Initial jobless claims fall, hinting of recovery

Date: Thu, 30 Apr 2009 12:01:28 -0400

Initial jobless claims fall, hinting of recovery

First-time filing for state unemployment benefits fell in the latest
week, a possible sign that the worst of the recession may be over.

CHRYSLER BANKRUPTCY 'IMMINENT' , WSJ

Chrysler is all but certain to file for bankruptcy following a
breakdown in talks between the Treasury and the car maker's lenders,
The Wall Street Journal reports.

BONDHOLDERS PROPOSE TO SWAP DEBT FOR GM CONTROL

General Motors bondholders on Thursday will present a counteroffer to
the automaker's debt swap that would relieve creditors of their $27
billion of debt
in return for a majority stake in the company.

EXXON NET DOWN 58% ON LOWER OIL PRICES

Exxon Mobil Corp. said Thursday first-quarter profit dropped by 58% on
lower oil prices and slack energy demand in the face of the global
recession.

ECONOMIC REPORT: CONSUMER SPENDING TAKES ONE STEP BACK IN MARCH

Consumer spending and incomes take a step back in March after two
steps forward in January, a sign that the improvement in the consumer
sector in the first
quarter was fragile and tentative.