global recession

AP - Asian stocks markets were thrown into a tailspin Tuesday as flustered investors fearing a possible global recession continued to flee stocks.

AP - Failure by Congress to raise the U.S.

There have been some positive signs this week that the global recession may be easing, but many U.S. consumers seem skeptical.

Retail sales for some large chains declined over the last quarter. Nordstrom, Macy's and J.C. Penney's all posted losses.

But TJX, which owns mega discount chains T.J. Maxx and Marshalls, bucked the trend and saw its profits rise 27 percent.

The German toy producer Marklin makes model trains loved around the world. But the 150-year-old firm is now seeking bankruptcy protection, a victim of the global recession and alleged company mismanagement.

Some believe avid fans of the trains could save the endangered toymaker.

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