Business news for Fri, 28 Mar 2008 & with word recession. 28 news.

With a recession looming, management moxie is at a premium

Vincent Tchenguiz, the property entrepreneur, is seeing parallels between the markets now and the recession in the early 1990s, when his property holdings were almost wiped out by the fall in asset values

NEW YORK (MarketWatch) -- U.S. stocks on Friday fell for a third day, with two of the three major indexes poised for weekly losses, as a warning from J.C. Penny Co. weighed and economic data spurred further signs of a recession. The Dow Jones Industrial Average fell 86.06 points to 12,216.40, off 1.2% for the week. The S&P 500 declines 10.54 points to 1,315.22, off 1.1% for the week, while the Nasdaq Composite was off 19.65 points to 2,261.18, giving it a modest weekly gain of 0.1%.

The Queen has cancelled her diamond wedding anniversary celebrations as she felt it would be 'inappropriate' to hold them while recession looms

Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

As the economy teeters between bad and worse, one question looms: What's the best course of action? Here's what can be done. And what can't

WASHINGTON - Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

U.S. consumers' confidence fell to a 16-year low in March, pointing to recession, as worries over fading job prospects and rising inflation clouded the outlook, a survey showed on Friday.

Featured links from the CNET Blog Network Hackers target Facebook apps --Hackers have turned their attention to Facebook's hundreds of independent applications. The results are not terribly surprising, but do not tell a good tale. Oracle and Red Hat earnings: Is Red Hat weathering the recession best? --Oracle and Red Hat both reported solid earnings, but Oracle's shares plummeted on fears of recession. Red Hat, meanwhile, raised its FY 2009 estimates. Is open source the safe investment bet? If the Sirius/XM merger goes through who's going to pay for it? --It may be their business, but will the subscribers have to pay for the Sirius/XM merger? Supreme Court says parties can't contract around the arbitration rules --The U.S. Supreme Court ruled that arbitration agreements cannot be written to expand judicial oversight of the arbitration process. In the near term, this will make binding arbitration a bit more binding.

Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

AP - Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

US consumer income rose more than expected in February, but in a sign of the anxiety felt by many Americans as the economy teeters on the brink of recession, personal spending was virtually flat

Reuters - U.S. consumers' confidence weakened to the lowest in 16 years in March, pointing to recession, as worries over fading job prospects and rising inflation clouded the outlook, a survey showed on Friday.

Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

American consumers turned in their weakest spending performance in 17 months in February, further evidence that recession risks are increasing.

Oracle and Red Hat both reported solid earnings this week, but Oracle's shares plummeted on fears of recession. Is open source the safer investment bet?

Consumer spending in February was the weakest in 17 months, further evidence that the risks of a recession are increasing

Reuters - U.S. personal income rose more than expected in February as the economy teetered on the brink of a recession, while both personal spending and a key price measure increased only slightly, a government report showed on Friday.

There is a one in three chance of the UK going into a recession over the next two years, a report says.