Yahoo! News: Business
Tue, 06 Jan 2009 17:58:43 GMT
Wall Street up as tech strength offsets weak data (Reuters)
 Reuters - Strength in the tech sector boosted stocks on Tuesday, overshadowing data showing slumping factory orders and dismal pending home sales.
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Tue, 06 Jan 2009 16:27:17 GMT
Home sales tumble to 7-year low (Reuters)
 Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
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Tue, 06 Jan 2009 18:40:14 GMT
German tycoon Adolf Merckle commits suicide (Reuters)
 Reuters - German billionaire Adolf Merckle who was hit by a train on Monday evening killed himself, unhinged by financial turmoil and struggling to salvage his business empire, his family said on Tuesday.
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Tue, 06 Jan 2009 16:46:42 GMT
November factory orders drop more than expected (Reuters)
 Reuters - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday.
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Tue, 06 Jan 2009 17:48:14 GMT
BlackRock's Doll sees solid 2009 U.S. stocks gains (Reuters)
 Reuters - The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.
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Tue, 06 Jan 2009 12:46:39 GMT
Global stocks hold gains amid oil price jitters (AFP)
 AFP - Global stock markets held onto New Year optimism Tuesday even as the euro suffered fresh losses amid signs of Europe's deepening recession and a looming energy standoff with Russia drove up oil prices.
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Tue, 06 Jan 2009 15:55:42 GMT
Madoff scandal, SEC role under scrutiny (AP)
 AP - Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.
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Tue, 06 Jan 2009 14:38:41 GMT
British house prices sink by record amount in 2008 (AP)
AP - House prices in Britain fell by their biggest annual amount in at least 56 years during 2008, as credit seized up and possible buyers stayed out of the market, a leading mortgage lender said Tuesday. [more info]
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