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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 21:28:00 GMT

Northwest flooding closes roads, stalls commerce - Idaho Statesman
Interstate 5 is covered by the flooding Chehalis River Thursday morning, Jan. 8, 2009, in Chehalis, Wash. Rain and high winds lashed Washington state Wednesday, causing widespread avalanches, mudslides, flooding and road closures from rapid snowmelt ...
Thu, 08 Jan 2009 20:30:00 GMT

SHOOTING BY OAKLAND OFFICER SPARKS ANGER - New York Post
Heavy police presence greeted Bay Area Rapid Transit commuters Thursday, a day after more than 100 people were arrested in violent protests over the fatal shooting of an unarmed black man by a transit police officer. At least three cars were set on ...
Tue, 06 Jan 2009 23:53:00 GMT

Stocks Tumble As Time Warner, Intel, Alcoa Take Dive - Huffingtonpost.com
NEW YORK — A warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks with their biggest losses in a month Wednesday. The news upended some investors' hopes for a speedy economic recovery ...
Thu, 08 Jan 2009 21:35:00 GMT

Downtown L.A. Macy's Is 1 Of 11 Stores Closing - CBS 2 KCAL 9
Macy's says it will close 11 underperforming stores in 9 states - affecting 960 employees - after one of the weakest holiday seasons in years. Stores slated for closure include locations in Los Angeles, West Palm Beach, Nashville and St. Louis, among ...
Thu, 08 Jan 2009 15:23:00 GMT

UPDATE 2-HSBC says won't cut holding in China's BoCom - Reuters UK
SHANGHAI, Jan 8 (Reuters) - HSBC Holdings will not cut its strategic stake in China's Bank of Communications, the banks said on Thursday amid investor concern that more foreign institutions might sell their holdings in Chinese lenders. In separate ...

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Thu, 08 Jan 2009 23:29:18 GMT

Meltdown 101: The importance of same-store sales
Retailers confirmed fears that the dismal holiday shopping season was the worst in decades when they reported December same-store sales - a figure the retail sector relies on to periodically take its own ...
Thu, 08 Jan 2009 23:28:57 GMT

ONGC suspends agitating officers
Dibrugarh, Jan. 8: The Oil and Natural Gas Corporation Ltd today suspended six agitating officers as the nationwide oil strike entered its second day today, raising fears of refineries in Assam being closed ...
Thu, 08 Jan 2009 23:28:46 GMT

Accident at San Luis Obispo airport closes runway
An accident at San Luis Obispo County Regional Airport closes a runway and cancels an incoming flight.
Thu, 08 Jan 2009 23:28:41 GMT

Flurry Of Bills Introduced In Nebraska Legislature
An Omaha lawmaker is taking aim at employers in the fight over illegal immigration.
Thu, 08 Jan 2009 23:28:40 GMT

Seligman LaSalle International Real Estate Fund, Inc. (NYSE: SLS)...
Seligman LaSalle International Real Estate Fund, Inc. today announced changes to its distribution policy.

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