Reuters – The U.S. trade deficit shrank 4 percent in December, as the global financial crisis cut U.S. imports and exports for the fifth straight month, while U.S. demand for mortgages tumbled nearly 25 percent last week as potential buyers held out for better terms.
Read More… [Source: Yahoo! News: Business]
Mortgage applications tumble, U.S. trade gap shrinks
(Reuters)
February 12th, 2009 · No Comments
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Beyond the $35 cheeseburger
February 12th, 2009 · No Comments
I was fascinated by how many of you defended the $35 cheeseburger yesterday. Supporters seemed to break up into two camps.
The first were people who simply said, hey, that’s what the market will bear and more power to the burgermeisters. That argument is fine as far as it goes, but actually proves my point. The [...]
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Are These Businesses Still a Good Idea?
February 12th, 2009 · No Comments
These 5 businesses were hot in 2006 and ‘07. Now? Find out.Read More… [Source: Entrepreneur.com: Starting a Business]
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FBI may shift counterterror agents to anti-fraud
(AP)
February 12th, 2009 · No Comments
AP – With thousands of fraud investigations under way, the FBI is considering shifting agents away from counterterrorism work to help sort through the wreckage of the financial meltdown.Read More… [Source: Yahoo! News: Business]
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GM in talks with China’s SAIC to raise cash-sources
(Reuters)
February 12th, 2009 · No Comments
Reuters – General Motors Corp has been in talks with China’s SAIC Motor Corp (600104.SS) about the possible sale of a share of GM’s stake in their joint venture or other assets as the U.S. automaker races to raise cash, two sources familiar with the discussions said.Read More… [Source: Yahoo! News: Business]
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FTSE 100 climbs 0.5%
(AFP)
February 12th, 2009 · No Comments
AFP – London stocks finished slightly higher on Wednesday despite details about a plan to shore up the US banking system remaining scarce.
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Obama nears win on stimulus plan to boost economy
(Reuters)
February 12th, 2009 · No Comments
Reuters – The U.S. Congress is poised to pass as early as Thursday a $789 billion package of tax cuts and spending programs aimed at reviving the staggering economy, a big, yet bittersweet victory for President Barack Obama.
Read More… [Source: Yahoo! News: Business]
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Chinalco to invest $19.5 billion in Rio Tinto
(Reuters)
February 12th, 2009 · No Comments
Reuters – Chinese state-owned aluminum group Chinalco will invest $19.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio’s debts.
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Build your own igloo
February 12th, 2009 · No Comments
I’m lying in a hole in the darkness, ice-cold and soaking wet. There’s barely room for me to turn from my right side to my left, but with a grunt I manage to twist onto one shoulder and angle the blade of a small metal shovel against the wall of snow a few inches from [...]
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Wal-Mart cutting 700-800 jobs at headquarters
(AP)
February 12th, 2009 · No Comments
AP – Wal-Mart Stores Inc. will cut 700 to 800 jobs at its northwestern Arkansas headquarters as it builds fewer new stores this year and makes other operational changes, the world’s largest retailer announced Tuesday.
Read More… [Source: Yahoo! News: Business]
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