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Thu, 08 Jan 2009 16:36:27 -0500

Obama pushes stimulus, warns on recession
WASHINGTON (Reuters) - President-elect Barack Obama warned on Thursday that the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan.

Thu, 08 Jan 2009 17:32:15 -0500

Citi backs Senate mortgage bankruptcy reform: senators
WASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.

Thu, 08 Jan 2009 17:31:26 -0500

Israel faces criticism as Gaza toll hits 765
GAZA (Reuters) - Recovery teams ventured into battlegrounds of the Gaza Strip on Thursday to gather bodies from the rubble, and Hamas officials said the Palestinian toll in Israel's 13 day-old offensive rose to 765 dead.

Thu, 08 Jan 2009 17:24:06 -0500

Wal-Mart and other retailers warn after weak December
CHICAGO (Reuters) - Wal-Mart Stores Inc and other top U.S. retailers delivered disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.

Thu, 08 Jan 2009 17:26:48 -0500

Madoff had $173 million in checks ready, U.S. says
NEW YORK (Reuters) - Accused swindler Bernard Madoff had signed checks totaling more than $173 million in his office desk ready to be sent out before his arrest, U.S. prosecutors said in court papers on Thursday asking a judge to jail him.

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Thu, 08 Jan 2009 19:12:00 GMT

Satyam Founder Sparks India’s Enron With Fake Reports (Update2) - Bloomberg
Jan. 8 (Bloomberg) -- Ramalinga Raju built Satyam Computer Services Ltd. into India’s fourth-biggest software maker over two decades. He undermined the company’s future with revelations that he overstated profit and falsified assets for years ...
Thu, 08 Jan 2009 20:59:00 GMT

Congress declares Obama the next president - Salon
Jan 8th, 2009 | WASHINGTON -- Barack Obama is officially the next president of the United States, Congress declared Thursday in fulfilling its centuries-old constitutional duty to certify and tally the electoral college vote from each state ...
Thu, 08 Jan 2009 22:25:00 GMT

Bush and Obama's Presidential Meeting Is Unique in History - US News and World Report
History was made yesterday when all the living presidents of the United States—Jimmy Carter, George H. W. Bush, Bill Clinton, and George W. Bush—met for lunch in the White House with President-elect Barack Obama. As noted in this Washington Post ...
Thu, 08 Jan 2009 22:25:00 GMT

UN agency suspends work in Gaza - radionz
Palestinians faced even grimmer conditions in the Gaza Strip on Thursday after a United Nations aid agency halted work, saying its staff were at risk from Israeli forces fighting Hamas militants after two drivers were killed. Israel also came under ...
Thu, 08 Jan 2009 16:41:00 GMT

Gazprom to resume natural gas flow - Globe and Mail
BRUSSELS/MOSCOW — Ukraine's natural gas chief says he wants Russia to provide extra fuel to boost the flow of gas before his company can allow Russia to send the fuel back into a freezing European Union. Russia's Gazprom has announced it will ...

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Thu, 08 Jan 2009 23:24:37 GMT

Back down
THE interim Government has reversed tax measures it imposed on the Vatukoula Gold Mine, with the project now reverting to some arrangements that were in place before the military takeover.
Thu, 08 Jan 2009 23:24:34 GMT

Mumbai attacks seen as model for future terrorism
The deadly attacks in India may have provided a low-frills but bloody blueprint for other violent groups to follow, U.S. anti-terrorism officials told Congress on Thursday.
Thu, 08 Jan 2009 23:24:19 GMT

Search abandoned for NJ baby's body, lost in trash
Thu, Jan 8, 2009 Police who searched dumps in three states for the remains of a baby thrown out in a Jersey City hospital's trash gave up Thursday, saying they had little chance of success.
Thu, 08 Jan 2009 23:24:16 GMT

Boeing Problems Postpone Airbus Freighters
Delays in production of Boeing's new 787 Dreamliner passenger aircraft are postponing production of freighters by rival manufacturer Airbus.
Thu, 08 Jan 2009 23:24:16 GMT

Obama picks lobbyist as Pentagon No. 2
President-elect Barack Obama, who deliberately distanced himself from lobbyists during his campaign and his transition, appointed a defense contractor's lobbyist Thursday to become his No.

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