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Even if the economy continues to deteriorate, economists generally agree that the United States is not heading for another Great Depression.
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Declining subscriber fees at the AOL online unit and lower ad revenue at the Time publishing business pushed down second-quarter earnings.
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Connecticut accused the mortgage giant of steering customers into mortgages they could not afford. California, Florida and Illinois have also sued Countrywide.
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The wireless carrier cited severance and other costs for its second-quarter loss, but the company said it had slowed the loss of customers.
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Wall Street failed to anticipate how wide-reaching problems with mortgage bonds would spread into seemingly distant corners of the financial markets, the report said.
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The chairman of General Motors, Rick Wagoner, has the ?nified support·of the board and will continue to lead the troubled automaker, G.M.? lead outside director said.
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