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Reuters - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive action to halt home foreclosures, and said write-downs of principal may need to be part those efforts.

Reuters - The chief executives of the major U.S. auto companies pledged to refocus on higher fuel efficiency and lower production costs as they asked Congress again on Thursday for billions of dollars in emergency cash.

Reuters - Stocks briefly added to losses on Thursday, sending benchmark indexes close to session lows as a continued drop in oil prices pushed down shares of energy companies, including Exxon Mobil .

Reuters - Top U.S. phone company AT&T Inc. said it would eliminate 12,000 jobs, or about 4 percent of its workforce, a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales.

Reuters - Many retailers posted sharply lower November sales at stores open at least a year, prompting some investors to pour into the sector on hopes the dismal results signaled a bottom for share values.

AFP - The London stock market opened down slightly on Thursday as investors awaited a key interest rate decision from the Bank of England.

AP - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.

AP - Retailers—with Wal-Mart the notable exception—limped through a miserable November that even a surge of shopping after Thanksgiving couldn't save, marking the weakest month since at least 1969 and deepening fears that the critical holiday period could be the most dismal in decades.