pullout

The head of motor sport's world governing body called for a "radical revision" of Formula One costs on Friday after Honda announced it was pulling out of the glamorous racing circuit.