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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 21:42:00 GMT

RETAIL: Sales woes widespread, slow Wal-Mart - North County Times
NEW YORK ---- Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy. As the figures confirmed fears ...
Thu, 08 Jan 2009 15:30:00 GMT

S&P cuts PNC ratings after National City purchase - Cleveland Plain Dealer Blog
NEW YORK -- Standard & Poor's has cut its investment-grade credit ratings on PNC Financial Services Group Inc. by one notch, due to some concerns over the bank's acquisition of National City Corp. Standard & Poor's Ratings Services said the ratings ...
Thu, 08 Jan 2009 21:49:00 GMT

EU, Russia strike deal on monitoring gas flow - WTOP Radio
BRUSSELS, Belgium (AP) - The European Union said Thursday that gas supplies should restart after it struck a deal with Russia on supervising the flow of gas through Ukraine . Russia cut off natural gas supplies to Europe on Tuesday during freezing ...
Wed, 07 Jan 2009 16:00:00 GMT

Time Warner, Intel, Alcoa Fall - Wall Street Journal
A round of corporate warnings and cutbacks pushed stocks of Time Warner, Intel and Alcoa lower Wednesday in a broad market retreat. The Dow Jones Industrial Average recently fell 183.35 points, or 2%, to 8831.75. The S&P 500 lost 21.02, or 2.3%, to ...
Thu, 08 Jan 2009 19:26:00 GMT

The Seeds Of The Satyam Scandal - Forbes
Until the past few weeks, the corporate headquarters of Satyam Computer was an island of calm a short drive outside the bustling city of Hyderbad. Flags of countries representing Satyam's customers line the driveway leading to the front door ...

Topics News
Thu, 08 Jan 2009 22:58:50 GMT

Five Things You Missed in the Whale ...
Australia and Japan are gearing up for their annual whale wars fought in the perilous waters of Antartica.
Thu, 08 Jan 2009 22:58:27 GMT

Gold prices advance moderately as dollar weakens
Gold prices pulled off a moderate advance Thursday, but other commodities slumped for a second straight day as a profit warning from Wal-Mart Stores Inc.
Thu, 08 Jan 2009 22:58:20 GMT

Exporters lay groundwork for 2009,
Despite the global financial crisis that is seriously affecting the countrya s economy, many exporters are in reasonable shape, thanks to their good preparations.
Thu, 08 Jan 2009 22:58:20 GMT

Exxon CEO calls for carbon tax over cap-and-trade
Exxon Mobil Corp.'s chief executive on Thursday called for a carbon tax over a cap-and-trade system, citing transparency and effectiveness.
Thu, 08 Jan 2009 22:58:17 GMT

Ex-Secret Service agent picked for Mo. safety job
A former U.S. Secret Service agent and retired Anheuser-Busch security director will lead the Missouri Department of Public Safety.

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