Daily News Alert | Saturday, January 31, 2009 12:01 AM PST |
Geithner, Bernanke work on $700B bailout overhaul
Fri, 30 Jan 2009 09:17 pm PST
 AP - Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and other top banking officials met Friday to hammer out details of a major overhaul of the government's financial rescue program. One official said the Obama administration was close to unveiling the new plan. Full Story | Top |
Economy's new plunge is worst in quarter-century
Fri, 30 Jan 2009 01:56 pm PST
 AP - Battered by layoffs, debts and dread of worse to come, shoppers clutched ever tighter to their wallets in the final three months of 2008 and thrust the economy into its worst downhill slide in a quarter-century. Americans cut spending on everything from cars to computers, and it's only getting worse so far in the new year. Full Story | Top |
How the major market indexes fared
Fri, 30 Jan 2009 02:58 pm PST
AP - Stocks slumped for a second straight day Friday as investors, already on edge about the worsening economy, were further rattled by a report that Washington's plans to help banks may have hit a snag. Full Story | Top |
Gannett 4Q earnings fall on weak ad revenue
Fri, 30 Jan 2009 02:51 pm PST
 AP - USA Today publisher Gannett Co. reported lower preliminary fourth-quarter earnings Friday, but even those profits will be wiped out once the company takes pretax write-downs of as much as $5.9 billion to reflect the declining value of its newspapers. Full Story | Top |
Ex-Fannie Mae programmer says not guilty of virus
Fri, 30 Jan 2009 04:54 pm PST
Reuters - A 35-year-old computer programer pleaded not guilty on Friday to charges that he planted a computer virus designed to destroy all the data on 4,000 Fannie Mae computer servers the day he was fired from the company. Full Story | Top |
Amazon Sales Jump 18 Percent Despite a Retail Slump
Fri, 30 Jan 2009 10:34 am PST
NewsFactor - Brick-and-mortar stores may have had a terrible 2008, but Amazon thrived. The giant online retailer said its sales in the fourth quarter were up 18 percent to $6.7 billion, compared to $5.67 billion in the same quarter a year ago. Full Story | Top |
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