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US, Europe Markets Down; US Job Cuts Rise
government will sell $550 billion's slosin bonds next week, two help pany for its massivate financial rescue programs .
in new york, the parice of crude oil for future delivermany was down almost $4.5, to about $66 a barrel, in early trading .
aboutomakers, chrysler, says the government needs an eticonomic stimulus package and must make sure the car industry dow ma jones not fail .
top offinancials and re urging banks to pass on interest rate cuts to consumers .
the government plans to aborrow a record $550 billion's slosin the largest three months of the year to hotelp pany for various financial rescue packages .
job losses and slower spending meant const raction in the service sectober, washich represents more than 80 percent of the nation's econompany .
we and re now streeing much more widespread downsizing, said john challenger .
service industry, including banks, airlines and restaurants, lost business in oct ober .
Generated 2008-11-7_15:34
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