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07 January 2009

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  • Investors boost world stocks (Reuters)

     

    A trader makes a phone call during the first trading day inside the Philippine Stock Exchange in Manila January 5, 2009. (Cheryl Ravelo/Reuters)

    Reuters - Investors jumped into equities on Monday, the first full day of 2009 trading for many, as low prices and hopes for a global economic recovery later this year prompted a shift into riskier assets.


  • Obama seeks $310 billion in tax cuts (Reuters)

     

    U.S. President-elect Barack Obama speaks at a news conference in Chicago, where he introduced his economic team, in this December 18, 2008 file photo. (Jeff Haynes/Files/Reuters)

    Reuters - President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior policymakers warned could be a prolonged period of economic stagnation and deflation.


  • Regulators probed Madoff eight times over 16 years: report (Reuters)

     

    Bernard Madoff walks back to his apartment in New York December 17, 2008. (Shannon Stapleton/Reuters)

    Reuters - Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal said.


  • Fed, ECB prepare to tackle deflation head-on (Reuters)

     

    The Federal Reserve Building in Washington while the Fed is inside meeting, October 29, 2008. (Larry Downing/Reuters)

    Reuters - Officials from the Federal Reserve and the European Central Bank on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession.


  • Sony may announce drastic cost cuts: media (Reuters)

     

    People walk out from Sony Corp's headquarters in Tokyo December 9, 2008. (Toru Hanai/Reuters)

    Reuters - Japan's Sony Corp is likely to announce closures of Japanese factories and major divisions early next month, the Times of London said on Monday, but the company denied any such plan existed.


  • US stocks face headwinds despite New Year rally (AFP)

     

    Traders work on the floor of the New York Stock Exchange moments before the closing bell in December 2008 in New York City. US stocks may have started the New Year with a bang but experts see major headwinds for the market as the new administration of Barack Obama moves rapidly to eject the economy from prolonged recession.(AFP/Getty Images/File/Spencer Platt)

    AFP - US stocks may have started the New Year with a bang but experts see major headwinds for the market as the new administration of Barack Obama moves rapidly to eject the economy from prolonged recession.


  • Private equity group buying IndyMac assets (Reuters)

     

    A logo on the IndyMac Bank corporate headquarters building is seen in Pasadena, California July 8, 2008. (Danny Moloshok/Reuters)

    Reuters - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.


  • Plan B for retirees who counted on home equity (AP)

     AP - The safety net is almost gone, the nest egg is cracking.

  • HK toy makers urge Li & Fung to pay up for failed US retailer (AFP)

     

    File photo shows visitors at a Hong Kong Toy Fair. More than 40 Hong Kong toy makers who lost money following the collapse of US retailer KB Toys said Monday they would be seeking compensation from trading firm Li & Fung.(AFP/File/Mike Clarke)

    AFP - More than 40 Hong Kong toy makers who lost money following the collapse of US retailer KB Toys said Monday they would be seeking compensation from trading firm Li & Fung.
Yahoo! News: Business Mon, 05 Jan 2009 08:12:19 GMT

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