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Stocks end up slightly after Fed notes’ release
Wall Street brushed off more bad economic news Tuesday to finish with a moderate advance that left broad stock indexes at their highest levels in two months.
That cheap gasoline? Don’t get used to it
All that money youre saving these days at the gas pump? You might want to put it in the bank.
Charities hurt in Madoff case get charity
Nonprofits that are struggling because their donors lost money with Bernard Madoff are getting a bailout — but not from the government. Richer foundations are stepping in to help.
Alcoa to slash 13,500 jobs to save money
Alcoa Inc. said on Tuesday it will curtail production and cut some 13,500 jobs, or 13 percent of its global work force, to save cash and reduce costs in the current economic downturn.
How bad is economy? IRS feels sorry for you
As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle their tax debts.
Despite actions, Fed sees downturn lasting
Federal Reserve officials feared the economy would be stuck in a painful rut for some time despite their decision to slash interest rates to a record low.
Bank of America CEO to skip 08 bonus
Bank of America Corp. Chief Executive and Chairman Kenneth Lewis is recommending that he and his top executives receive no bonuses for 2008.
Season of savings brings rewards
When it comes to holiday shopping, Americans have been great at saying they were going to cut back — but not so good at actually doing it. This year appears to be an exception.
Social Security unveils new online application
The Social Security Administration, envisaging the near-future prospect of 10,000 baby boomers applying for benefits every day, has put together a new online service.
Services sector contraction slows in Dec.
An index of activity in the U.S. services sector contracted at a slower pace in December as new orders and employment improved.
Enron’s Skilling loses appeal of conviction
An appeals court has upheld former Enron Corp. CEO Jeff Skilling’s convictions for his role in the energy giant’s collapse but orders that he be resentenced.
Prosecutor wants Madoff jailed immediately
A prosecutor says disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives, and wants him jailed.
Newsweek: No economic panacea
Commentary: We should resist the temptation to see Obama’s forthcoming ‘economic stimulus’ package as a panacea.
Mortgages: What you need to know in 2009
Mortgage rates are at historic lows and may be poised to go even lower next year. Its a great time to buy a home — if you can.
AdBlog: Wake us when it’s over
Ads of the Weird: Sprint tries to bore you into buying their service.
Toyota to suspend car production in Japan
Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March as it grapples with shrinking global demand.
Turn to generics slows ‘07 health care spending
Spending on health care slowed slightly in 2007 as consumers turned more to generic drugs instead of brand-names to fill their medicine cabinets, the government reported.
Oil falls on worries of deepening recession
Oil prices fell Tuesday as fresh signs of a deepening U.S. recession trumped tensions in the Middle East and worries over natural gas shortages in Europe.
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