Reuters
Mexican Billionaire Salinas Pliego May Bid for Circuit City
Bloomberg - 29 minutes ago
By William Freebairn Jan. 9 (Bloomberg) -- Ricardo Salinas Pliego, Mexico’s fourth-richest man, may bid for bankrupt US electronics retailer Circuit City Stores Inc., according to a spokesman for the billionaire.
Circuit City talks with 2 possible suitors Bizjournals.com
Business isn't getting easier for Best Buy MarketWatch
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Wall Street Journal Blogs
Citigroup Statement on Rubin's Departure; Rubin's Letter
Wall Street Journal - 30 minutes ago
NEW YORK - Citi today announced that Robert E. Rubin has retired as Senior Counselor effective today and has decided not to stand for re-election as Director at Citi's Annual Meeting.
Rubin Said to Be Stepping Down at Citigroup New York Times
Rubin Resigns Citi Posts TheStreet.com
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AFP
Verizon Wireless completes Alltel deal
Bizjournals.com - 34 minutes ago
Verizon Wireless entered into an agreement with Alltel and Atlantis Holdings, an affiliate of private investment firm TPG Capital and GS Capital Partners, to acquire Alltel in a cash transaction.
Verizon Wireless Completes $28.1 Billion Alltel Buy CNNMoney.com
Verizon Wireless Completes Purchase of Alltel; Creates Nation's ... FOXBusiness
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RTT News
KB Home reports worse-than-expected quarterly loss
Reuters - 38 minutes ago
NEW YORK, Jan 9 (Reuters) - KB Home (KBH.N) posted a worse-than-expected quarterly loss, sending its shares lower, but an upward revision to its cash generation forecast and some positive commentary helped the stock pare much of its losses.
Moaning The Drugstore And Home-Builder Blues Forbes
KB Home narrows 4Q loss, but home sales plummet The Associated Press
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NBC4i.com
SBA Disaster Assistance Available to Private Non-Profit ...
FOXBusiness - 38 minutes ago
ATLANTA, Jan 09, 2009 (BUSINESS WIRE) ----The US Small Business Administration announces that certain Private Non-Profit Organizations (PNPs) that do not provide critical services of a governmental nature may be eligible to apply for low interest rate ...
SBA offering economic Web chats Bizjournals.com
SBA-Backed Biz Loans Plummet By 57% Looking Fit
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The Southern Ledger
Sheriff jailed for pocketing money meant for inmate meals
CNN - 52 minutes ago
By Ashley Broughton (CNN) -- A federal judge ordered a north Alabama sheriff jailed earlier this week, saying the lawman intentionally served jail inmates "woefully insufficient" meals in order to pocket more than $200000.
As His Inmates Grew Thinner, a Sheriff’s Wallet Grew Fatter New York Times
Latest Prison Food Dispute Lands Ala. Sheriff in Prison findingDulcinea
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WELT ONLINE
Yushchenko: Russia statements humiliate Ukraine
Reuters - 53 minutes ago
KIEV, Jan 9 (Reuters) - Ukrainian President Viktor Yushchenko said on Friday Russian accusations that Ukraine stole gas meant for Europe were untrue and were intended to humiliate his country.
Video: Ukraine is blackmailing us Putin RussiaToday
Ukraine Dispute's A Gas For Norway Forbes
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Reuters
Fed's Lacker: Fed cash flood poses inflation risks
Reuters - 53 minutes ago
By Mark Felsenthal LINTHICUM, Maryland (Reuters) - The Federal Reserve's dramatic dumping of money into the economy poses inflation risks down the road, and the central bank may need to raise interest rates before credit markets have completely ...
Lacker Says Fed Loan Programs ‘Fraught With Risks’ Bloomberg
Fed’s Lacker says government financial ‘safety net’ must be scaled ... Bizjournals.com
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Greenbrier Cos. reports Q1 loss
Bizjournals.com - 1 hour ago
The Greenbrier Cos. on Friday reported a first-quarter loss of $3.3 million in a railcar market with surplus of inventory and customers deferring capital spending.
Greenbrier Q1 loss wider than expected, shares tank Reuters
Greenbrier swings to fiscal 1Q loss Forbes
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Reuters
Boeing cutting 4500 jobs
CNNMoney.com - 1 hour ago
The aircraft maker, which had been adding jobs during the last year's labor market downturn, will undo its staffing gains with move.
Boeing to Cut 4500 Jobs at Commercial-Airplanes Unit Wall Street Journal
Boeing Cuts 4500 Commercial Jobs as Economy Weakens Bloomberg
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Wall Street Journal Blogs
Rambus Patents Ruled Unenforcable Against Micron
CNNMoney.com - 1 hour ago
NEW YORK -(Dow Jones)- Memory chip designer Rambus Inc. (RMBS) cannot enforce patents against Micron Technology Inc. (MU), a Delaware federal judge ruled Friday.
US judge rules against Rambus in Micron case Reuters
How to Recoup Rambus Losses Using LEAPS LEAPSInvestor.com
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New York Daily News
Carnage continues: 524000 jobs lost in December
MarketWatch - 1 hour ago
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The US economy lost 524000 jobs in December, closing out the worst year of job losses since World War II, the Labor Department said Friday.
Video: Jobless Rate Jumps to 7.2 Percent in December AssociatedPress
US lost 2.6 million jobs in 2008 International Herald Tribune
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Boston Globe
Yahoo Said to Be Considering Bartz, Two Other Executives as CEO
Bloomberg - 1 hour ago
By Brian Womack Jan. 9 (Bloomberg) -- Yahoo! Inc. has narrowed a list of candidates for a new chief executive officer to Autodesk Inc. Executive Chairwoman Carol Bartz, Yahoo President Susan Decker and another executive, a person familiar with the ...
Carol Bartz emerges as Yahoo nears CEO choice Bizjournals.com
A Yahoo! (YHOO) CEO must focus on mobile: It's all that's left BloggingStocks
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RTT News
Lennar Declines After Minkow Alleges ‘Ponzi Scheme’ (Correct)
Bloomberg - 1 hour ago
By Bob Ivry Jan. 9 (Bloomberg) -- Lennar Corp. fell as much as 28 percent in New York trading after Barry Minkow’s Fraud Discovery Institute alleged that the company operates joint ventures “like a Ponzi scheme.
Lennar shares drop after deal questioned on website Reuters
Lennar shares tumble on fraud claims Bizjournals.com
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Dividend.com
RR Donnelley Cuts 2008 Forecast, Withholds '09 Outlook
CNNMoney.com - 2 hours ago
NEW YORK (Dow Jones) -- RR Donnelley & Sons cut its 2008 earnings guidance Friday, blaming an unpredictable business environment, and said it won't provide any guidance for 2009.
RR Donnelley's Diminishing Print Forbes
RR Donnelley cuts forecast, drops Chicago Daily Herald
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Seattle Post Intelligencer
Frank promises speedy bailout overhaul
CNNMoney.com - 2 hours ago
His bill, which would dedicate $50 billion for reducing foreclosures, could be up for a House vote next week. By Colin Barr, senior writer CNN's Christine Romans and Fortune Managing Editor Andy Serwer dig into what could be one of the biggest ...
US Rep Frank proposes TARP bailout rules crackdown Reuters
Frank Releases Proposal for Rescue Fund Restrictions Bloomberg
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Anesiva surges after getting wider Zingo approval
Forbes - 1 hour ago
AP , 01.09.09, 12:29 PM EST Shares of Anesiva Inc. jumped Friday after the company said the Food and Drug Administration broadened approval of its topical anesthetic Zingo to include use in adults.
Anesiva gets OK to expand use of pain drug Zingo Reuters
Anesiva gets expanded FDA approval for pain drug Bizjournals.com
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Javno.hr
Commerzbank, Natixis hit as capital strains show
Reuters - 1 hour ago
By Jonathan Gould and Marcel Michelson FRANKFURT/PARIS, Jan 9 (Reuters) - Germany's 10 billion euro injection into Commerzbank and worries of big losses at two other banks on Friday underscored the strain on capital and the tough industry outlook ...
German Government Mulls Commerzbank Supervisory Board Members Bloomberg
Germany pledges hands-off approach to Commerzbank Forbes
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Reuters
Clock ticking for Circuit City's survival
CNNMoney.com - 1 hour ago
Bankrupt electronics seller says it has until next week to reach deal with 'potential' buyers for its business or else it may have to start liquidating.
Mexico's Salinas looking closely at Circuit City Reuters
Circuit City Discussing Possible Sale Wall Street Journal
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Charges dropped against ex-Reagan budget director
The Associated Press - 1 hour ago
NEW YORK (AP) - Federal prosecutors have dropped criminal charges against former Reagan budget director David Stockman. Stockman was charged in March 2007 with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company ...
US drops fraud charges vs ex-Reagan aide Stockman Reuters
Feds drop case against fmr. Reagan aide MSNBC
myfoxny.com
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