Yahoo! News: Business
Tue, 06 Jan 2009 20:05:38 GMT
Stocks gain as hope rises for stimulus plan (Reuters)
 Reuters - Stocks gained on Tuesday as bets rose on the likelihood of a government stimulus package after the release of minutes from the last Fed policy meeting painted a dismal picture of the U.S. economy.
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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 19:11:03 GMT
German tycoon Adolf Merckle commits suicide (Reuters)
 Reuters - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
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Tue, 06 Jan 2009 19:31:29 GMT
N.Y. judge restrains Merkin funds in Madoff lawsuit (Reuters)
Reuters - A judge on Tuesday extended an order barring well-known hedge fund founder Ezra Merkin from withdrawing or liquidating millions of dollars in his funds, which invested with accused swindler Bernard Madoff. [more info]
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 14:21:25 GMT
Brazil stocks up in early trading (AP)
AP - Brazil's stocks rose in early trading, with the Ibovespa stock index up 1.1 percent at 41,956 an hour into the session. [more info]
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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