The Miami Herald

Obama: watch for trillion dollar deficits BloggingStocks - 44 minutes ago President-elect Obama is telling the public that the US may run a trillion dollar deficit to bailout the economy. According to The New York Times, he made the point that Americans for the unparalleled prospect of "trillion-dollar deficits for years to ... Obama: Trillion-Dollar Deficits 'for Years to Come' Washington Post Stimulus aside, Obama vows future budget restraint The Associated Press New York Times - CNNMoney.com - Reuters - KXXV News Channel 25 all 7,795 news articles

WELT ONLINE

Russian Gas Shipments to Europe Through Ukraine Are Halted Bloomberg - 1 hour ago By Kateryna Choursina and Lyubov Pronina Jan. 7 (Bloomberg) -- Russian natural gas exports through Ukraine to Europe halted for the first time in three years, threatening to create shortages as freezing weather spurred demand for power. Video: Europe running out of gas RussiaToday Bulgarian schools, some firms stay shut in gas row Reuters guardian.co.uk - Los Angeles Times - The Associated Press - MarketWatch all 3,881 news articles

Boston Globe

Li Ka-shing Seeks $524 Million Selling Bank of China Bloomberg - 50 minutes ago By Bei Hu and Luo Jun Jan. 7 (Bloomberg) -- Hong Kong billionaire Li Ka-shing is raising as much as HK$4.06 billion ($524 million) selling shares in Bank of China Ltd. Li fund selling $500 mln Bank of China stake Reuters Bank Of America Raises Cash In China Forbes The Associated Press - Monsters and Critics.com - BBC News - Capital FM all 350 news articles

Washington Times

Stock futures signal dip Reuters - 50 minutes ago (Reuters) - Stock futures pointed to a lower open on Wall Street on Wednesday, on mounting worries over the impact of the recession on companies after Alcoa Inc (AA. Stocks set to drop as jobs in focus CNN US STOCKS SNAPSHOT-Wall St falls after sharp gains last week Alibaba News Channel Tulsa World - Monsters and Critics.com - Nightly Business Report - Bizjournals.com all 174 news articles

Seattle Post Intelligencer

Oil Traders Seek Another 10 Supertankers for Storage Bloomberg - 1 hour ago By Alaric Nightingale Jan. 7 (Bloomberg) -- Oil traders are seeking as many as 10 supertankers to store crude, potentially taking the amount hoarded at sea to almost five days of European Union demand, according to Frontline Ltd. Limits to Oil Majors' Largesse Wall Street Journal NYMEX-Crude up, but choppy on profit taking, data Reuters Atlanta Journal Constitution - Las Vegas Review - Journal - The Associated Press - Financial Times all 256 news articles

HispanicBusiness.com

Fed predicts economy will get worse CNNMoney.com - 10 hours ago In the minutes from its last meeting, the central bank said it expects GDP to decline in 2009 and unemployment to rise into 2010. By Chris Isidore, CNNMoney. Video: Jan. 6: Stocks Finish Higher on Fed Minutes AssociatedPress Deflation fear prompted Fed's latest interest rate cut Los Angeles Times Chicago Tribune - International Herald Tribune - The Associated Press - Reuters all 958 news articles

Canada.com

Skilling Wins bid for Resentencing After Getting 24-Year Term Bloomberg - 2 hours ago By Jef Feeley and Thom Weidlich Jan. 7 (Bloomberg) -- A US appeals court ordered that former Enron Corp. Chief Executive Officer Jeffrey Skilling be resentenced because of a procedural mistake, a decision some experts said is unlikely to significantly ... Enron's Skilling Loses Appeal BusinessWeek The lesson of Skilling: CEOs are still accountable Houston Chronicle New York Times - Reuters - The Associated Press all 418 news articles

Reuters

Madoff victims may get some cash within a month Reuters - 1 hour ago (Reuters) - Investors who lost money in Bernard Madoff's alleged $50 billion (34 billion pound) fraud might begin recovering some of their funds as soon as next month, Securities Investor Protection Corp, President Stephen Harbeck told Bloomberg in an ... Judge weighs whether Madoff poses danger to others BusinessWeek Frank Says Role of SEC as Markets Cop Should Be ‘Beefed Up’ Bloomberg Los Angeles Times - New York Times - Washington Post - International Herald Tribune all 2,738 news articles

TopNews

German December Unemployment Shows First Gain in Three Years Bloomberg - 1 hour ago By Rainer Buergin Jan. 7 (Bloomberg) -- German unemployment rose for the first time in almost three years in December as the labor market caught up with an economy that shrank during most of 2008. INSTANT VIEW 4-German jobless posts first rise in nearly 3 yrs Forbes German jobless up for first time in nearly 3 yrs guardian.co.uk Financial Times - The Associated Press - Monsters and Critics.com - Daily FX all 140 news articles

Fresh News

Alcoa Cuts Output, Fires Workers After Demand Weakens Bloomberg - 1 hour ago By Rob Delaney Jan. 7 (Bloomberg) -- Alcoa Inc., the world’s largest aluminum maker, reported a third major production cut in as many months and will reduce its global workforce by 13500 after demand for the metal used in automobiles and appliances ... Alcoa to close plants and trim work force International Herald Tribune Alcoa to cut 13500 jobs Orlando Sentinel Forbes - BBC News - The Associated Press - Chicago Tribune all 774 news articles

The Money Times

Chemical slump sends LyondellBasell into Chapter 11 Houston Chronicle - 4 hours ago By BRETT CLANTON Copyright 2009 Houston Chronicle • July 1993: Lyondell and Citgo Petroleum Corp. form Lyondell Citgo Refining to own and operate Houston refinery. Lyondell Chemical Blames Falling Demand for Bankruptcy Filing Bloomberg LyondellBasell US units file for bankruptcy Reuters New York Times - MarketWatch - Wall Street Journal - Financial Times all 318 news articles

Apartment rents show first decline in over 5 years Reuters - 2 hours ago BOSTON (Reuters) - Average rents for US apartments fell in the fourth quarter, as a sharp economic downturn and rising unemployment left Americans unwilling to pay higher prices, according to data released on Wednesday. US Shopping Mall Vacancies Reach 10-Year High as Stores Fail Bloomberg Apartment Landlords Find What Goes Up, Does Come Down Wall Street Journal Wall Street Journal Blogs - The Plain Dealer - cleveland.com - Bloomberg - Reuters all 29 news articles

IRS Offering Leniency Plan For Taxpayers Wall Street Journal - 5 hours ago By MARTIN VAUGHAN WASHINGTON -- The Internal Revenue Service announced steps to be more lenient on taxpayers who are unable to pay taxes owed, in recognition of the financial troubles reverberating throughout the economy. IRS will be more patient this year Mid Columbia Tri City Herald IRS will display its sensitive side Worcester Telegram Reuters - Bethany Beach Wave - USA Today - Newsday all 156 news articles

Logitech cuts jobs, abandons targets Reuters - 22 hours ago By Jason Rhodes ZURICH, Jan 6 (Reuters) - Logitech (LOGN.VX) plans to cut some 5 percent of its global workforce and abandoned its fiscal 2009 targets after consumers cut back on Christmas spending, the world's largest computer mouse maker said on ...

Reuters

Firing banks executives instead of cutting bonuses BloggingStocks - 1 hour ago Ken Lewis followed the lead of many other bank CEOs. The head of Bank of America (NYSE:BAC) will take no bonus for last year. BAC will also miss its financial forecasts for 2008. Bank of America’s Chief Gives Up Bonus New York Times Bank of America’s Lewis Urges No Bonus for Himself Bloomberg BusinessWeek - Reuters - Bizjournals.com - TheStreet.com all 109 news articles

mediabistro.com

Leo Burnett Settles Army-Ad Suit Wall Street Journal - 5 hours ago By SUZANNE VRANICA Publicis Groupe SA's Leo Burnett has agreed to pay $15.5 million to settle charges that it overbilled the US Army for work on its "Army of One" campaign, according to the Justice Department. Leo Burnett USA settles Army fraud suit Chicago Tribune Army Ads Cost Leo Burnett $15.5 Million MSNBC Brand Republic - Adweek - Chicago Sun-Times - Chicago Daily Herald all 44 news articles

The Associated Press

Satyam Shares Plunge on Scandal New York Times - 1 hour ago By HEATHER TIMMONS AND BETTINA WASSENER NEW DELHI -- Shares in Satyam Computer Services Ltd. , a leading Indian outsourcing company that counts numerous Fortune 500 companies among its clients, plummeted more than 72 percent on Wednesday after its ... India shares provisionally fall 7.3pct, Satyam dives Reuters World markets mixed as Indian stocks plunge The Associated Press guardian.co.uk - ZDNet Asia - Bloomberg - RTT News all 644 news articles

Javno.hr

Millionaires Say Advisers Failed Them in Crisis, Survey Shows Bloomberg - 1 hour ago By Christopher Condon Jan. 6 (Bloomberg) -- Nearly two-thirds of US millionaires say their investment advisers have failed them during the global recession, a survey showed. Millionaires? More like $700000-aires CNNMoney.com Wealth of US millionaires down 30 pct: survey Reuters Toronto Star - MSNBC - Wall Street Journal Blogs - InvestmentNews all 28 news articles

CTV.ca

Merckle Paid ‘Terrible Price’ of Suicide as Strategy Foundered Bloomberg - 6 hours ago By Simon Clark and Sheenagh Matthews Jan. 7 (Bloomberg) -- In December, German billionaire Adolf Merckle gave a rare interview to defend his failing investment strategy. Facing Big Losses, German Billionaire Takes His Own Life New York Times German billionaire commits suicide Modesto Bee Forbes - BusinessWeek - Financial Times - Reuters all 761 news articles

Richmond Times Dispatch

Unemployment In DC Region Highest Since '03 Washington Post - 8 hours ago By V. Dion Haynes Unemployment in the Washington region reached its highest level in November since June 2003, inching up to 4.4 percent from 4.1 percent the month before. Jobless rate rachets upward Tulsa World Triangle unemployment jumps News & Observer Greenville News - MSNBC - Daily Press - Lexington Dispatch all 289 news articles