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Obama says US economy 'very sick'

BBC business - 7 min 8 s sitten
US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.

Car sales plunge heralding bleak 2009

Reuters: Business news - 36 min 29 s sitten
DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed out its weakest year since 1992 in its largest single market.

Apple's Jobs reassures investors about his health

Reuters: Business news - 38 min 12 s sitten
NEW YORK (Reuters) - Apple Inc Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance that is relatively simple to treat.

Prosecutors seek to jail Madoff

Reuters: Business news - 41 min 18 s sitten
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.

Final Woolworths stores to close

BBC business - 1 tunti 26 min sitten
The final closure of the remaining 200 Woolworths stores is due to take place, the retailer's administrator says.

Cracking up

BBC business - 1 tunti 34 min sitten
How Waterford Wedgwood ran out of steam

Economists seek solutions, signs of life in housing

Reuters: Business news - 1 tunti 46 min sitten
SAN FRANCISCO (Reuters) - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the U.S. housing market, a key element for busting the country out of a deep economic downturn.

Treasury invests $15B more in banks

CNN money: top stories - 1 tunti 50 min sitten
The Treasury Department said Monday it had invested $15 billion in another seven banks, including two companies that recently completed large takeovers of other banks.

UK short-selling ban to be lifted

BBC business - 1 tunti 53 min sitten
A ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.

Prosecutors seek to jail Madoff

Reuters: Business news - 2 tuntia 3 min sitten
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.

FBI goes on massive hiring blitz

CNN money: top stories - 2 tuntia 6 min sitten
Despite a bleak economic environment featuring wide-ranging layoffs and rising unemployment, the nation's premier law enforcement agency is touting "one of the largest hiring blitzes in our 100-year history."

Obama: $300 billion in tax cuts

CNN money: top stories - 2 tuntia 10 min sitten
President-elect Barack Obama launched his campaign Monday for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession.

Consumer bankruptcies jump in 2008

CNN money: top stories - 2 tuntia 13 min sitten
Bankruptcy filings by American consumers increased nearly a third in 2008, according to a new report.

Stocks slip on telecom and financials; Apple jumps

Reuters: Business news - 2 tuntia 15 min sitten
NEW YORK (Reuters) - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.

U.S. seeks to revoke Madoff bail

Reuters: Business news - 2 tuntia 19 min sitten
NEW YORK (Reuters) - U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff and detain him on Monday, claiming he was a flight risk.

Cigna to cut 1,100 jobs, citing weak economy

Reuters: Business news - 2 tuntia 34 min sitten
LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.

Waterford talks with US groups on asset sale

Financial Times: Europe - 2 tuntia 36 min sitten
The crystal and porcelain tableware producer has been forced into insolvency and the receiver, Deloitte, is in talks with three US parties to secure a sale of the majority of the assets after the company failed to find fresh financing

Stocks finish lower

CNN money: top stories - 2 tuntia 39 min sitten
Stocks fell Monday, retreating after last week's big rally, as investors digested President-elect Barack Obama's stimulus plan, monthly auto sales and surging oil prices.

Car sales plunge, heralding bleak 2009

Reuters: Business news - 2 tuntia 42 min sitten
DETROIT (Reuters) - Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market.
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