The UK economy likely declined 1.5% in the last three months of 2008, its worst performance in 28 years, a study reports.
More US workers lost jobs in 2008 than in any year since World War II, with employers axing 2.6 million posts.
Frozen food retailer Iceland buys 51 former Woolworths stores, and says it plans to create 2,500 new jobs.
Florida company offers boat tours of foreclosed homes.
ABC's Tanya Rivero and Dan Arnall on the dismal job numbers from 2008.
Jan. 9 - As the economic recession deepens, the unemployment rate surged to the highest level in 16 years pushing investors to the sidelines.
“He who would learn to fly one day must first learn to stand and walk and run and dance; one cannot fly into flying.” - Friedrich Nietzsche
“There is no way to peace. Peace is the way.” - A. J. Musti
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