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Recession to worsen, deflation a risk: report

San Diego (Reuters) - The "nasty" U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released on Thursday said.

Additionally, a sustained retreat in prices for goods and services is a very real possibility that would further drag on the economy, according to the forecasting unit's report.

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Recession keeps more Americans home for holidays

WASHINGTON (Reuters) - More Americans will stay close to home during the holiday season because of financial woes instead of traveling to see family, marking the first decline in Thanksgiving travel since 2002, a motorist group said.

The American Automobile Association expects 600,000 fewer people to travel more than 50 miles from their homes this Thanksgiving, the fourth consecutive U.S. holiday where travel has declined.

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Nissan offers zero percent loans on five models

DETROIT (Reuters) - Nissan Motor Co Ltd said on Friday it is offering interest free loans on five vehicle models to boost sales and assist buyers sidelined by the credit squeeze.

Nissan's loan offer covers the Nissan Murano SUV, Sentra, Altima, Versa cars and Rogue crossover SUV and is available for a term of three years.

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Boeing machinists approve contract, return to work

SEATTLE (Reuters) - Boeing Co's 27,000 assembly workers voted to approve the company's four-year contract offer on Saturday, ending a strike that has stopped production at the plane maker's Seattle area plants for 57 days.

The International Association of Machinists and Aerospace Workers walked off the job on September 6 after rejecting Boeing's initial offer, demanding better pay and limits on outsourcing. It was the fourth strike in 20 years by Boeing's biggest union.

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One in five homeowners with mortgages under water

NEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.

About 7.63 million properties, or 18 percent, had negative equity in September, and another 2.1 million will follow if home prices fall another 5 percent, according to a report by First American CoreLogic.

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Gay marriage votes may show changing U.S.

LOS ANGELES (Reuters) - Gay couples are not hiding any more and that has made all the difference, said health care administrator Linda Merkens before Tuesday's vote in California that will decide the legality of same-sex marriage there.

It's one of several important ballot measures voters will face in states across the country on Election Day.

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World

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Technology

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Life and Style

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Health

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