johnhan: January 2009

Saturday, January 31, 2009

Energy: Stocks in focus for Monday

Date: 31 JAN 2009 05:04:58 GMT

Among the companies whose shares are expected to see active trade in
Monday's session are Anadarko Petroleum Corp., Aflac Inc. and Humana
Inc.

Friday, January 30, 2009

Energy: Corporate debt soars in January; Verizon on tap Friday

Date: Fri, Jan 30, 2009 at 2:12 PM

Companies brought a near record amount of debt to bond markets in
January, taking advantage of the thaw in investors' appetite for risk.

Energy: Canadian stocks edge lower after grim GDP data

Date: 30 JAN 2009 16:36:59 GMT

Stocks in Canada edge lower, with mining and financial shares pacing
the decline, as data show economic growth fell sharply in November.

Energy: Exxon Mobil, Chevron help lift energy sector after results

Date: 30 JAN 2009 15:19:40 GMT

Energy-sector stocks recover from losses in the previous session,
playing off Exxon Mobil and Chevron as the bellwethers both report
better-than-expected financial results for the fourth quarter.

Energy: Oil futures rise after better-than-expected GDP data

Date: 30 JAN 2009 14:27:02 GMT

Oil futures surge Friday after data show that the U.S. economy turned
in its worst performance since 1982, but the contraction is still
better than the market expected.

Energy: Allstate, Exxon Mobil in focus

Date: 30 JAN 2009 13:43:27 GMT

U.S. stock futures gave up earlier gains and were pointing to a weaker
start for Wall Street on Friday, under the cloud of another heavy
earnings session and key economic data. The U.S. economy contracted at
a 3.8% seasonally adjusted annual rate in the fourth quarter, the
Commerce Department estimated Friday.

Energy: Exxon Mobil profit falls 33% on productions drops, spending

Date: 30 JAN 2009 13:45:26 GMT

Exxon Mobil Corp. on Friday says fourth-quarter net income fall 33% as
production drops and capital spending rises as it absorbs a body-blow
from a historic plunge in crude prices.

Energy: Mitsubishi, GE considering power-turbine business tie-up

Date: 30 JAN 2009 05:12:12 GMT

Mitsubishi Heavy Industries and General Electric will work together in
the "next generation" power-plant turbine business.

Thursday, January 29, 2009

Energy: Stocks in focus for Friday

Date: 30 JAN 2009 00:49:36 GMT

Among the companies whose shares are expected to see active trade in
Friday's session are Exxon, Procter & Gamble and Chevron.

Energy: Dominion fourth-quarter net income rises 16%

Date: 29 JAN 2009 17:24:15 GMT

Dominion Resources Inc.'s fourth-quarter net income rises 16% as the
power company benefits from lower costs and taxes.

Energy: Smith International falls, ending oil service buying spree

Date: 29 JAN 2009 15:14:32 GMT

Smith International's earnings miss and bearish sentiment in the
overall energy sector end a buying spree of late in oil service
shares.

Energy: OPEC chief: Ready for more production cuts if needed

Date: 29 JAN 2009 10:18:47 GMT

OPEC is ready to make further cuts in oil production in coming months
if prices and global demand don't stabilize, the oil cartel's
secretary general says at the World Economic Forum annual meeting on
Thursday.

Energy: Occidental Petroleum fourth-quarter net falls 70%

Date: 29 JAN 2009 13:28:35 GMT

Occidental Petroleum on Thursday said fourth-quarter net income fell
70% as falling prices for crude oil and natural gas combined with
higher exploration costs hit the firm hard.

Energy: Oil futures fall after more grim economic data

Date: 29 JAN 2009 14:14:17 GMT

Oil futures extended their decline after data showed a record number
of continuing jobless claims as well as a decline in orders for
U.S.-made durable goods.

Energy: Smith International net income climbs 19%

Date: 29 JAN 2009 14:16:57 GMT

Smith International said earnings rose 19%, as the provider of
engineered products and services to the energy and chemical sectors
grew sales by about one third after buying W-H International

Wednesday, January 28, 2009

Oil settles up 58 cents to $42.16 a barrel after briefly spiking higher after Fed announcement.

Date: Wed, 28 Jan 2009 14:56:07 -0500

Oil settles up 58 cents to $42.16 a barrel after briefly spiking
higher after Fed announcement.

Energy: Major provisions of stimulus package

Date: 28 JAN 2009 17:58:15 GMT

The House is expected to approve an $825 billion economic stimulus
package Wednesday.

Oil prices fall after government reports bigger-than-expected rise in crude supplies.

Date: Wed, 28 Jan 2009 10:32:07 -0500

Oil prices fall after government reports bigger-than-expected rise in
crude supplies.

Energy: Baker Hughes profit up 8%, but sees tough 2009

Date: 28 JAN 2009 12:49:19 GMT

Baker Hughes on Wednesday joins the parade of oil service and other
energy sector companies in putting the brakes on expectations for
2009, even as the drill bit giant manages to eke out a higher
fourth-quarter profit.

Energy: Oil futures edge higher ahead of inventory data

Date: 28 JAN 2009 14:13:34 GMT

Oil futures gained early Wednesday after tumbling 9% in the previous
session, as traders awaited data that's expected to show a rise in
crude supplies in the latest week.

Tuesday, January 27, 2009

Energy: Stocks in focus for Wednesday

Date: 28 JAN 2009 00:41:08 GMT

Among the companies whose shares are expected to see active trade in
Wednesday's session are AT&T, ConocoPhillips and Boeing.

Oil settles down $4.15 to $41.58 a barrel as economic reports raise demand concerns.

Date: Tue, 27 Jan 2009 14:50:07 -0500

Oil settles down $4.15 to $41.58 a barrel as economic reports raise
demand concerns.

Energy: Petroleum shares give back gains as Valero weighs

Date: 27 JAN 2009 15:43:23 GMT

Energy stocks move into the red Tuesday after two straight days of
gains as refining giant Valero's results weighed on the sector and
crude prices fell.

Energy: Oil futures fall as demand concerns weigh

Date: 27 JAN 2009 14:04:30 GMT

Oil futures fall below $46 a barrel Tuesday, pressured by ongoing
concerns over slowing energy demand.

Energy: FPL Group net nearly doubles on power boost

Date: 27 JAN 2009 14:29:11 GMT

FPL Group Inc. says Tuesday fourth-quarter net income nearly doubles
as it praises the performance of its FPL Energy solar, wind and
nuclear generating unit.

Monday, January 26, 2009

Energy: Stocks in focus for Tuesday

Date: 27 JAN 2009 00:38:43 GMT

Among the companies whose shares are expected to see active trade in
Tuesday's session are Yahoo, Verizon, and DuPont.

Breaking News Mon., January 26, 2009

Date: Mon, Jan 26, 2009 at 3:28 PM

Senate Confirms Timothy Geithner as Treasury Secretary [6:20 EST PM]

Oil settles down 74 cents at $45.73 a barrel.

Date: Mon, Jan 26, 2009 at 2:50 PM

Oil settles down 74 cents at $45.73 a barrel.

Energy: Russian stocks rally, led by miners, energy firms

Date: 26 JAN 2009 18:26:30 GMT

Stocks in Moscow rally, as surging commodity prices boost energy and
mining companies, while Russia's largest bank, Sberbank, reports a
rise in third-quarter net profit.

Energy: Obama takes aim at greenhouse gas emissions

Date: 26 JAN 2009 16:49:25 GMT

President Barack Obama acts to give states more power to set tough
emissions rules, saying Washington has stood in their way in the past.

Energy: Canadian stocks rise, led by mining sector

Date: 26 JAN 2009 16:01:32 GMT

Stocks in Toronto rise, as surging gold and copper prices boost the
mining sector, while the Canadian dollar surges against its U.S.
counterpart.

Obama says he'll implement 35mpg standards for automakers; EPA to review California request to toughen greenhouse gas rules.

Date: Mon, 26 Jan 2009 10:47:09 -0500

Obama says he'll implement 35mpg standards for automakers; EPA to
review California request to toughen greenhouse gas rules.

Energy: Energy stocks add to gains; Halliburton jumps

Date: 26 JAN 2009 15:41:34 GMT

Energy stocks add to gains from the previous session on Monday, with
shares of oil service giant Halliburton providing a lift after its
profit update.

Friday, January 23, 2009

Oil stages a late-day rally, adding $2.80 to settle at $46.47, as investors take their cue from Wall Street's Friday comeback.

Date: Fri, 23 Jan 2009 14:55:09 -0500

-Oil stages a late-day rally, adding $2.80 to settle at $46.47, as
investors take their cue from Wall Street's Friday comeback.

Major U.S. stock indexes turn positive with energy shares pacing gains

Date: Fri, 23 Jan 2009 14:03:18 -0500

Major U.S. stock indexes turn positive with energy shares pacing gains
1/23/2009 2:01:19 PM EDT

General Electric sees more credit losses in 2009

Date: Fri, 23 Jan 2009 12:01:24 -0500

General Electric sees more credit losses in 2009

Following one of the most traumatic market periods in its 117-year
history, General Electric Co. says it foresees more credit losses in
2009 and plans to bulk up its cash reserve to weather the current
recession.

GOOGLE'S PROFIT DECLINES AS VALUE OF INVESTMENTS SHRINKS

Google shares trade higher as investors play off fourth-quarter
financial results to which analysts react positively for the most
part.

PFIZER IN TALKS TO BUY WYETH IN BLOCKBUSTER DEAL: WSJ

Pfizer Inc. is negotiating to acquire rival drug maker Wyeth in a
blockbuster deal potentially worth more than $60 billion that could
alter the global drug industry, the Wall Street Journal reports.

CURRENCIES: BRITISH POUND PLUMMETS AS DATA SHOW DEEPER U.K. RECESSION

The pound plunges to a 23-year low against the dollar, undermined as
government data confirmed the U.K. economy fell into a deep and
potentially long-lasting recession in the final three months of 2008.

ECONOMIC REPORT: BRITAIN OFFICIALLY ENTERS FIRST RECESSION SINCE 1991

The British economy contracts sharply in the final three months of
2008, shrinking 1.5% compared to the previous quarter.

Energy: London's FTSE 100 below 4,000 as recession confirmed

Date: 23 JAN 2009 10:02:16 GMT

London's top share index falls below the key 4,000 level for the first
time since early December on Friday after GDP figures confirm that the
country is in recession.

Energy: Oil service giant Schlumberger sees more tough times ahead

Date: 23 JAN 2009 12:58:37 GMT

Schlumberger signals more tough times ahead for the hard-hit oil
drilling sector on top of its 17% drop in fourth-quarter net income.

Thursday, January 22, 2009

Markets Thursday, 01/22/2009

Date: Thu, 22 Jan 2009 17:31:02 -0500

MARKETS:
Stocks drop on banks and Microsoft
Wall Street sees red, with financial and technology issues leading the decline.

Google's profit slips, but company beats estimates

Date: Thu, 22 Jan 2009 17:01:53 -0500

Google's profit slips, but company beats estimates

Google Inc. posts fiscal fourth-quarter results that beat Wall Street
analysts'estimates, despite a stark decline in profit compared to the
period a year earlier.

OBAMA GETS TO KEEP 'ENHANCED' BLACKBERRY

Commander in Chief Barack Obama, a known BlackBerry addict, doesn't
have to surrender his smartphone after all.

THAIN RESIGNS FROM BANK OF AMERICA

Former Merrill Lynch Chief Executive John Thain resigns from Bank of America.

BAILED-OUT BANKS WILL HAVE TO DISCLOSE LENDING

Banks getting money from the government's $700 billion bailout fund
will have to explain in detail what they are doing with the money, the
incoming head of. the Treasury Department says.

MICROSOFT REPORTS DROP IN EARNINGS, PLANS TO LAY OFF 5,000

Microsoft rattles investors by releasing a disappointing quarterly
earnings report and announcing that it will lay off as many as 5,000
workers, a startling development for a company that has taken pride in
avoiding such sweeping job cuts in its roughly 33-year history.

Wall Street ends with a selloff. Dow, Nasdaq, S&P 500 fall 1% or more as BofA shakeup and Microsoft earnings rattle investors.

Date: Thu, Jan 22, 2009 at 4:02 PM

Wall Street ends with a selloff. Dow, Nasdaq, S&P 500 fall 1% or more
as BofA shakeup and Microsoft earnings rattle investors.

Breaking News Thu., January 22, 2009

Date: Thu, 22 Jan 2009 08:42:09 -0800 (PST)

Senate Committee Approves Timothy Geithner for Treasury Secretary.

Microsoft reports drop in earnings, plans to lay off 5,000

Date: Thu, 22 Jan 2009 12:01:20 -0500
Microsoft reports drop in earnings, plans to lay off 5,000

Microsoft Corp. reports a drop in earnings for its fiscal second
quarter and announces plans to lay off as many as 5,000 workers as the
slowing economy has hurt the software giant's businesses.

BOOSTED BY STRONG IPOD SALES, APPLE SHARES RISE

Shares of Apple surge ahead of Thursday's open bell, playing off
financial results in which first-quarter profit easily top investor
expectations.

NOKIA SAYS PROFIT DROPS 69%, LOWERS 2009 VIEW

Nokia, the world's largest maker of mobile phones, generates a 69%
drop in fourth-quarter profit, reflecting waning demand during the key
holiday season, particularly in emerging markets like China.

BANK LOSSES BATTER S&P 500 EARNINGS OUTLOOKS

The bad debt rotting banks' books has sent projections for corporate
earnings diving, with S&P 500 profits now on track for a roughly 20%
drop -- significantly worse than they were at the start of the
quarter.

HOUSING STILL HEADING FOR A BOTTOM, BUT SHOULD GET THERE IN '09

Housing will not look much better at the end of this year than it does
now, but "we do expect '09 will be the bottom," the chief economist
for the National Association of Home Builders said Tuesday.

Oil prices plummet after government reports much bigger-than-expected rise in crude and gasoline inventories.

Date: Thu, 22 Jan 2009 11:02:09 -0500

Oil prices plummet after government reports much bigger-than-expected
rise in crude and gasoline inventories.

Dow tumbles over 200 points as selling accelerates amid concerns about housing and jobs.

Date: Thu, 22 Jan 2009 10:45:06 -0500

Dow tumbles over 200 points as selling accelerates amid concerns about
housing and jobs.

Energy: Sector weakens with broad market on bearish supply view

Date: 22 JAN 2009 15:13:04 GMT

Energy stocks fell Thursday ahead of an expected rise in weekly
inventories, as the sector cooled off after big gains in the previous
session.

New homes starting construction in December fell by 15.5% to an annual rate of 550,000 - lowest since record keeping.

Date: Thu, 22 Jan 2009 08:35:06 -0500

New homes starting construction in December fell by 15.5% to an annual
rate of 550,000 - lowest since record keeping.

Microsoft says it will cut up to 5,000 jobs over 18 months - 1,400 immediately; reports an 11% decline in net income.

Date: Thu, 22 Jan 2009 09:08:03 -0500

Microsoft says it will cut up to 5,000 jobs over 18 months - 1,400
immediately; reports an 11% decline in net income.

Stocks tumble at the open - Dow falls 1%, Nasdaq drops 2.5%, S&P 500 slips 1% - after Microsoft announces job cuts.

Date: Thu, 22 Jan 2009 09:32:23 -0500

Stocks tumble at the open - Dow falls 1%, Nasdaq drops 2.5%, S&P 500
slips 1% - after Microsoft announces job cuts.

Wednesday, January 21, 2009

Markets Wednesday, 01/21/2009

MARKETS:
Big rally on Wall Street
Stocks bounce back onÂ IBM's earnings and strength in bank stocks.

US Stocks Rise; Financials, Energy Stocks Bounce

U.S. stocks rose Wednesday as the financial sector bounced after one
of its biggest drops ever and as oil prices helped the energy sector
recover some of
its recent losses. The Dow Jones Industrial Average rose 99 points, or
0.7%, to 8046, and has spent much of the session bouncing around the
psychologically significant 8000 level. The blue-chip measure was
helped by gains in all its financial components and in International
Business Machines, which climbed 9%
after reporting strong earnings. The Dow's big losers included General
Motors, which fell 8% after reporting an 11% decline in 2008 sales and
forecasting a bleak first quarter as well.

STOCKS RISE AS ANALYSTS MULL OBAMA'S FIRST STEPS TO STEM
CRISIS

Financials stocks steer a broad market comeback after the prior day's
rout that had the sector matching its worst day ever and the Dow Jones
Industrial Average tallying its worst Inaugural Day performance in its
history.

NEW BANK-RESCUE PLAN ON TAP, TREASURY NOMINEE GEITHNER SAYS

President Obama is working on a comprehensive bank-rescue package that will be
unveiled in the next few weeks, according to Timothy Geithner, Obama's nominee
to be the nation's next Treasury secretary.

BANK STOCKS MAY FALL FURTHER IF GOVERNMENT INTERVENTION GROWS

Bank stocks may fall further, despite a 40% plunge so far this year,
some analysts say.

GM SAYS GLOBAL SALES DOWN 11% IN 2008; TOYOTA TAKES LEAD

General Motors Corp., after a seven-decade reign atop the automotive heap,
relinquishes its global sales crown to Toyota Motor Corp., as growth in
emerging markets can't overcome a sharp drop in North America.

HOUSING STILL HEADING FOR A BOTTOM, BUT SHOULD GET THERE IN '09

Housing will not look much better at the end of this year than it does
now, but "we do expect '09 will be the bottom," the chief economist
for the National Association of Home Builders said Tuesday.

Wall Street rallies. Dow, S&P and Nasdaq jump 3% or better as IBM and bank stocks lift markets.

Date: Wed, Jan 21, 2009 at 4:02 PM

Wall Street rallies. Dow, S&P and Nasdaq jump 3% or better as IBM and
bank stocks lift markets.

Breaking News Wed., January 21, 2009

Date: Wed, Jan 21, 2009 at 4:25 PM

President Obama To Sign Executive Order Thursday to Close Gitmo Within
a Year [4:20 p.m. ET]

Oil adds $2.71 to settle at $43.55 a barrel.

Date: Wed, 21 Jan 2009 15:04:02 -0500

Oil adds $2.71 to settle at $43.55 a barrel.

Obama freezes salaries of senior White House staff, tightens lobbying rules

Date: Wed, 21 Jan 2009 13:27:51 -0500

Obama freezes salaries of senior White House staff, tightens lobbying rules
1/21/2009 1:25:28 PM EDT

Stocks rise as analysts mull Obama's first steps to stem crisis

Date: Wed, 21 Jan 2009 12:01:10 -0500

Stocks rise as analysts mull Obama's first steps to stem crisis

TREASURY NOMINEE GEITHNER PLEDGES TARP REFORM

Timothy Geithner, President Obama's nominee for the post of Treasury
Secretary, promises top-to-bottom reform of the government's financial
market rescue plan.

GM SAYS GLOBAL SALES DOWN 11% IN 2008; TOYOTA TAKES LEAD

General Motors Corp., after a seven-decade reign atop the automotive
heap, relinquishes its global sales crown to Toyota Motor Corp., as
growth in emerging markets can't overcome a sharp drop in North
America.

UNITED TECH'S FOURTH-QUARTER PROFIT EDGES UP 8% ON AEROSPACE

NEW YORK (MarketWatch) -- United Technologies Corp. said Wednesday its
fourth-quarter net income rose 8% as a robust aerospace market offset
a falloff in construction-related demand for its elevators, air
conditioning and building-security products.

FUTURES MOVERS: CRUDE-OIL FUTURES RISE ABOVE $41 A BARREL

Crude-oil futures rise above $41 a barrel early Wednesday, buoyed by
signs that the OPEC cartel is implementing cuts in its oil output.

HOUSING STILL HEADING FOR A BOTTOM, BUT SHOULD GET THERE IN '09

Housing will not look much better at the end of this year than it does
now, but "we do expect '09 will be the bottom," the chief economist
for the National Association of Home Builders said Tuesday.

Stocks surge at open, following a better-than-expected outlook from IBM and Obama's vow to tackle the financial crisis.

Date: Wed, 21 Jan 2009 09:34:02 -0500

Stocks surge at open, following a better-than-expected outlook from
IBM and Obama's vow to tackle the financial crisis.

Tuesday, January 20, 2009

Markets Tuesday, 01/20/2009

Date: Tue, 20 Jan 2009 17:31:05 -0500

MARKETS:
Stocks battered on recession fears
Wall Street closes at the lowest point since late November as economic
worries trump enthusiasm about the inauguration of President Barack
Obama.

Banks battered as sector matches worst day ever

Date: Tue, 20 Jan 2009 17:01:48 -0500

Banks battered as sector matches worst day ever

U.S. financial stocks are led lower by State Street Corp.'s losing
more than half its market value after the firm unveils a 71% drop in
earnings.

BANK OF AMERICA NEEDS MORE THAN $80 BILLION IN CAPITAL: FBR

Bank of America needs more than $80 billion in new common equity
capital to support the huge amount of assets on its balance sheet, an
analyst says.

MARKET SNAPSHOT: OBAMA INHERITS BATTERED MARKET; DOW DIPS BELOW 8,000

With financial stocks dragging down equities as George W. Bush exits
Washington, the market's declines are emblematic of the fact that
Barack Obama's new administration is starting from behind, at least in
terms of annualized stock-return performance.

OBAMA SAYS AMERICANS WILL MEET CHALLENGES OF WAR, ECONOMY

The new commander in chief calls on Americans to take part in a "new
era of responsibility" to meet the challenges facing the United States
at home and abroad after being sworn in as the 44th president.

Wall Street takes inaugural drubbing. Dow drops below 8,000 to 2-month low. Nasdaq, S&P 500 each drop more than 5%.

Date: Tue, 20 Jan 2009 16:02:07 -0500

Wall Street takes inaugural drubbing. Dow drops below 8,000 to 2-month
low. Nasdaq, S&P 500 each drop more than 5%.

Energy: Russian gas starts flowing via Ukraine to Europe

Date: 20 JAN 2009 19:23:37 GMT

Emerging Markets Report - Russian gas starts flowing via Ukraine to Europe

Russian gas finally starts flowing to Europe via Ukraine after a
13-day disruption, as Russia and Ukraine signed a deal resolving their
contentious energy dispute.

Oil adds $2.23 to settle at $38.74 a barrel after a volatile last day of trading for the current contract.

Date: Tue, 20 Jan 2009 15:02:08 -0500

Oil adds $2.23 to settle at $38.74 a barrel after a volatile last day
of trading for the current contract.

Dow drops below 8,000 to two-month low as investors look beyond Obama's historic inauguration to the battered economy he inherits.

Date: Tue, 20 Jan 2009 15:12:05 -0500

Dow drops below 8,000 to two-month low as investors look beyond
Obama's historic inauguration to the battered economy he inherits.

State Street shares cut in half after company outlines new risks

Date: Tue, 20 Jan 2009 12:01:12 -0500

State Street shares cut in half after company outlines new risks

State Street Corp.'s stock falls 50% on Tuesday on concerns the
company may have to bring troubled investment vehicles onto its
balance sheet, a move that could force it to raise capital and
potentially dilute shareholders.

MOVERS & SHAKERS: TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS

Big movers in U.S. trade include Citi, Noble Energy and State Street.
OBAMA TO BE SWORN IN AS 44TH PRESIDENT ON HISTORIC DAY

Capping a history-making run for the White House, President-elect
Barack Obama will take the oath of office at noon on Tuesday and
become the first African-American president of the United States
before a massive crowd in the nation's capital.

FUTURES MOVERS: OIL SWINGS AS FRONT-MONTH CONTRACT EXPIRES

Crude-oil futures swing between gains and losses, as investors make
last-minute trading decisions before the front-month contract expires
later today.

MEXICO'S SLIM TO INVEST $250 MILLION IN NEW YORK TIMES

New York Times Co. reached an agreement under which companies backed
by the Mexican telecom investor Carlos Slim will invest $250 million
and could boost their holding, helping the New York media company
reduce its debt and strengthen its finances.

Dow tumbles to session low - down over 200 points - immediately following President Obama's inaugural address.

Date: Tue, 20 Jan 2009 12:32:18 -0500

Dow tumbles to session low - down over 200 points - immediately
following President Obama's inaugural address.

Breaking News: Barack Obama sworn in as 44th president

Date: Tue, 20 Jan 2009 11:11:58 -0600

WASHINGTON (AP) - Barack Obama was sworn in Tuesday as the 44th U.S.
president, shattering racial barriers to become the first black leader
of a country gripped by profound economic troubles and at war in two
distant lands.

In his inaugural speech as prepared for delivery, Obama asked
Americans for a renewed commitment to service.

"What is required of us now is a new era of responsibility - a
recognition, on the part of every American, that we have duties to
ourselves, our nation, and the world, duties that we do not grudgingly
accept but rather seize gladly, firm in the knowledge that there is
nothing so satisfying to the spirit, so defining of our character,
than giving our all to a difficult task."

Energy: Stocks in Canada fall, as rates cut to record low

Date: 20 JAN 2009 15:43:15 GMT

Stocks in Canada fell sharply, as the Bank of Canada cut its benchmark
interest rate to a record low, saying that the economy is now in
recession.

Stocks open flat on Inauguration Day as worries about the health of the banking sector offset enthusiasm over new administration.

Date: Tue, 20 Jan 2009 09:31:04 -0500

Stocks open flat on Inauguration Day as worries about the health of
the banking sector offset enthusiasm over new administration.

Monday, January 19, 2009

Market Monday, 01/19/2009

MARKETS:
Wall Street's inauguration rally
Investor euphoria could propel stocks this week, but the longer-term
outlook is less upbeat.

Oil falls on gas deal, Gaza cease-fire
Crude oil eases as Russian gas supply concerns let up, but the
weakening global economy continues to hurt demand.

N.Y. Times, Mexican telecom exec Slim talk investment: Journal

Date: Mon, 19 Jan 2009 12:01:17 -0500
N.Y. Times, Mexican telecom exec Slim talk investment: Journal

New York Times Co. is in talks under which the Mexican
telecommunications investor Carlos Slim would invest in the publisher,
possibly through an issue of preferred stock, people familiar with the
matter told The Wall Street
Journal.

RICHEMONT POSTS 7% DROP IN QUARTERLY SALES; SEES NO RECOVERY

Compagnie Financiere Richemont SA, the world's largest jewelry group,
reports a 7% drop in third-quarter sales and says current market
conditions are the toughest it's seen since its creation 20 years ago.

LONDON MARKETS: U.K. BANKS SLAMMED IN LONDON; RBS SHARES PLUNGE 63%

London shares slammed as Royal Bank of Scotland stocks fall over 60%.

IRWIN KELLNER: OBAMA SHOULD ENCOURAGE SPENDING IN SPEECH

When it comes to the economy, Barack Obama should use his inaugural
address to set the stage for some bold initiatives. To be successful,
he must walk the line between not mincing words on how bad the economy
is, and being so pessimistic that he talks the financial markets into
another swoon.

Energy: Bank help European shares advance; Barclays shares soar

Date: 19 JAN 2009 08:52:50 GMT

European shares move higher, with banks advancing after the U.K.
government announces a new package of measures to support the
country's financial system and Barclays reassured on profit trends.

Energy: Crude-oil futures dip after Israel ceasefire, Ukraine gas deal

Date: 19 JAN 2009 13:01:44 GMT

Crude-oil futures edged lower Monday as a cease-fire in the Gaza Strip
and a pact between Russia and Ukraine over natural-gas exports helped
ease worries about energy supplies.

Sunday, January 18, 2009

Energy: Ukraine, Russia reportedly reach deal on natural gas

Date: 18 JAN 2009 16:08:14 GMT

Russia and Ukraine say they've reached a deal to resume the
distribution of natural gas to Europe, ending a dispute that has
disrupted the gas flow for about two weeks, hampering economic
activity and leaving some people unable to heat their homes.

Energy: U.S. 4th-quarter VC funding fell 30% to lowest total in 3 years

Date: 18 JAN 2009 09:02:09 GMT

Venture-capital investment in U.S. companies fell 30% in the fourth
quarter, with the total marking the lowest quarterly VC investment in
three years and information technology in particular recording the
lowest investment since 1998, Dow Jones Venture Source reported.

Saturday, January 17, 2009

Energy: Russian gas giant: Ukraine stil blocking heat for Europe

Date: Sat, Jan 17, 2009 at 12:47 PM

Russian state-controlled gas giant Gazprom on Saturday said Ukraine
had rejected its latest request to resume the supply of natural gas to
Europe, the latest chapter of a bitter dispute that has left homes
without heat amid freezing temperatures.

Friday, January 16, 2009

Energy: ConocoPhillips cuts jobs, spending in face of falling oil prices

Date: 17 JAN 2009 01:17:54 GMT

ConocoPhillips says it will cut 4%, or about 1,300 employees, from its
payroll and slash capital spending this year to cope with falling oil
prices and lower refining margins as a severe economic downturn saps
global energy demand.

Tech: Intel gains help lift tech sector at market close

Date: Fri, 16 Jan 2009 18:00:23 -0500

Tech Stocks: Intel gains help lift tech sector at market close
1/16/2009 4:21 PM ET
Tech stocks turn in a largely upbeat performance as Intel Corp. and
IBM Corp. help the sector break free from earlier losses and end the
day with broad gains.

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Time Warner holders OK reverse stock split
1/16/2009 4:43 PM ET
Time Warner shareholders voted Friday to authorize a reverse stock
split of either 1-to-2 or 1-to-3 once the separation of Time Warner
Cable has been completed.

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AMD to cut 1,100 jobs, slash executive and staff salaries
1/16/2009 4:24 PM ET
The chip maker plans to cut its workforce by 9%, or roughly 1,100
positions, in the first quarter as it struggles to lower costs in an
economic downturn.

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Intel shares rise as analysts anticipate turnaround
1/16/2009 4:17 PM ET
Intel Corp. shares rise despite the chip maker reporting a huge drop
in quarterly profit as analysts anticipate the market bottom for a
tech giant wit a history of surviving downturns.

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Europe objects to Microsoft's browser bundling
1/16/2009 3:40 PM ET
European antitrust regulators have told Microsoft that the company's
practice of including its Internet browser with its popular Windows
operating system violates European competition law.

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Earnings Outlook: EBay expected to see earnings decline in fourth quarter
1/16/2009 2:52 PM ET
The online auctioneer, which is trying to restructure its business in
the middle of an economic recession, faces a relatively dim outlook
for its fourth-quarter earnings report next week.

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Earnings Outlook: After weeks of gloomy rumors, Microsoft to address Wall Street
1/16/2009 2:36 PM ET
Following weeks of speculation that Microsoft Corp. may take the
unusual step of cutting jobs to grapple with the down economy, the
company is expected to post fiscal second-quarter financial results
after market's close on Thursday.

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Earnings Outlook: Google expected to see profit gain despite economy
1/16/2009 1:49 PM ET
Google Inc. will follow news of its first-ever round of layoffs with a
fiscal fourth-quarter earnings report on Thursday, as a number of
analysts have recently reduced their expectations for the company's
performance in the period.

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Telecom Stocks: Telecoms fade after early advances
1/16/2009 1:46 PM ET
Early gains fizzled and most telecommunications
stocks were flat to lower in Friday action, just days ahead of the
inauguration of President-elect Barack Obama.

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Circuit City to liquidate, adding to U.S. job losses
1/16/2009 1:43 PM ET
After failing to secure financing from creditors and lenders, bankrupt
electronics vendor Circuit City will liquidate, joining the list of
retailers like Linens 'n Things that are closing up shop due to the
economic downturn.

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Earnings Outlook: Steadiness, caution expected with IBM report
1/16/2009 11:31 AM ET
IBM Corp. is slated to report fourth-quarter earnings on Tuesday, and
analysts are largely expecting Big Blue to provide some welcome, if
only temporary, steadiness to a tech sector that has become rife with
disappointing quarterly results and weak outlooks.

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Before the Bell: Citigroup, Bank of America, Intel in the spotlight
1/16/2009 8:37 AM ET
Stock market futures pointed to a second day of gains Friday as the
U.S. government injected capital into Bank of America and guaranteed
assets at Citigroup after heavy losses for both firms.

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Sony Ericsson posts second straight quarterly loss
1/16/2009 6:10 AM ET
Sony Ericsson Mobile Communications reports its second-straight
quarterly loss as sales slump on weaker consumer demand and it takes
charges for job cuts.

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Samsung to restructure into 2 business units
1/15/2009 11:34 PM ET
South Korean electronics giant Samsung Electronics announced Friday an
operational and management shakeup that will see the world's largest
maker of memory chips and liquid crystal display panels restructure
into two operating
divisions, according to a published report.

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Video game sales beat estimates for December
1/15/2009 9:15 PM ET
Despite the slumping national economy, sales of video games still
managed to beat Wall Street's expectations for the month of December,
thanks mostly to
strong demand for Nintendo devices.

Markets Friday, 01/16/2009

Date: Fri, 16 Jan 2009 17:31:03 -0500

MARKETS:
Stocks stage comeback
Wall Street gains at the end of a choppy session.

Bank of America's dividend cut one of many facing investors

Date: Fri, 16 Jan 2009 17:01:34 -0500

Bank of America's dividend cut one of many facing investors

The financial companies behind much of the trauma clobbering the
broader markethave S&P 500 investors in 2009 facing the worst picture
for dividends in at least half a century.

2008 FOOD INFLATION HIGHEST SINCE 1980, WITH MORE HIKES ON WAY

Grocery-store food prices jumped 6.6% in 2008, the largest annual
spike since 1980, the Labor Department said Friday.

CIRCUIT CITY TO LIQUIDATE, ADDING TO U.S. JOB LOSSES

After failing to secure financing from creditors and lenders, bankrupt
electronics vendor Circuit City will liquidate, joining the list of
retailer like Linens 'n Things that are closing up shop due to the
economic downturn.

CITI TO OPERATE TWO UNITS, SPLIT BANK FROM TOXIC ASSETS

Citigroup is realigning into two businesses, in effect reverting back
to its operations before Sandy Weill and his team turned the company
into a "financial supermarket" over the last decade.

TREASURY PUTS OUT BAILOUT CEO PAY PACKAGE RULES

Treasury puts out bailout CEO pay package rules.

Stocks stage a late-day rally, with the Dow closing up 60 after BofA got another bailout and Citi unveiled plans to split.

Date: Fri, 16 Jan 2009 16:02:19 -0500

Stocks stage a late-day rally, with the Dow closing up 60 after BofA
got another bailout and Citi unveiled plans to split.

Dow industrials up 90 points near Friday's close

Date: Fri, 16 Jan 2009 15:54:12 -0500

Dow industrials up 90 points near Friday's close
1/16/2009 3:52:15 PM EDT

Energy: Street dims solar outlook as Obama era nears

Date: 16 JAN 2009 18:12:58 GMT

Wall Street has tempered its outlook on the solar panel business, even
as the alternative energy sector looks toward a boost from the
incoming Obama administration.

Circuit City, which has 30,000 workers at 567 stores, seeks court OK to liquidate after failing to reach deal with creditors.

Date: Fri, 16 Jan 2009 11:14:05 -0500

Circuit City, which has 30,000 workers at 567 stores, seeks court OK
to liquidate after failing to reach deal with creditors.

NTSB agents arrive to investigate ditched US Airways flight

Date: Fri, 16 Jan 2009 12:01:11 -0500

NTSB agents arrive to investigate ditched US Airways flight

As the pilot of a US Airways jet that splashed down in the Hudson
River wins accolades, National Transport Safety Board investigators
arrive to begin their inquiry into the crash Thursday afternoon.

CITI, B. OF. A. RESULTS HAMMERED BY CRISIS

Citigroup unveils plans to dismantle more of its financial-services
empire and Bank of America says it will get billions of dollars in new
government support.

CITI TO OPERATE TWO UNITS, SPLIT BANK FROM TOXIC ASSETS

Citigroup Inc said it will realign into two businesses, Citicorp and Citi
Holdings, in effect reverting back to running a banking business
similar to its operations before Sandy Weill and his team turned the
firm into a financial supermarket over the last decade.

ECONOMIC REPORT: CONSUMER PRICES SHOW SMALLEST GAIN IN 54 YEARS

In another sign of the depth of the global economic slowdown, U.S.
consumer prices rises just 0.1% in 2008, the smallest increase in 54
years.

INTEL SHARES RISE AS ANALYSTS ANTICIPATE TURNAROUND

Intel Corp. shares rise despite the chip maker reporting a huge drop
in quarterly profit as analysts anticipate the market bottom for a
tech giant with
a history of surviving downturns.

Citigroup reports quarterly loss of $8.3B - much worse than expected. Says it will split into 2 businesses - a bank and a brokerage.

Date: Fri, 16 Jan 2009 06:05:06 -0500

Citigroup reports quarterly loss of $8.3B - much worse than expected.
Says it will split into 2 businesses - a bank and a brokerage.

Bank of America quarterly loss was $1.8B. In addition, Merrill lost $15.3B, and BoA announced a $20B bailout.

Date: Fri, 16 Jan 2009 06:17:08 -0500

Bank of America says it lost $1.8B in quarter. In addition, Merrill
lost $15.3B, and BoA announced a $20B bailout.

Increase in consumer prices in 2008 is smallest in 54 years; CPI down in December

Date: Fri, 16 Jan 2009 08:34:04 -0500

Increase in consumer prices in 2008 is smallest in 54 years; CPI down
in December
1/16/2009 8:32:04 AM EDT

U.S. industrial production falls 2% in December, 11.5% in fourth quarter

Date: Fri, 16 Jan 2009 09:19:07 -0500

U.S. industrial production falls 2% in December, 11.5% in fourth quarter
1/16/2009 9:17:17 AM EDT

Consumer prices fell 0.7% in December - 3rd straight month of declines - on sharp drop in energy costs, government says.

Date: Fri, 16 Jan 2009 08:34:03 -0500

Consumer prices fell 0.7% in December - 3rd straight month of declines
- on sharp drop in energy costs, government says.

Energy: Crude-oil futures score early gains; IEA sees weak demand

Date: 16 JAN 2009 14:20:54 GMT

Crude-oil futures consolidate atop $35 a barrel, as the International
Energy Agency forecast that world oil demand will drop for two
consecutive years -- the first time it's done so in 26 years.

Stocks open higher as another government bailout of Bank of America offsets dismal quarterly results from BofA and Citigroup.

Date: Fri, 16 Jan 2009 09:31:02 -0500

Stocks open higher as another government bailout of Bank of America
offsets dismal quarterly results from BofA and Citigroup.

Thursday, January 15, 2009

Markets Thursday, 01/15/2009

Date: Thu, 15 Jan 2009 17:31:03 -0500

MARKETS:
Bank-rescue hopes buoy stocks
Wall Street stages a snapback rally after major gauges touch two-month lows.

US Airways plane crashes into Hudson River in New York

Date: Thu, 15 Jan 2009 17:01:30 -0500

US Airways plane crashes into Hudson River in New York

US Airways flight 1549 on its way to Charlotte, N.C., has crashed into
the Hudson River off New York City.

INTEL POSTS 90% DROP IN FOURTH-QUARTER NET PROFIT

Intel Corp. on Thursday reported a 90% drop in
fourth-quarter net profit as the chip giant navigated what Chief
Executive Paul Otellini said was an uncertain market environment.

MORTGAGES: BENCHMARK 30-YEAR MORTGAGE FALLS BELOW 5% FOR FIRST TIME

The benchmark 30-year mortgage fell below 5% for the first time ever
in Freddie Mac's weekly rate survey as economic weakness continued to
push interest rates lower, the mortgage agency said.

BANK OF AMERICA REPORTEDLY TO GET BILLIONS FROM WASHINGTON

Bank of America shares lose more than a quarter of their value
Thursday and trade at 17-year lows after a report that the government
is dipping into its $700 billion bailout war chest to help the firm
digest its acquisition of Merrill Lynch & Co

ECB TO PAUSE NEXT MONTH AFTER REDUCING RATES TO 2%

European Central Bank President Jean-Claude Trichet signaled that
policy makers will likely take a breather in February after cutting
the euro-zone's key lending rate another half-point on Thursday to
match an all-time low of 2%.

Stocks stage a comeback with the Dow closing up slightly after falling 200 points on renewed fears about the shaky banking sector.

Date: Thu, 15 Jan 2009 16:02:09 -0500

Stocks stage a comeback with the Dow closing up slightly after falling
200 points on renewed fears about the shaky banking sector.

Energy: Infrastructure fund manager taps Fluor, FPL Group, Siemens

Date: 15 JAN 2009 19:28:54 GMT
The Stockpickers - Infrastructure fund manager taps Fluor, FPL Group, Siemens

The huge economic stimulus bill that Democrats have in the works is
designed to kick-start the economy and create thousands of jobs. But
the estimated $825 billion package should also be good news for
investors in infrastructure stocks.

Energy: Managed decline of Russia's ruble continues

Date: 15 JAN 2009 17:06:49 GMT

The Russian ruble falls to an 11year low against the U.S. dollar, as
the central bank devalues the currency for the fourth time in less
than a week, according to media reports.

Benchmark 30-year mortgage falls below 5% for first time

Date: Thu, 15 Jan 2009 12:01:09 -0500
Benchmark 30-year mortgage falls below 5% for first time

The benchmark 30-year mortgage fell below 5% for the first time ever
in Freddie Mac's weekly rate survey as economic weakness continued to
push interest rates lower, the mortgage agency said.

J.P. MORGAN PROFIT FALLS MORE THAN 75%

J.P. Morgan Chase says fourth-quarter profit falls 77.6% amid
continuing write-downs and a deteriorating consumer environment.

BANK OF AMERICA REPORTEDLY TO GET BILLIONS FROM WASHINGTON

Bank of America shares lost more than a quarter of their value
Thursday and traded at 17-year lows after a report that the government
is dipping into its $700 billion bailout war chest to help the firm
digest its acquisition of Merrill Lynch & Co.

INVESTORS, ANALYSTS SOUND CAUTIOUS ON JOBS' HEALTH ISSUES

News that Apple's CEO is going on medical leave send the company's
shares down as much as 6% as analysts fret about succession planning
under the visionary tech leader.

ECB TO PAUSE NEXT MONTH AFTER REDUCING RATES TO 2%

Energy: Canadian stocks fall, led by energy, financials

Date: 15 JAN 2009 16:25:26 GMT

Equities in Canada decline as energy prices remain under pressure and
financial companies fall in tandem with U.S. banks.

Energy: Energy stocks take familiar path into the red

Energy: Energy stocks take familiar path into the red
1/15/2009 10:12:00 AM ET

Energy stocks took a familiar path lower as crude traded below $37 a
barrel and natural gas future slipped under the level of $5 per
thousand cubic feet for the first time in more than two years.

European Central Bank chops rates by a half-point to 2%

Date: Thu, 15 Jan 2009 07:48:13 -0500

European Central Bank chops rates by a half-point to 2%
1/15/2009 7:46:24 AM EDT

First-time jobless claims up 54,000 last week; U.S. continuing claims at 4.5 million

Date: Thu, 15 Jan 2009 08:33:50 -0500

First-time jobless claims up 54,000 last week; U.S. continuing claims
at 4.5 million
1/15/2009 8:32:04 AM EDT

Energy: Oil falls after data shows rise in jobless claims

Date: 15 JAN 2009 14:06:09 GMT

Oil futures fall below $37 a barrel, as a rise in jobless claims and a
build in crude inventories weighed on investor sentiment.

Stocks open flat after JPMorgan Chase reports a surprise profit and investors digest grim economic data.

Date: Thu, 15 Jan 2009 09:32:06 -0500

Stocks open flat after JPMorgan Chase reports a surprise profit and
investors digest grim economic data.

Wednesday, January 14, 2009

Markets Wednesday, 01/14/2009

Date: Wed, 14 Jan 2009 17:31:03 -0500

MARKETS:
Another bad day for the Dow
Blue-chip measure down for 6th straight day as investors lament weak
retail sales and dismal banking news.

Apple's Jobs to take medical leave of absence

Date: Wed, 14 Jan 2009 17:01:24 -0500

Apple's Jobs to take medical leave of absence

Apple Inc. Chief Executive Steve Jobs says that because of his health
issues he will take a medical leave of absence from the company until
the end of June.

MARKET SNAPSHOT: ENERGY SHARES SEND U.S. STOCKS TO DECEMBER LOWS

Energy and financial shares pace a broad market slide after downbeat
December retail sales offer the latest confirmation of a deepening
recession.

CAPITOL REPORT: FAULT LINES EMERGE AT FED

Key fault lines are emerging at the Federal Reserve over the central
bank's journey into uncharted monetary policy.

AFTER BROKERAGE DEAL, CITI MAY REDUCE ITS SIZE BY ONE-THIRD

Following a blockbuster brokerage deal with Morgan Stanley,
Citigroup's set to unveil a sweeping plan to unload several businesses
and reduce its size by one-third -- moves that essentially sound a
death knell for its financial-services supermarket model, according to
a published

ECONOMIC REPORT: U.S. RETAIL SALES PLUNGE 2.7% IN DECEMBER

Weak demand and falling prices give rise to a worse-than-projected
2.7% drop in U.S. seasonally adjusted retail sales for December,
Commerce Department data show.

Dow hits a new low for the day, dropping 307 points, as a wave of fear hits investors.

Date: Wed, 14 Jan 2009 15:45:06 -0500

Dow hits a new low for the day, dropping 307 points, as a wave of fear
hits investors.

OIl settles 50 cents lower at $37.28 a barrel - a 3 week low.

Date: Wed, Jan 14, 2009 at 2:52 PM

OIl settles 50 cents lower at $37.28 a barrel - a 3 week low.

No signs of upturn through early January: Fed Beige Book

Date: Wed, 14 Jan 2009 14:03:34 -0500

No signs of upturn through early January: Fed Beige Book
1/14/2009 2:01:35 PM EDT

Energy: E.U. urges Russia, Ukraine to resume gas supplies

Date: 14 JAN 2009 18:06:30 GMT

The European Union urges Russia and Ukraine to immediately resume full
gas supplies to Europe, as the bitter dispute between the two leaves
about 20 countries without Russian gas for an eighth day amid freezing
temperatures.

Bank woes pull financials down; Citi shares under $5

Date: Wed, 14 Jan 2009 12:01:11 -0500
Bank woes pull financials down; Citi shares under $5

banks and uncertainty over the future of Citigroup Inc. roiled the sector.

ECONOMIC REPORT: U.S. RETAIL SALES PLUNGE 2.7% IN DECEMBER

Weak demand and falling prices give rise to a worse-than-projected
2.7% drop in U.S. seasonally adjusted retail sales for December,
Commerce Department data show.

TIFFANY CUTS FORECAST, POSTS 21% DECLINE IN HOLIDAY SALES

Citing the familiar refrain of a deteriorating global economy and
cautious consumer spending, Tiffany & Co. posted a 21% decline in
holiday sales and again cut its full-year forecast range.

BOND REPORT: TREASURY YIELDS FALL TO LOWEST LEVEL OF 2009

Treasury prices rose, pushing yields to the lowest this year, after a
government report said retail sales dropped 2.7% in December, far more
than expected.

REFINANCE APPLICATIONS HIGHEST IN MBA'S SURVEY

The rush among homeowners to take advantage of lower interest rates
shows no sign of abating, judging from the latest survey data compiled
by the Mortgage Bankers Association.

Energy: Oil stocks pounded by bearish supply, retail data

Date: 14 JAN 2009 16:03:13 GMT

More bad news on the economy, a 280-point early decline by the Dow
Jones Industrial Average and a further drop in crude-oil prices set up
another rough session for energy stocks.

Energy: Stocks fall as Nortel files for bankruptcy, commodity prices sink

Date: 14 JAN 2009 16:14:31 GMT

Stocks in Canada fell sharply Wednesday, pressured by falling
commodity prices and news that Nortel Networks Corporation filed for
bankruptcy protection.

Oil prices tumble after government reports larger-than-expected jump in gasoline stockpiles, offsetting lower crude inventories.

Date: Wed, 14 Jan 2009 10:34:03 -0500

Oil prices tumble after government reports larger-than-expected jump
in gasoline stockpiles, offsetting lower crude inventories.

Energy: Oil futures fall ahead of petroleum supplies data

Date: 14 JAN 2009 14:04:13 GMT

Oil futures fell ahead of the latest data on petroleum inventories and
as dismal retail sales data highlighted the weakness of the U.S.
economy.

Holiday sales tumbled 2.8% - worse than expected - according to retail trade group.

Date: Wed, 14 Jan 2009 10:11:04 -0500

Holiday sales tumbled 2.8% - worse than expected - according to retail
trade group.

Dow industrials fall 160 points; Citi is worst performer, off 15%

Date: Wed, 14 Jan 2009 09:47:11 -0500

Dow industrials fall 160 points; Citi is worst performer, off 15%
1/14/2009 9:44:53 AM EDT

Tuesday, January 13, 2009

Markets Tuesday, 01/13/2009

Date: Tue, 13 Jan 2009 17:31:04 -0500

MARKETS:
Stocks seesaw on earnings woes
Wall Street struggles after previous day's selloff as investors
consider corporate reports, Bernanke speech.

Yahoo said to be tapping tech veteran Bartz as new CEO

Date: Tue, 13 Jan 2009 17:02:04 -0500

Yahoo said to be tapping tech veteran Bartz as new CEO

Yahoo is expected to name respected Silicon Valley veteran Carol Bartz
to replace co-founder Jerry Yang as its new chief executive, according
to a

THE RATINGS GAME: MONEY MANAGERS BRACE FOR WHAT PROMISE TO BE BRUTAL RESULTS

With their fourth-quarter financial results, asset-management firms
will likely turn a spotlight on some of the worst-ever numbers
reported by the sector, as. borne out by falling asset values,
investor redemptions and declining margins, according to analysts.

THE FED: BERNANKE SAYS NO RECOVERY WITHOUT MORE BANK AID

There will be no lasting recovery without further government action
and funds to strengthen the financial system, with the timing of an
economic recovery
"highly uncertain," Federal Reserve chief Ben Bernanke tells a
London audience.

ECONOMIC REPORT: TRADE DEFICIT PLUNGES ON FALLING DEMAND, PRICES

The U.S. trade balance with the rest of the world amounts to $40.4
billion in November, plunging 29% on a record decline in oil prices
and much weaker demand for imports, Commerce Department data show.

Yahoo said to be tapping tech veteran Bartz as new CEO

Date: Tue, 13 Jan 2009 17:02:04 -0500

Yahoo said to be tapping tech veteran Bartz as new CEO

Yahoo is expected to name respected Silicon Valley veteran Carol Bartz
to replace co-founder Jerry Yang as its new chief executive, according
to a

THE RATINGS GAME: MONEY MANAGERS BRACE FOR WHAT PROMISE TO BE BRUTAL RESULTS

THE FED: BERNANKE SAYS NO RECOVERY WITHOUT MORE BANK AID

ECONOMIC REPORT: TRADE DEFICIT PLUNGES ON FALLING DEMAND, PRICES

Dow closes down 33 points, struggling after Monday's selloff, as investors consider earnings reports, Bernanke speech.

Date: Tue, 13 Jan 2009 16:01:06 -0500

Dow closes down 33 points, struggling after Monday's selloff, as
investors consider earnings reports, Bernanke speech.

Oil settled down 19 cents to $37.78 a barrel, after Saudi Arabia's oil minister said that the kingdom plans to cut output.

Date: Tue, Jan 13, 2009 at 2:50 PM

Oil settled down 19 cents to $37.78 a barrel, after Saudi Arabia's oil
minister said that the kingdom plans to cut output.

Yahoo to name former Autodesk boss Carol Bartz as CEO: Wall Street Journal

Date: Tue, 13 Jan 2009 12:56:32 -0500

Yahoo to name former Autodesk boss Carol Bartz as CEO: Wall Street Journal
1/13/2009 12:54:38 PM EDT

Bernanke says no recovery without more bank aid

Date: Tue, 13 Jan 2009 12:01:57 -0500

Bernanke says no recovery without more bank aid

There will be no lasting recovery without further government action
and funds to strengthen the financial system, with the timing of an
economic recovery. "highly uncertain," Federal Reserve chief Ben
Bernanke tells a London audience.

ECONOMIC REPORT: TRADE DEFICIT PLUNGES ON FALLING DEMAND, PRICES

SONY SEEN REPORTING FIRST OPERATING LOSS IN 14 YEARS

Japanese electronics major Sony Corp. is expected to report its first
operating loss in 14 years as demand for flat-screen televisions and
other consumer products sags and profit margins are pared by a strong
yen, according to a media report Tuesday.

FACING MORE LOSSES, ALCOA'S COST CUTS MAY DEEPEN

Alcoa's wider-than-expected loss could be the start of a series of
quarters in the red for the aluminum giant as it faces the prospect of
cutting costs further to conserve cash, analysts say. At risk is the
blue chip's dividend.

ELAN RALLIES AS IRISH DRUGMAKER PLANS REVIEW

Shares of Elan rally as much as 17% in Dublin as the Irish drugmaker
puts itself on the block following the troubles surrounding key
multiple sclerosis and Alzheimer's drugs.

Timing of U.S. economic recovery remains 'highly uncertain,' Fed's Bernanke says

Date: Tue, 13 Jan 2009 08:04:59 -0500

Timing of U.S. economic recovery remains 'highly uncertain,' Fed's Bernanke says
1/13/2009 8:03:10 AM EDT

Energy: Canadian stocks rise, led by mining, energy firms

Date: 13 JAN 2009 16:07:03 GMT
1/13/2009 11:06:00 AM ET

Canadian stocks rise, as higher commodity prices propel mining and
energy shares upwards, while Bank of Montreal says it will buy
American International Group Inc.'s Canadian life insurance business.

Energy: Gazprom says Ukraine is blocking gas supplies to Europe

Date: 13 JAN 2009 14:56:46 GMT

Russia's gas giant Gazprom says Tuesday that Ukraine is blocking
Russian gas supplies to the rest of Europe by keeping a transit
pipeline closed, throwing into doubt a deal to resolve the energy
dispute that has cut off gas to Europe at a time of freezing winter
temperatures.

Energy: Energy stocks perk up despite lower crude prices

Date: 13 JAN 2009 15:08:38 GMT

Hard-hit petroleum stocks stage a mild recovery in early action on
Tuesday, as a favorable court ruling for Anadarko Petroleum and a
production boost from Marathon Oil encourage buying.

Trade deficit fell to $40.4B in November, the government says. Imports plummeted 12%, driven down by huge drop in oil prices.

Date: Tue, 13 Jan 2009 08:34:03 -0500

Trade deficit fell to $40.4B in November, the government says. Imports
plummeted 12%, driven down by huge drop in oil prices.

Stocks open lower as investors remain jittery following comments by Bernanke suggesting further bailouts may be needed.

Date: Tue, 13 Jan 2009 09:32:18 -0500

Stocks open lower as investors remain jittery following comments by
Bernanke suggesting further bailouts may be needed.

Monday, January 12, 2009

Markets Monday, 01/12/2009

Date: Mon, 12 Jan 2009 17:31:03 -0500

MARKETS:
Wall Street in sharp retreat
Stocks slide as investors gear up for the start of the corporate
reporting period. Citigroup tumbles on a possible Morgan deal.

U.S. stocks finish at 2009 lows amid earnings jitters

Date: Mon, 12 Jan 2009 17:01:46 -0500

U.S. stocks finish at 2009 lows amid earnings jitters

U.S. stocks sink to their lowest levels so far this year, with financials
hammered the hardest. Investors appeared leery of what is likely to be
an especially grim earnings season.

CITIGROUP MAY BE BROKEN UP, UNDER GOVERNMENT INFLUENCE

Some private investors have been calling for Citigroup to break itself
up for years. Now, according to analysts, the government may be doing
the job.

CRUDE SUPER CONTANGO PUTS MORE OIL IN STORAGE, SIGNALS PRICE RISE

A record amount of crude oil has been put into storage as investors
and producers wait for oil prices to rise in the following months, in
the hope that they can sell their oil at dearer prices.

MANY MORE COMPANIES SLASHED EARNINGS OUTLOOKS AS ECONOMY CRATERED

A global economy in tatters, massive U.S. job losses and a plunge in
commodity prices have combined to spark an unusually high rate of
warnings about corporations' fourth-quarter earnings, data show.
BUSH LOOKS BACK DURING FINAL PRESS CONFERENCE

President Bush defends his record and names what he thinks are some of
the achievements and mistakes of his presidency during his final press
conference, taking a look back over eight years of an administration
marked by the Sept. 11, 2001, attacks, a recession and Hurricane
Katrina.

Stocks tumbled Monday amid concerns about 4th quarter results; Dow down 126, Nasdaq and S&P lose more than 2%.

Date: Mon, 12 Jan 2009 16:01:06 -0500

Stocks tumbled Monday amid concerns about 4th quarter results; Dow
down 126, Nasdaq and S&P lose more than 2%.

Oil settles down nearly 8% to $37.59 a barrel on global economic concerns.

Date: Mon, 12 Jan 2009 15:03:02 -0500

Oil settles down nearly 8% to $37.59 a barrel on global economic concerns.

Judge declines to revoke bail for accused swindler Bernard Madoff, but imposes new restrictions on his home detention.

Date: Mon, Jan 12, 2009 at 12:16 PM

Judge declines to revoke bail for accused swindler Bernard Madoff, but
imposes new restrictions on his home detention.

Energy: Super contango in crude oil creates record inventory level

Date: Mon, Jan 12, 2009 at 2:02 PM

A record amount of crude oil has been put into storage as investors
and producers wait for oil prices to rise in the following months, in
the hope that they can sell their oil at dearer prices.

Paced by major oils, shares in Europe resume recent pullback

Date: Mon, 12 Jan 2009 12:03:10 -0500
Paced by major oils, shares in Europe resume recent pullback

European shares decline for a fourth straight session on Monday, as
worries over the world economy send shares of oil-sector companies
lower. Financials trade mixed.

HONG KONG, MUMBAI DRAG ON REGIONAL MARKETS

Asian shares were mostly a little lower Monday as investors looked for
Alcoa Inc. to kick off an expected rough earnings season later in the
U.S., with resource and airline stocks the main decliners.

ECONOMIC PREVIEW: AMERICAN CONSUMERS CRUSHED BY JOB LOSSES

With almost 2.6 million job losses last year, American consumers, once
seen as unflappable, have been pulling back.

nergy: Canadian stocks decline with oil, gold prices

Date: 12 JAN 2009 16:13:30 GMT

Equities in Canada decline in tandem with U.S. markets and as oil and
gold prices head lower amid concerns of a slowing global economy.

President-elect Obama has formally asked President Bush to request the remaining $350 billion in bailout funding, White House says.

Date: Mon, 12 Jan 2009 11:38:03 -0500

President-elect Obama has formally asked President Bush to request the
remaining $350 billion in bailout funding, White House says.

Energy: E.U. says Russia has promised to resume gas supplies on Tuesday

Date: 12 JAN 2009 15:01:05 GMT

The Czech presidency of the European Union says that Russia has
promised to restart gas supplies to Europe via Ukraine starting
Tuesday morning after a deal was signed on monitoring the transit
route for Russian gas.

Energy: Petroleum stocks sag with oil prices

Date: 12 JAN 2009 15:07:50 GMT

Energy stocks retreat, as crude futures move closer to their Dec. 19
low of $32.40 a barrel.

Sunday, January 11, 2009

Energy: Russia and Ukraine reach deal on natural-gas flows: report

Date: 11 JAN 2009 12:24:15 GMT

Russia and Ukraine early Sunday reached a deal to restore natural-gas
flows to Europe, as monitoring teams from the European Union prepared
to oversee the transit of Russian gas, the Associated Press reported.

Friday, January 9, 2009

Markets Friday, 01/9/2009

Date: Fri, 9 Jan 2009 17:31:03 -0500

MARKETS:
Stocks knocked by jobs report
Dow ends down 1.6% as investors fret the loss of another 524,000 jobs
in December.

Citi in talks to sell brokerage business, reports say

Date: Fri, 09 Jan 2009 17:01:30 -0500

Citi in talks to sell brokerage business, reports say

Citigroup Inc.'s brokerage business is reportedly for sale as the
giant bank tries to recover from a near-collapse that's left it on
government life support.

BIG BOND DEALERS SEE YIELDS RISING IN 2009 AS ECONOMY REBOUNDS

Yields on U.S. Treasury bonds will rise from their current near-record
lows by the end of the year as economic growth resumes, but are likely
to stay at historically depressed levels, the biggest bond dealers
say.

ECONOMIC REPORT: CARNAGE CONTINUES WITH 524,000 JOBS LOST IN DECEMBER

The U.S. economy lost 524,000 jobs in December, closing out the worst year for
job losses since World War II, the Labor Department says.

JOHN DVORAK'S SECOND OPINION: CAN PRE REALLY HELP PALM SURVIVE?

Analysts see Palm's new Pre smart phone as something more than a
wannabe iPhone, but it really looks like nothing more than its popular
rival with a slide-out keypad, writes John Dvorak.

Dow finishes nearly 150 points lower after a dreary jobs report spooks investors.

Date: Fri, 9 Jan 2009 16:01:06 -0500

Dow finishes nearly 150 points lower after a dreary jobs report spooks
investors.

Robert Rubin resigns from Citigroup: Wall Street Journal

Date: Fri, 09 Jan 2009 15:13:30 -0500

Robert Rubin resigns from Citigroup: Wall Street Journal
1/9/2009 3:10:59 PM EDT

USnews

Date: Fri, 09 Jan 2009 09:37:07 -0800 (PST)

Obama to name intelligence appointments Friday, sources say
01/09/09 08:56 AM, EST
President-elect Barack Obama will announce Friday that he is naming
Leon Panetta as CIA director and Dennis Blair as director of national
intelligence, two officials close to the transition said.

Stem cell discovery could mean faster healing
01/09/09 08:34 AM, EST
Researchers have found a way to prompt bone marrow to release a flood
of certain stem cells which could help heart attack patients recover
faster.

Carnage continues with 524,000 jobs lost in December

Date: Fri, 09 Jan 2009 12:01:02 -0500

Carnage continues with 524,000 jobs lost in December

The U.S. economy lost 524,000 jobs in December, closing out the worst
year for job losses since World War II, the Labor Department says.

RECESSION TO DEEPEN IN FIRST HALF: BOSTON FED CHIEF

The U.S. economic recession is set to deepen in the first half of the
year, but could begin to show signs of improvement later in the year,
Boston Federal Reserve Bank President Eric Rosengren said in a speech
late Thursday.

LEHMAN TO SPIN OUT PRIVATE EQUITY ARM -- WSJ

The private-equity arm of failed Wall Street brokerage Lehman Brothers
has reached a deal to be spun out as an independent entity, according
to a media report Thursday.

SATYAM SLUMPS AGAIN AS INVESTORS DUMP SHARES

Shares of Satyam Computer Services plunged for a second straight
session Fridayas worried investors dumped stocks in the wake of
reports that the software giant may be strapped for cash and some
clients are reviewing contracts.

Energy: Oil falls for fourth session after U.S. jobs data

Date: 9 JAN 2009 14:30:39 GMT

Crude-oil futures fall Friday for a fourth consecutive session,
heading for a weekly loss of more than 11%, after government reports
showed that the U.S., the world's biggest oil consumer, lost the most
jobs in 2008 since World War II.

Energy: Russia, Ukraine inch closer to resolving gas deal

Date: 9 JAN 2009 13:37:55 GMT

The CEO of Russia's state-controlled Gazprom said Friday his company
would allow international monitors to keep track of pipeline shipments
of natural gas leaving Russian territory and entering Ukraine.

Employers shed 524,000 jobs in December and 2.6 million in '08 - worst year since 1945, U.S. says. Unemployment rate spikes to 7.2%.

Date: Fri, 9 Jan 2009 08:33:03 -0500

Employers shed 524,000 jobs in December and 2.6 million in '08 - worst
year since 1945, U.S. says. Unemployment rate spikes to 7.2%.

Thursday, January 8, 2009

Energy: Stocks in focus for Friday

Date: Thu, 8 Jan 2009 16:43:42 -0800 (PST)

Among the companies whose shares are expected to see active trade in
Friday's session are KB Home, MSCI, General Mills, and Chevron.

Markets Thursday, 01/8/2009

Date: Thu, 8 Jan 2009 17:31:03 -0500

MARKETS:
Stocks fight back
Wall Street cuts losses at the end of a choppy session on worries
about the consumer.

Billionaire investor Burkle bets on Whole Foods

Date: Thu, 08 Jan 2009 17:01:49 -0500

Billionaire investor Burkle bets on Whole Foods

The investment fund run by Ron Burkle, who made a fortune investing in
supermarkets, hopes to find another payoff in Whole Foods Market, the
high-priced organic grocery chain that has fallen on hard times. See
full
story.

OBAMA WARNS OF DIRE CONSEQUENCES WITHOUT STIMULUS

President-elect Barack Obama urges Congress to get to work on a
massive stimulus plan of new spending and tax cuts, conceding that the
package would be costly in the short term but needed to head off dire
consequences for the
country.

OBAMA ASKS FOR DELAY IN DIGITAL TV SWITCH

The incoming Obama administration asks Congress to postpone the
nationwide switch to digital television, saying too many Americans
would lose their TV signals if the change takes place as planned in
mid-February.

COMMERCIAL PAPER CLAWS BACK TO PRE-LEHMAN LEVELS

Commercial paper volumes have rebounded to their levels before the
collapse of Lehman Bros. sent investors fleeing all but the safest
debt, new Federal Reserve data shows.

Oil settles 93 cents lower at $41.70 a barrel as more signs of economic weakness drag on demand.

Date: Thu, 8 Jan 2009 14:59:04 -0500

Oil settles 93 cents lower at $41.70 a barrel as more signs of
economic weakness drag on demand.

Breaking news: Obama urges passage of stimulus plan

Date: Thu, 08 Jan 2009 10:48:45 -0600

WASHINGTON (AP) - In his first speech since his election,
President-elect Barack Obama warned that the economy could become
"dramatically worse" if Congress doesn't enact a massive stimulus
program. He laid out goals of doubling the production of alternative
energy over three years, updating most federal buildings to improve
energy efficiency, making medical records electronic, expanding
broadband networks and updating schools and universities.

Energy: Canadian stocks decline, led by mining and jobs outlook

Date: 8 JAN 2009 16:46:46 GMT

Equities in Canada edge higher, reversing earlier declines in tandem
with U.S. markets, a weak labor market outlook and falling oil prices.

U.S. stocks reduce losses as Sears offsets Wal-Mart damage

Date: Thu, 08 Jan 2009 12:01:12 -0500
U.S. stocks reduce losses as Sears offsets Wal-Mart damage

U.S. stocks scale back early losses as Sears Holdings Corp.'s forecast
helps lift the Nasdaq Composite and offsets disappointment that came
after Wal-Mart Stores Inc. cut its earnings expectations.

RECESSION, JOB LOSSES SNOW ON RETAILERS' DECEMBER SALES

Severe winter storms before Christmas, coupled with the recession,
rising job losses and already worst consumer confidence on record,
snowed on retailers' sales in December, their biggest selling month of
the year.

TD AMERITRADE TO BUY THINKORSWIM FOR $606 MILLION

TD Ameritrade Holding said Thursday it has agreed to
buy online brokerage firm Thinkorswim Group in a deal valued at about
$606 million. TD Ameritrade is the industry leader in the number of
stock trades places each day, while Thinkorswim is the industry leader
in retail options trades. "This deal advances TD Ameritrade's growth
strategy for its active trader client segment by introducing new
trading functionality for traders, including advanced options trading,
futures, foreign exchange trading and
portfolio margining," said the company in a statement. Shares of TD
Ameritrade closed at $13.48 Wednesday, while Thinkorswim stock closed
at $5.65.

ECONOMIC REPORT: INITIAL JOBLESS CLAIMS FALL; CONTINUING CLAIMS
HIGHEST SINCE 1982

First-time applications for state unemployment benefits fall 24,000 to
a seasonally-adjusted 467,000 in the week ending Jan. 3, the Labor
Department saysThursday.

BANK OF ENGLAND CUTS KEY INTEREST RATE TO ALL-TIME LOW

The Bank of England drops its benchmark interest rate to the lowest
level since the central bank's founding in 1694, as policy makers fire
yet another salvo in
the battle against a deep and potentially lengthy recession.

Obama takes campaign for massive economic rescue plan to the public amid 'crisis unlike any we have seen in our lifetime.'

Date: Thu, 8 Jan 2009 11:19:05 -0500

Obama takes campaign for massive economic rescue plan to the public
amid 'crisis unlike any we have seen in our lifetime.'

Breaking News

Date: Thu, 8 Jan 2009 11:04:13 -0500

Gazprom says it will resume pumping gas through Ukraine once EU
monitors are in place.

U.S. benchmark mortgage rate falls for 10th straight week

Date: Thu, 08 Jan 2009 10:23:12 -0500

U.S. benchmark mortgage rate falls for 10th straight week
1/8/2009 10:21:25 AM EDT

Energy: Petroleum shares gains despite red ink in broad market

Date: 8 JAN 2009 15:17:21 GMT

Shares of petroleum producers and refiners rose Thursday as the group
regained its footing after big losses in the previous session, despite
lower oil prices and plenty of red ink in the broad market.

Energy: Market down for 2nd day as rockets hit northern Israel

Date: 8 JAN 2009 14:45:11 GMT

Israeli stocks fall for a second day on Thursday, with sharp and broad
declines across a number of sectors and 24 of the 25 blue chips
falling, as Israel faces the prospect of a second front in its current
conflict.

Dow industrials down 100, pacing Thursday-morning stock-market retreat

Date: Thu, 08 Jan 2009 09:56:30 -0500

Dow industrials down 100, pacing Thursday-morning stock-market retreat
1/8/2009 9:54:25 AM EDT

Energy: Oil futures extend decline amid economic worries

Date: 8 JAN 2009 14:01:23 GMT

Oil futures extend their decline early Thursday, as the government
reports that continuing jobless claims hit their highest level since
1982, highlighting the dire state of the U.S. economy.

Number of people filing for first-time unemployment benefits fell last week by 24,000 to 467,000.

Date: Thu, 8 Jan 2009 08:33:03 -0500

Number of people filing for first-time unemployment benefits fell last
week by 24,000 to 467,000.

Wednesday, January 7, 2009

Energy: Stocks in focus for Thursday

Date: 8 JAN 2009 02:07:09 GMT

Among the companies whose shares are expected to see active trade in
Thursday's session are Lawson, Chevron, EMC, Crucell and Wyeth.

Tech: Intel leads broad tech losses after warning

Date: Wed, 07 Jan 2009 18:00:10 -0500

Tech Stocks: Intel leads broad tech losses after warning
1/7/2009 4:27 PM ET
Technology stocks close with broad losses as a revenue warning issued
by Intel Corp. and a fraud committed by one of India's largest
technology services companies highlight a dismal day in the sector.

-----------------------------------------------------------------
Microsoft wins vaunted Verizon mobile search deal
1/7/2009 5:43 PM ET
Microsoft Corp. has bested rivals Google Inc. and Yahoo Inc. by
securing an agreement to become the default provider of Internet
search service to mobile phone customers of Verizon Wireless.

-----------------------------------------------------------------
EMC reports preliminary results, plans to cut 2,400 jobs
1/7/2009 5:14 PM ET
EMC reports preliminary fourth-quarter results that are in line with
its earlier forecasts and says that it would cut 2,400 jobs along with
the salaries of Chief Executive Joe Tucci and other top executives as
it move to cut costs.

-----------------------------------------------------------------
As other Clearwire backers get stung, eyes turn to Google
1/7/2009 4:28 PM ET
Strategic investors in Clearwire Corp. post a flurry of bad news
related to their stakes in the wireless services company, drawing
attention to one of its other more prominent backers: Google Inc.

-----------------------------------------------------------------
Satyam shares crash in Mumbai after $1 billion overstatement
1/7/2009 4:14 PM ET
Shares of Satyam Computer Services crash 77% in Mumbai, after the
founder and chairman of India's fourth-largest software company
resigns, saying the company had inflated its cash and bank balances on
the balance sheet by more than $1 billion.

-----------------------------------------------------------------
Intel cuts fourth-quarter sales target again
1/7/2009 4:12 PM ET
Intel Corp. again cuts its fourth-quarter sales outlook, underscoring
the stunning drop in demand in the personal computer market amid a
weakening global economy.

-----------------------------------------------------------------
CES reporter's notebook: LG goes 007 with watch phone
1/7/2009 1:09 PM ET
Kicking off the first major press conference at the Consumer
Electronics Show, LG Electronics also debuted the first buzz-worthy
product of the event: a touch-screen cell phone built into a watch.

-----------------------------------------------------------------
Israel Stocks: Tel Aviv in broad retreat, snapping seven-session win streak
1/7/2009 10:52 AM ET
Israel stocks snap a seven-session winning streak, as investors sell
shares of Israel Chemicals, drug shares, Oil Refineries Ltd., and
Elbit Systems lower.
Investors discount conflict with Hamas in the Gaza Strip.

-----------------------------------------------------------------
China awards 3G licenses to domestic mobile operators
1/7/2009 9:41 AM ET

China issues the first of its long-awaited licenses for
third-generation mobile phones, with the licenses going to three
state-owned mobile phone operators, state-run Xinhua news agency said.

Markets Wednesday, 01/7/2009

Wednesday, 1/7/2009

| Dow : 8769.70 down 245.40 | S & P : 906.65 down 28.05 |
| NASDAQ: 1599.06 down 53.32 | Bond (10Y): 2.49%, 110.84
MARKETS:
Recession woes deck Wall Street
Stocks slump on jobs jitters, Alcoa job cuts and Intel profit warning.
Oil skids on bigger-than-expected crude inventories.

U.S. stocks end sharply lower; worst day for Dow since Dec. 1

Date: Wed, 07 Jan 2009 17:01:29 -0500

U.S. stocks end sharply lower; worst day for Dow since Dec. 1

Stocks thud lower, with the Dow dropping the most since Dec. 1, as
investors confront more evidence of a deteriorating labor market and
downbeat news from metals giant Alcoa Corp. and technology bellwether
Intel Corp.

BAILOUT FUND INSPECTOR GIVEN OVERSIGHT POWER

Citigroup Inc., General Motors and Chrysler have agreed to account for
how theyare using billions of dollars invested in their corporations
by the Treasury
Department as part of a $700 billion bank bailout fund, according to the
inspector general overseeing the program.

FUTURES MOVERS: OIL TUMBLES 12%, THE MOST IN SEVEN YEARS AS INVENTORIES JUMP

Crude-oil futures tumble 12%, marking their biggest one-day percentage
drop in more than seven years, after government reports show U.S.
crude inventories jumped last week and as data indicate deteriorating
troubles in the economy.

MILLIONAIRES JOIN THE REST OF US IN FEELING THE ECONOMIC HEAT

An overwhelming majority of Americans 45 years and older think the economy is
in dire straits. That's not limited to those who live paycheck to paycheck
either. A record 80% of millionaires polled in another survey said this is the
worst financial crisis they have ever experienced.

CES REPORTER'S NOTEBOOK: LG GOES 007 WITH WATCH PHONE

Kicking off the first major press conference at the Consumer Electronics Show,
LG Electronics also debuted the first buzz-worthy product of the event: a
touch-screen cell phone built into a watch.

Dow tumbles more than 240 points after dismal job numbers spark a fresh wave of pessimism.

Date: Wed, 7 Jan 2009 16:03:03 -0500

Dow tumbles more than 240 points after dismal
job numbers spark a fresh wave of pessimism.

Oil settles more than 12% lower to $42.63 a barrel - largest percentage decline since September 2001 - as demand worries flare.

Date: Wed, 7 Jan 2009 14:52:03 -0500

Oil settles more than 12% lower to $42.63 a barrel - largest
percentage decline since September 2001 - as demand worries flare.

Dow sinks more than 200 points after gloomy job figures spread fear ahead of Friday's unemployment report.

Date: Wed, 7 Jan 2009 13:50:03 -0500

Dow sinks more than 200 points after gloomy job figures spread fear
ahead of Friday's unemployment report.

U.S. expects $1.2 trillion budget deficit in fiscal 2009

Date: Wed, 07 Jan 2009 12:01:08 -0500

U.S. expects $1.2 trillion budget deficit in fiscal 2009

The U.S. government will run a $1.2 trillion budget deficit in fiscal
2009, the Congressional Budget Office says, offering a stark
assessment of the red ink facing the country and the incoming
administration of President-elect Barack Obama.

ECONOMIC REPORT: ADP DATA SHOW 693,000 PRIVATE-SECTOR JOBS LOST IN DECEMBER

U.S. private-sector firms shed 693,000 jobs in December, far worse
than expected, according to the ADP employment index.

MARKET SNAPSHOT: U.S. STOCKS PLUNGE AFTER GRIM JOBS DATA

Stocks decline sharply as another report points to a further
deterioration of the labor market, while metals giant Alcoa announces
job cuts and technology bellwether Intel warns about its outlook.

ALCOA SLASHES JOBS, OUTPUT TO COPE WITH TOUGH ECONOMY

Alcoa Inc. says it is cutting 13,500 jobs, closing plants and further
curbing aluminum output to conserve cash as it battens down for a
lengthy recession.

TIME WARNER SEES NET LOSS IN 2008

Time Warner Inc. on Tuesday said it will incur more
than $25 billion in onetime costs, resulting in a net loss for all of
2008. The company also trimmed its forecast for adjusted operating
income.

WorldNews

Date: Wed, 07 Jan 2009 00:13:44 -0800 (PST)

Woman dies of bird flu in China
01/07/09 12:29 AM, EST
A 19-year-old woman who handled ducks in northern China has died in
Beijing from bird flu, the World Health Organization said

Brain implant better than meds for Parkinson's disease
01/06/09 08:58 PM, EST
People with Parkinson's disease who have a pacemaker-like device
implanted in the brain spend an extra four-plus hours a day free of
tremors and involuntary movements than they do on medication,
according to the largest study of the treatment, which is known as
deep brain stimulation.

Blackwater defendants plead not guilty
01/06/09 08:47 PM, EST
Five former Blackwater Worldwide security guards pleaded not guilty
Tuesday to voluntary manslaughter charges and other crimes stemming
from a shooting incident in Baghdad that left 17 Iraqis dead.

NATO-led soldier killed in Afghanistan
01/06/09 08:41 PM, EST
A member of the NATO-led force in Afghanistan has been killed in the
country's volatile south, the International Security Assistance Force
said.

Al Qaeda message blames Obama, Egypt for Gaza violence
01/06/09 07:41 PM, EST
An audio message reportedly from al Qaeda's deputy chief vows revenge
for Israel's air and ground assault on Gaza and calls the Jewish
state's actions against Hamas militants "a gift" from U.S.
President-elect Barack Obama.

Israel to open 'humanitarian corridor' for Gaza aid
01/06/09 06:30 PM, EST
Israel has agreed to establish a "humanitarian corridor" to supply
residents of Gaza with aid as international concerns about conditions
among civilians mount, according to a government statement.

Obama will ban earmarks from stimulus bill
01/06/09 06:24 PM, EST
Members of Congress won't be allowed to slip earmarks into the
economic recovery package Congress will soon take up, President-elect
Barack Obama said Tuesday.

Venezuela expels Israeli ambassador
01/06/09 06:04 PM, EST
Venezuela expelled Israel's ambassador to the country Tuesday and
accused Israel of attempting to carry out "genocide" against the
Palestinian people.

Sources: CNN's Gupta approached for surgeon general
01/06/09 04:38 PM, EST
The Obama transition team approached Dr. Sanjay Gupta, CNN's chief
medical correspondent, about becoming U.S. surgeon general, according
to sources inside the transition and at CNN.

Panetta pick as CIA chief under fire
01/06/09 04:14 PM, EST
Could someone without intelligence experience effectively lead the
United States' top spy agency, particularly in a time of war?

Energy: Bearish oil, jobs data send energy stocks sharply lower

Date: 7 JAN 2009 16:01:36 GMT
Energy: Bearish oil, jobs data send energy stocks sharply

Energy stocks are clipped by a 175-point opening drop by the Dow Jones
Industrials Average and a steep $3 drop in oil prices following a
report of bearish supply data.

Energy: Tel Aviv in broad retreat, snapping seven-session win streak

Date: 7 JAN 2009 15:53:02 GMT

Israel stocks snap a seven-session winning streak, as investors sell
shares of Israel Chemicals, drug shares, Oil Refineries Ltd., and
Elbit Systems lower. Investors discount conflict with Hamas in the
Gaza Strip.

Oil prices tumble after government reports much bigger-than-expected surge in crude and gasoline inventories.

Date: Wed, 7 Jan 2009 10:32:18 -0500

Oil prices tumble after government reports much bigger-than-expected
surge in crude and gasoline inventories.

Energy: Oil falls on expectations U.S. inventories had risen

Date: 7 JAN 2009 14:24:46 GMT

Crude-oil futures come under pressure for a second session, on
expectations that data will show higher U.S. petroleum inventories
last week.

Stocks open sharply lower after worse-than-expected job reports; techs under pressure after Intel warns; Dow hurt by Alcoa job cuts.

Date: Wed, 7 Jan 2009 09:32:08 -0500

Stocks open sharply lower after worse-than-expected job reports; techs
under pressure after Intel warns; Dow hurt by Alcoa job cuts.

U.S. budget deficit in 2009 will rise to record $1.2 trillion, or 8.3% of GDP, not counting any Obama stimulus, government estimates.

Date: Wed, 7 Jan 2009 10:07:03 -0500

U.S. budget deficit in 2009 will rise to record $1.2 trillion, or 8.3%
of GDP, not counting any Obama stimulus, government estimates.

Private-sector jobs fell 693,000 in December - much worse than expected - says payroll-processing firm ADP.

Date: Wed, 7 Jan 2009 08:19:05 -0500

Private-sector jobs fell 693,000 in December - much worse than
expected - says payroll-processing firm ADP.

Tuesday, January 6, 2009

Markets Tuesday, 01/6/2009

Date: Tue, Jan 6, 2009 at 5:31 PM

U.S. Stock Markets:
DOW9,015.10
+62.21+0.69%
_________________
NASDAQ1,652.38
+24.35+1.50%
_________________
S&P934.70
+7.25+0.78%
_________________
10YR110 26/32
-6/32Yield: 2.5%
_________________
5:15 PM ET, 1/6/2009
Stocks recharge rally
Stocks rallied Tuesday as investors looked beyond the Federal
Reserve's dour outlook on the economy and instead scooped up shares
hit in last year's big selloff.

After the Bell: Alcoa slashes jobs, output to cope with tough economy

Date: Tue, Jan 6, 2009 at 5:01 PM
-----------------------------------------------------------------

Alcoa slashes jobs, output to cope with tough economy

Alcoa Inc. said Tuesday it is cutting 13% of its
workforce, closing plants, and further curbing aluminum output to
conserve cash as it battens down for a lengthy recession.

BANK OF AMERICA CEO SEES 2008 RESULTS BELOW EXPECTATIONS

Bank of America Chief Executive Kenneth Lewis warns that 2008 results
will fall short of expectations and says executives at the giant
lender, including himself, shouldn't get bonuses for last year,
according to a report.

THE FED: FOMC SAW SPECTER OF DEPRESSION, DEFLATION

Members of the Federal Open Market Committee at their mid-December
meeting saw increasing risks of depression and deflation as they
grappled with employing
new tools to stabilize an economy that was rapidly weakening,
according to truncated minutes of the meeting.

NEW CONGRESS ARRIVES WITH EYE ON OBAMA'S STIMULUS PACKAGE

A new, more Democrat-heavy Congress is sworn in to office with
economic stimulus as its top priority, as lawmakers and
President-elect Barack Obama aim for quick action to jolt the sagging
U.S. economy.

After the Bell: Alcoa slashes jobs, output to cope with tough economy

Date: Tue, Jan 6, 2009 at 5:01 PM
-----------------------------------------------------------------

Alcoa slashes jobs, output to cope with tough economy

Alcoa Inc. said Tuesday it is cutting 13% of its
workforce, closing plants, and further curbing aluminum output to
conserve cash as it battens down for a lengthy recession.

BANK OF AMERICA CEO SEES 2008 RESULTS BELOW EXPECTATIONS

THE FED: FOMC SAW SPECTER OF DEPRESSION, DEFLATION

NEW CONGRESS ARRIVES WITH EYE ON OBAMA'S STIMULUS PACKAGE

Alcoa announces 13,500 job cuts - 13% of worldwide workforce. Freezes salaries and cuts capital expenses by 50%.

Date: Tue, Jan 6, 2009 at 4:14 PM

Alcoa announces 13,500 job cuts - 13% of worldwide workforce. Freezes
salaries and cuts capital expenses by 50%.

Dow closes over 60 points higher as New Year optimism breathes life into battered tech and financial stocks.

Date: Tue, 6 Jan 2009 16:01:05 -0500

Dow closes over 60 points higher as New Year optimism breathes life
into battered tech and financial stocks.

Breaking News Tue., January 6, 2009

Date: Tue, 06 Jan 2009 12:41:51 -0800 (PST)

Barack Obama Taps CNN's Dr. Sanjay Gupta for Surgeon General [3:30 p.m. ET]

FOMC members discussed mounting risks of deflation, depression at mid-December meeting

Date: Tue, 06 Jan 2009 14:10:05 -0500

FOMC members discussed mounting risks of deflation, depression at
mid-December meeting
1/6/2009 2:07:52 PM EDT

Federal Reserve forecasted continued economic decline in 2009, steep unemployment rise into 2010.

Date: Tue, 6 Jan 2009 14:08:03 -0500

Federal Reserve forecasted continued economic decline in 2009, steep
unemployment rise into 2010.

Oil settles 23 cents lower at $48.58 a barrel as dismal economic news offsets supply fears.

Date: Tue, 6 Jan 2009 15:05:05 -0500

Oil settles 23 cents lower at $48.58 a barrel as dismal economic news
offsets supply fears.

Fwd: Energy: Market higher for 7th day; supermarkets in focus

Date: 6 JAN 2009 16:00:20 GMT

Israeli stocks close with a seventh day of gains, as most major
sectors and blue chips advance and shares in the real-estate group
show particular strength.

Energy: Canadian stocks gain, led by metals and mining

Date: 6 JAN 2009 16:27:52 GMT

Canadian stocks gain, as crude prices surpass $50 a barrel for the
first time in five weeks, aiding shares of energy-related companies.

U.S. stocks lose steam as rally in crude-oil futures fades

Date: Tue, 06 Jan 2009 12:01:16 -0500
U.S. stocks lose steam as rally in crude-oil futures fades

U.S. stocks pare an early rise as a rally in energy shares loses steam
as crude-oil futures dip to under $49 a barrel and as investors digest
new data that largely confirm a bleak view of the nation's economy.
TALKS TO RESUME BETWEEN RUSSIA, UKRAINE, REPORTS SAY

Ukraine and Russia will reportedly resume talks later this week to
resolve their energy dispute, which has resulted in sharp decreases in
natural-gas imports in several countries in Eastern and Central
Europe.

FUTURES MOVERS: OIL DROPS AS DEMAND CONCERNS OUTWEIGH PRODUCTION CUTS

Crude-oil futures fall after earlier topping $50 a barrel for the
first time infive weeks, as demand concerns outweigh signs that OPEC
will move forward with production cuts.

SOUTH KOREA TO SPEND 37 BILLION ON 'GREEN' PROJECTS

South Korea said on Tuesday said it would spend 50 trillion won ($38
billion) during the next four years on environmentally-friendly
projects in an effort to bolster employment as the nation undergoes
its sharpest slowdown since the 1998 Asian financial upheaval.

TOYOTA ANNOUNCES MORE TEMPORARY JAPAN PLANT SHUTDOWNS

Toyota Motor Corp. will shutter factories in Japan
for a combined 11 days during February and March to in an effort to
reduce capacity amid the global slowdown, according to reports
Tuesday.

Energy: Broad gains for energy sector; Chevron outpaces blue chips

Date: 6 JAN 2009 15:30:11 GMT

Energy stocks get carried higher as crude-oil futures breach the
$50-a-barrel level.

U.S. factory shipments plunge a record 5.3%

Date: Tue, 06 Jan 2009 10:02:57 -0500

U.S. factory shipments plunge a record 5.3%
1/6/2009 10:01:05 AM EDT

Energy: European gas supplies hit as Russia-Ukraine dispute escalates

Date: 6 JAN 2009 13:17:47 GMT

Countries in Eastern and Central Europe report sharp decreases in
natural-gas imports, an offshoot of Russian energy giant OAO Gazprom's
move to cut supplies to Ukraine in a price dispute.

Energy: Crude reclaims $50 amid OPEC output cuts, Gaza fighting

Date: 6 JAN 2009 14:14:39 GMT

Crude-oil futures extend Monday's rally, reclaiming the $50-a-barrel
mark for the first time since the end of November. Serving as
catalysts are evidence that OPEC's putting into effect announced
production cuts as well as heightened tensions in the Middle East
tied to Israel's ground offensive against Hamas in the Gaza Strip.

Stocks open higher as investors await latest readings on factory orders, services sector and pending home sales.

Date: Tue, 6 Jan 2009 09:33:03 -0500

Stocks open higher as investors await latest readings on factory
orders, services sector and pending home sales.

Monday, January 5, 2009

Tech: Apple stock a lone winner as tech sector slumps

Date: Mon, 05 Jan 2009 18:00:09 -0500

Tech Stocks: Apple stock a lone winner as tech sector slumps
1/5/2009 4:33 PM ET
Most technology stocks slide, but Apple shares rally after Steve Jobs
declares. he's healthy enough to stay on as CEO.

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Therese Poletti's Tech Tales: Macworld won't be the same without Apple
or Steve Jobs
1/5/2009 5:59 PM ET
Shareholders deserve more information than what
Apple Inc. chief executive Steve Jobs was willing to disclose about
his health Monday.

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Analyst sees chips rebound 'a few months away'
1/5/2009 4:15 PM ET
Semiconductor stocks rise after a Wachovia analyst says that an
industry rebound is "a few months away."

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Apple's Jobs addresses health concerns on eve of Macworld
1/5/2009 4:14 PM ET
Apple Inc. founder Steve Jobs is suffering from a "hormone imbalance"
that's caused him to steadily lose weight, but he says he's healthy
enough to continue
as the company's chief executive -- for now.

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AT&T, Verizon tumble on dour forecast
1/5/2009 2:15 PM ET
Giant U.S. phone companies AT&T Inc. and Verizon Communications Inc.
have been seen by anxious investors as a near-term oasis for their
money, but an influential analyst says such a view might be a mirage.

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Telecom Stocks: AT&T, Verizon decline; vendors higher
1/5/2009 12:34 PM ET
Shares of AT&T Inc. and Verizon Communications Inc.
fell sharply Monday after a brokerage cut its rating on both phone
companies, saying the recession and a saturated U.S. wireless market
are likely to retard growth in 2009.

Markets Monday, 01/5/2009

Date: Mon, 5 Jan 2009 17:31:03 -0500

| Dow : 8952.89 down 81.80 | S & P : 927.45 down 4.35 |
| NASDAQ: 1628.03 down 4.18 | Bond (10Y): 2.48%, 111.00
MARKETS:
Stocks finish lower
Markets churn on auto sales, surging oil and Obama stimulus. Dow ends
below 9,000.

After the Bell: U.S. stocks finish down for first session in four

Date: Mon, Jan 5, 2009 at 5:01 PM
U.S. stocks finish down for first session in four

U.S. stocks fall as automakers report declining car sales and as
investors contend with underlying anxiety before Friday's jobs report.

AUTOMAKERS END YEAR WITH BIG SALES DROPS IN DECEMBER

Ford and General Motors report that December U.S. vehicle sales are
off more than 30% each, closing the books on one of the toughest years
the domestic auto industry has ever seen.

APPLE'S JOBS ADDRESSES HEALTH CONCERNS ON EVE OF MACWORLD

Apple Inc. founder Steve Jobs is suffering from a "hormone imbalance"
that's caused him to steadily lose weight, but he says he's healthy
enough to continue as the company's chief executive -- for now.

MARKETWATCH PERSONAL FINANCE
http://www.marketwatch.com/pf/?siteid=nwtpm

AUTO REVIEW: THE BEST CARS OF 2008, INCLUDING THE CAR OF THE YEAR

MarketWatch auto reviewer Ron Amadon selects the top cars from among those he
test drove this year. See full story.
http://www.marketwatch.com/News/Story/Story.aspx?guid=93a891fbbe9d44a2b1d2a4b66e1f457b&siteid=nwtpm&sguid=En4PdJsrg0Wxj6iEMEUscg

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News Alert!

Date: Mon, Jan 5, 2009 at 5:09 PM

Officials: Panetta to be tapped for CIA director
01/05/09 03:11 PM, EST
Leon Panetta, chief of staff in President Clinton's White House, will
be President-elect Barack Obama's choice to be director of the CIA.

Stocks fall as investors mull dismal auto sales numbers, Obama's stimulus plans and rising oil prices.

Date: Mon, 5 Jan 2009 16:02:06 -0500

Stocks fall as investors mull dismal auto sales numbers, Obama's
stimulus plans and rising oil prices.

Oil rises $2.47 to settle at $48.81 a barrel as Middle East tensions flare.

Date: Mon, 5 Jan 2009 14:51:04 -0500

Oil rises $2.47 to settle at $48.81 a barrel as Middle East tensions flare.

Chrysler reports sales plummeted 53% in December.

Date: Mon, 5 Jan 2009 15:08:04 -0500

Chrysler reports sales plummeted 53% in December.

Breaking News Mon., January 5, 2009

Date: Mon, 05 Jan 2009 11:54:57 -0800 (PST)

Former Congressman, Leon Panetta, Tapped by Obama to Head CIA. [2:47 p.m. ET]

Ford U.S. December sales down 32.4%

Date: Mon, 05 Jan 2009 12:51:04 -0500

Ford U.S. December sales down 32.4%
1/5/2009 12:49:11 PM EDT

Ford Motor reports a 32% drop in December auto sales - slightly better than expected.

Date: Mon, 5 Jan 2009 12:48:04 -0500

Ford Motor reports a 32% drop in December auto sales - slightly better
than expected.

Apple's Jobs addresses health concerns on eve of Macworld

Date: Mon, 05 Jan 2009 12:01:11 -0500

Apple's Jobs addresses health concerns on eve of Macworld

ECONOMIC REPORT: U.S. CONSTRUCTION SPENDING FALLS 0.6% IN NOVEMBER

Outlays for construction projects in the United States fall a
seasonally adjusted annual rate of 0.6% in November, undermined by a
drop in outlays on home construction, government data show.

Energy: Oil futures fall, as U.S. dollar rises vs. rivals

Date: 5 JAN 2009 13:59:02 GMT

Oil futures fell more than 1% early Monday, coming under pressure as
the U.S. dollar rallied against other major currencies.

Stocks open lower as investors digest Obama's stimulus plan and await the latest reading on December auto sales.

Date: Mon, 5 Jan 2009 09:32:05 -0500

Stocks open lower as investors digest Obama's stimulus plan and await
the latest reading on December auto sales.

Energy: Natural gas stocks lead gains as hot streak continues

Date: 5 JAN 2009 15:16:06 GMT

Shares of natural gas and petroleum producers extended their hot
streak on Monday as the sector tapped into a rise in oil prices in
recent weeks.

Saturday, January 3, 2009

Breaking News Sat., January 3, 2009

Date: Sat, 03 Jan 2009 11:01:06 -0800 (PST)

Israeli ground forces cross into Gaza, Israeli defense officials say

Friday, January 2, 2009

U.S. stocks tally solid weekly gains; Dow ends above 9,000

Date: Fri, 02 Jan 2009 17:01:29 -0500

U.S. stocks tally solid weekly gains; Dow ends above 9,000

U.S. stocks surge -- with the Dow colsing atop 9,000 for the first
time in two months -- as investors begin 2009 by shaking off one of
the most bruising years on record.

ECONOMIC REPORT: U.S. MANUFACTURING DROPS TO 28-YEAR LOW IN DECEMBER

U.S. manufacturing contracts for a fifth straight month in December,
according to the Institute for Supply Management, as no manufacturing
category reports growth in the month.

WORLDWIDE SEMICONDUCTOR SALES FALL 9.8% IN NOVEMBER

Worldwide sales of semiconductors fall 9.8% to $20.8 billion, the
Semiconductor Industry Association.

RUSSIA'S GAZPROM ACCUSES UKRAINE OF 'STEALING' GAS: REPORTS

Russian state-controlled gas giant Gazprom accuses Ukraine of
"stealing" gas meant for other European customers, a day after Russia
cut off natural-gas supplies to its neighbor because of a dispute over
bills.

CURRENCIES: DOLLAR RISES AS POOR EUROPEAN DATA OFFSET WEAK ISM READING

The U.S. dollar gains Friday as traders return to their desks after
the New Year's holiday, but the greenback gives back some of those
gains after a surprise drop in a U.S. manufacturing survey.

Stocks start 2009 with a bang, as Dow rises about 250 points to top 9,000.

Date: Fri, 2 Jan 2009 16:01:04 -0500

Stocks start 2009 with a bang, as Dow rises about 250 points to top 9,000.

Oil settles up $1.74 at $46.34 a barrel amid renewed global concerns about supply.

Date: Fri, 2 Jan 2009 14:56:04 -0500

Oil settles up $1.74 at $46.34 a barrel amid renewed global concerns
about supply.

Energy: U.S. to resume filling Strategic Petroleum Reserve

Date: 2 JAN 2009 20:12:57 GMT

Taking advantage of low oil prices, the U.S. Energy Department says it
will buy oil for the 727 million-barrel Strategic Petroleum Reserve
and fill it in 2009.

Private equity group, including computer magnate Michael Dell, to pay $13.9 billion for failed IndyMac Bank.

Date: Fri, 2 Jan 2009 15:20:06 -0500

Private equity group, including computer magnate Michael Dell, to pay
$13.9 billion for failed IndyMac Bank.

Dow industrials up 200 points

Date: Fri, 02 Jan 2009 13:44:28 -0500

Dow industrials up 200 points
1:42:25 PM EDT

U.S. stocks climb in first 2009 session; GM leads Dow

Date: Fri, 02 Jan 2009 12:01:02 -0500

U.S. stocks climb in first 2009 session; GM leads Dow

U.S. stocks pulled higher Friday as investors looked to begin 2009 by
shaking off one of the most bruising years on record.

WORLDWIDE SEMICONDUCTOR SALES FALL 9.8% IN NOVEMBER

Worldwide sales of semiconductors fell 9.8% to $20.8 billion in
November, compared to $23.1 billion in the year-earlier period, the
Semiconductor
Industry Association said

RUSSIA REASSURES EUROPE OVER GAS AMID UKRAINE DISPUTE: REPORT

Russia has sent its assurances to several European Union countries
that they won't face any disruption in natural-gas supplies amid a
dispute over unpaid
bills and pricing to the Ukraine.

EUROPE MARKETS: EUROPEAN SHARES MOVE HIGHER TO START 2009

European shares move higher Friday in the first trading session of
2009, helped by gains for the mining sector and a solid start to the
year from most banking stocks.

U.S. stocks at morning's highs after slow start; Dow industrials up 110 points

Date: Fri, 02 Jan 2009 10:46:46 -0500

U.S. stocks at morning's highs after slow start; Dow industrials up 110 points
10:44:42 AM EDT

Energy: Petroleum shares add to recent gains

Date: 2 JAN 2009 15:15:52 GMT

Energy stocks continued their upward momentum on Friday, rising with
the broad market to kick off 2009 trading in the green column.

Manufacturing activity in December contracted to its lowest level in over 28 years, according purchasing managers group ISM.

Date: Fri, 2 Jan 2009 10:04:03 -0500

Manufacturing activity in December contracted to its lowest level in
over 28 years, according purchasing managers group ISM.

Stocks open higher on first trading day of '09 as investors await a key manufacturing report. Dow starts the year above 8800.

Date: Fri, 2 Jan 2009 09:33:03 -0500

Stocks open higher on first trading day of '09 as investors await a
key manufacturing report. Dow starts the year above 8800.

International

Date: Fri, 2 Jan 2009 05:02:08 -0500
TOP STORIES as of 1000 GMT -- 02 January, 2009

HAMAS: 'AVENGE BLOOD OF OUR PEOPLE'S MARTYRS'
A Hamas spokesman calls on Palestinian militants to avenge the
death of slain military commander Nizar Rayan, as well as "the
blood of our people's martyrs," following his death in an
Israeli airstrike. Rayan was killed on a sixth day of bombings
in Gaza -- but rockets continue to land in the Jewish state's
territory.

SRI LANKAN ARMY RETAKES FORMER REBEL CAPITAL
Sri Lankan troops recaptured the former seat of the Tamil Tiger
rebel movement after days of heavy fighting, military officials
said Friday.

19 DEAD UNIDENTIFIED AFTER BANGKOK BLAZE
Investigators posted photos of the unidentified victims of a
catastrophic nightclub fire outside a Bangkok police station
Friday in hopes that relatives would be able to identify them.

SUSPECTED U.S. STRIKE KILLS 4 IN PAKISTAN
The second suspected U.S. missile strike in two days killed four
suspected Islamic militants in northwest Pakistan, intelligence
officials said Friday.

SINGAPORE'S GDP SLUMPS 12.5 PERCENT
In a further indication of the weakening Asian economy,
Singapore on Friday said GDP had declined by 12.5 percent in
real terms in the fourth quarter of 2008 and revised downwards
its growth estimates for 2009.

MUSLIM FAMILY SENT OFF PLANE FOR ALARMING TALK
A Muslim family removed from an airliner Thursday after
passengers became concerned about their conversation say AirTran
officials refused to rebook them, even after FBI investigators
cleared them of wrongdoing.

REPORT: CHINA, VIETNAM AGREE ON LAND BORDER
China and Vietnam have settled a lengthy border dispute nearly
30 years after a month-long war that left tens of thousands of
people dead, state-run media reported.

MYANMAR RELEASES NORTH KOREAN DEFECTORS
Nineteen North Korean defectors have been released from
detention in Myanmar and sent to Thailand, Burmese officials
told the U.S.-funded Voice of America news service Thursday.

-------------------------------------------------
BUSINESS

FORMER SANLU CHIEF FAULTS POOR REGULATION
The head of major Chinese dairy firm Sanlu Group argues that
the country's lack of regulations regarding a toxic chemical
contributed to a tainted milk scandal that sickened nearly
300,000 infants, state-run media reports.

ASIAN, PACIFIC MARKETS OPEN 2009 MOSTLY HIGHER
Asian stock exchanges were mixed on the first trading day of the
new year, with Hong Kong and South Korean markets showing gains
Friday and Australia slumping.

GAZPROM CUTS OFF GAS SUPPLIES TO UKRAINE
Russian energy monopoly Gazprom said Thursday it had cut off
supplies of natural gas to Ukraine after a payment deadline
expired. Ukraine owes the energy giant about $2 billion for past
natural gas deliveries.

Energy: Stock futures mixed ahead of first trading session of 2009

Date: 2 JAN 2009 11:22:46 GMT

U.S. stock market futures are mixed ahead of the first trading session
of 2009 as investors eye a sharp drop in crude-oil prices and look
ahead to a reading on manufacturing activity.

Thursday, January 1, 2009

Happy 2009! Transition to green!

WORLD NEWS

Date: Thu, 1 Jan 2009 05:02:05 -0500
TOP STORIES as of 1000 GMT -- 01 January, 2009

2008 CAPTURED IN PICTURES
A boy confronted by a baton-wielding police officer during
election protests in Kenya, Nairobi; a baby thrown to safety
from an apartment fire in Germany; Michael Phelps' historic
success at the Olympic Games; and one house standing alone after
Hurricane Ike -- from triumph to tragedy, 2008's best
photographs tell the story of a memorable year.

BANGKOK NIGHTCLUB FIRE KILLS 58
A fire and resulting stampede left nearly 60 dead early Thursday
at one of Bangkok's most upscale nightclubs, where about 1,000
revelers were ringing in the new year, Thai police said.

OLMERT: NO PEACE IN GAZA UNTIL ROCKETS STOP
The first day of 2009 dawned in Gaza with a sixth day of Israeli
airstrikes, a bombardment Israel's prime minister vowed would
not end until Hamas militants quit firing rockets into the
Jewish state.

U.N. MULLS CEASE-FIRE RESOLUTION ON GAZA
U.N. Secretary-General Ban Ki-moon on Wednesday called for an
immediate cease-fire in Gaza, condemning the recent actions of
both Hamas and Israel. He appealed to the international
community to do more to end the violence.

ISRAEL USES YOUTUBE, TWITTER TO SHARE VIEWS
Israel has taken its barrage of airstrikes in Gaza to the Web,
creating a YouTube channel this week to post footage of its air
force dropping bombs on Hamas targets.

REPORT: GAZPROM CUTS OFF UKRAINE'S GAS
Russian energy monopoly Gazprom cut off supplies of natural gas
to Ukraine after a payment deadline expired Thursday, Russian
state television reported.

1 MILLION CELEBRATE NEW YEAR IN NEW YORK
Strong winds, frigid weather and blowing snow will help
celebrators from around the world usher in 2009 Wednesday night
in New York's Times Square.

MISSILE ATTACK IN PAKISTAN KILLS 3
A suspected U.S. missile strike killed three people and wounded
two others in one of Pakistan's northwestern tribal districts,
Pakistani intelligence officials said Thursday.

-----------------------------------------------------------------
BUSINESS

SLOVAKIA READY FOR EURO SWITCH
Slovakia becomes the first of the larger ex-communist EU members
to join the European single currency on Thursday, hoping that
the move will provide stability amid the global economic storm.

CONSUMER CONFIDENCE IN U.S. SLUMPS
A key measure of U.S. consumer confidence fell to an all-time
low in December amid a dismal job market and uncertain outlook
for the new year.