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US: Business news headlines around the clock. View category archive -->
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bizjournals: Paul Newman, Sandra Kennedy, Bob Stump join Arizona Corporation Commission
The Arizona Corporation Commission seated three new regulators Monday calling for cooperation to help businesses and ratepayers.
bizjournals: Dow backs off gain, Arizona stocks mixed
Stocks couldn’t hold onto the gains made last week with the Dow Jones Industrial Average falling 81 points Monday to close at 8953 and Arizona stocks reporting mixed results. (RSG)
bizjournals: Harry Mitchell, Ron Paul seek to block pay raise for Congress
U.S. Rep. Harry Mitchell is a lead sponsor of federal legislation to block congressional pay raises in 2010. Mitchell and U.S. Rep. Ron Paul argue that Congress should not be getting automatic $4,700 pay raises while the U.S. economy is in recession and consumers and various industries are hurting.
bizjournals: Crude prices edge up, Phoenix gas at $1.51
Crude oil prices are up Monday closing in on $50 per barrel propelled by Israeli’s ground invasion into the Gaza Strip, but Phoenix-area gas remain at $1.51 per gallon.
Financial Times: Judge urged to put Madoff in jail
US prosecutors asked a federal judge to jail Bernard Madoff pending his trial, saying he violated a court order by transferring morethan $1m of valuables from his Manhattan apartment
Financial Times: Obama choice for CIA to mend ties with Congress
Barack Obama appointed Leon Panetta, the former congressman and chief of staff to Bill Clinton, as the next director of the Central Intelligence Agency in a move that caught many in the intelligence community by surprise
Financial Times: Whitman starts race for California governor
Meg Whitman fired the starting gun on the race to succeed Arnold Schwarzenegger as California governor when the former chief executive of eBay abruptly resigned from the boards of three companies
Financial Times: Veteran McCann quits Merrill Lynch
The head of the Merrill Lynch's 'thundering herd' of 16,000 financial advisers has worked at the group since 1982
Financial Times: New York Fed starts $500bn home loans aid
The Federal Reserve Bank of New York said it had started its $500bn plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run mortgage financiers
bizjournals: UH business school will go solar
The Shidler College of Business will be the first school on the University of Hawaii at Manoa campus to install solar panels.
Mohr, Hackett, Pederson, Blakley & Randolph merges with Sherman & Howard
Renegy gets $12.3M infusion as it restructures
WestGroup Research: Arizonans to spend less in 2009
Treasury announces $15 billion more released from rescue fund to 7 banks (AP)
Publix opens Tuscaloosa store
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Workplace Coach: The lessons learned from 2008
What to Watch
Business Calendar
People on the Move

Yahoo! News: US Economy News

Yahoo! News: US Economy News
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·US auto sales plunge whopping 36 percent in Dec. (AP)
AP - Huge rebates and zero-percent loans couldnt overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.
·US suggests conditions of a Gaza cease-fire (AP)
AP - The Bush administration stuck to its defense of Israels expanding offensive in the Gaza Strip on Monday and pushed for a cease-fire including a lasting halt to Hamas rocket attacks on Israel and a reopening of border crossings thatare Gazas economic lifeline.
·Economists seek solutions, signs of life in housing (Reuters)
Reuters - Top economists at the Allied Social Sciences Association's annual meeting havebeen searching -- in some cases, in vain -- for signs of life in the U.S. housing market, a key element for busting the country out of a deep economic downturn.
·Obama demands 'bold' action on stimulus plan (AFP)
AFP - President-elect Barack Obama Monday demanded bold action on his near 800 billion dollar stimulus plan, warning Congress would wreak more dramatic damage on the US economy if it fails to act swiftly.
·Cigna to cut 1,100 jobs, citing weak economy (Reuters)
Reuters - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.
·LDK shares slide after issues revenue warning (Reuters)
Reuters - Solar wafer maker LDK Solar Co Ltd warned on Monday of lower-than-expected fourth quarter and 2009 revenue, saying the global economic crisis and tight credit markets have weakened demand for solar power, sending its shares down nearly 14 percent.
·Treasury provides $15B from bailout pot to 7 banks (AP)
AP - The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.
·Fed buys MBS in latest unconventional move (Reuters)
Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.
·Treasury announces $15 billion more released from rescue fund to 7 banks (AP)
AP - Treasury announces $15 billion more released from rescue fund to seven banks.
·Construction spending shows gains but outlook grim (AP)
AP - Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. But the outlook remains bleak as credit is tight for builders trying to stay afloat amid a recession entering its second year.

Financial Times - US

World business, finance and political news from the Financial Times – FT.com US.
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·Israel rejects EU calls for ceasefire
Israel rebuffed a call from visiting European foreign ministers for an immediate ceasefire, vowing to continue its ground assault on the Gaza Strip even amid reports of mounting civilian casualties
·Apple chief reveals hormone imbalance
Steve Jobs has revealed that his recent weight loss was due to a hormone imbalance and that he was currently undergoing treatment to correct the condition, but would remain Apple chief executive
·Judge urged to put Madoff in jail
US prosecutors asked a federal judge to jail Bernard Madoff pending his trial, saying he violated a court order by transferring morethan $1m of valuables from his Manhattan apartment
·Obama seeks Congress backing for plan
Barack Obama started pushing his economic stimulus plan on Capitol Hill, including about $300bn of tax cuts that could soften Republican resistance
·Auto sales hit fresh lows in December
General Motors, Toyota, Ford and Honda all reported declines of more than 30 per cent in the US while car sales in Japan dropped 22 per cent to the lowest December level on record
·Obama choice for CIA to mend ties with Congress
Barack Obama appointed Leon Panetta, the former congressman and chief of staff to Bill Clinton, as the next director of the Central Intelligence Agency in a move that caught many in the intelligence community by surprise
·Germany prepares new stimulus boost
The German government's second fiscal stimulus could total €50bn, making it far more ambitious than expected just a week ago, senior officials suggested if leaders of chancellor Angela Merkel's coalition can hammer out agreement on the package
·Whitman starts race for California governor
Meg Whitman fired the starting gun on the race to succeed Arnold Schwarzenegger as California governor when the former chief executive of eBay abruptly resigned from the boards of three companies
·Veteran McCann quits Merrill Lynch
The head of the Merrill Lynch's 'thundering herd' of 16,000 financial advisers has worked at the group since 1982
·New York Fed starts $500bn home loans aid
The Federal Reserve Bank of New York said it had started its $500bn plan to drive down US mortgage rates by buying securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the government-run mortgage financiers

SmartMoney.com

Investing, Saving and Personal Finance.
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courant.com National Business headlines

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Bankrate.com: Today's new stories

All the new personal finance stories of the day.
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·Tips to cope with the economy in 2009
Bankrate's senior financial analyst explains the best way to approach your finances in the coming year.
·Advantages of a buyer's agent
An exclusive buyer's agent will keep your best interests in mind, says the Real Estate Adviser.

EIROnline | USA

The European Industrial Relations Observatory (EIRO) is a monitoring instrument offering news and analysis on European industrial relations.
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