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Business and financial news - CNNMoney.com
Jan 07, 2009 04:24AM
Jan 07, 2009 04:22AM
Obama: $1 trillion deficits 'for years'
President-elect Barack Obama is inheriting the worst economy in decades and says he'll need to "invest an extraordinary amount of money" to get it back on track.
Jan 07, 2009 02:39AM
Stocks set to drop as jobs in focus
Stocks were set for a lower open Wednesday, with the weak employment situation in investors' focus.
Jan 07, 2009 04:24AM
Fed predicts economy will get worse
The U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve.
Jan 06, 2009 03:33PM
Alcoa to cut global workforce by 13%
Aluminum producer Alcoa Inc. said Tuesday it will slash its global workforce by 13%, or 13,500 jobs, by the end of the year as a way to remain competitive during the global economic recession.
Jan 06, 2009 01:23PM
Autos: 2008 winners and losers
In a disastrous year for auto sales here's who came out on top and who got thrown under the wheels.
Jan 06, 2009 01:51PM
Wilbur Ross: I will buy a bank
Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank.
© 2009 Cable News Network LP, LLLP.
Yahoo! News: Technology News
Wed, 07 Jan 2009 11:26:46 GMT
Jan 07, 2009 12:36AM
Apple cuts copy protection and prices on iTunes (AP)
AP - Apple Inc. is cutting the price of some songs in its market-leading iTunes online store to as little as 69 cents and plans to make every track available without copy protection.
Jan 05, 2009 02:16PM
Even in recession, CES to have stuff worth seeing (AP)
AP - The recession figures to tone down the flashiness of this week's International Consumer Electronics Show, but the lineup of innovative products likely will measure up to those of past years.
Jan 06, 2009 03:11AM
Apple's Jobs has hormone imbalance, will stay CEO (AP)
AP - Apple Inc. founder Steve Jobs, a survivor of pancreatic cancer whose gaunt appearance in the past year has alarmed the Mac and iPod lovers who look to him as an oracle, said Monday he has an easily treated hormone imbalance and will remain in charge of the company.
Jan 05, 2009 08:50PM
Logitech to cut salaried staff by 15 percent (AP)
AP - Logitech International SA, a maker of mice, webcams and other computer peripherals, said Monday it is cutting its salaried work force by 15 percent in response to weak consumer demand amid what it expects to be an extended global downturn.
Jan 06, 2009 10:00PM
Cisco adds social networking to its forte (CNET)
CNET - Correction: An earlier version of this story misstated that technology from the Five Across acquisition was the foundation for the new Eos service. It is not.
Jan 07, 2009 04:05AM
Digital boom helps British music sales hit record (AFP)
AFP - British music sales are booming as young fans increasingly buy songs online rather than illegally downloading them, the country's industry body said Wednesday.
Jan 07, 2009 02:09AM
Olympus Puts 10X Optical Zoom In a Pocket Cam (PC World)
PC World - It's no 26x optical zoom behemoth like its just-announced SP-590 UZ, but Olympus put yet another feather in its zoom cap with the Olympus Stylus-9000. The company announced the slim 10X -optical-zoom digital camera in a press release as part of its 2009 offerings at the Consumer Electronics Show in Las Vegas.
Copyright (c) 2009 Yahoo! Inc. All rights reserved.
NYT > Business
Wed, 07 Jan 2009 10:17:24 GMT
By NELSON D. SCHWARTZ and JULIA WERDIGIER on Jan 06, 2009 11:04PM
Austria?s ?Woman on Wall St.? Now Out of Sight
Sonja Kohn made few friends gathering billions for Bernard L. Madoff from wealthy investors in Russia and across Europe. Now she?s disappeared from public view.
By BRAD STONE on Jan 06, 2009 10:46PM
Want to Copy iTunes Music? Go Ahead, Apple Says
Apple said it would begin selling song downloads without anticopying measures and change its pricing structure.
By CARTER DOUGHERTY on Jan 06, 2009 09:24PM
Facing Losses, Billionaire Takes His Own Life
Adolf Merckle?s speculation in volatile Volkswagen shares pushed his sprawling empire to the edge of ruin.
By IAN AUSTEN on Jan 06, 2009 09:29PM
The Costly Compromises of Oil From Sand
Environmental groups in the U.S. and Canada are pushing for a slowdown to oil sands development.
By HEATHER TIMMONS AND BETTINA WASSENER on Jan 07, 2009 03:17AM
Satyam Shares Plunge on Scandal
The chairman of Satyam Computer Services, an Indian company that serves numerous Fortune 500 companies, resigned, sending Satyam?s shares down 77 percent.
By EDMUND L. ANDREWS on Jan 06, 2009 09:27PM
In Fed Rate Cut, Fears of Long Recession
Meeting last month, Fed officials worried that even a dramatic cut in interest rates would not be enough to cauterize the country?s economic troubles quickly.
By LOUIS UCHITELLE on Jan 06, 2009 09:33PM
Economists Warm to Government Spending but Debate Its Form
A debate persists over the most effective form of stimulus and what role tax cuts should play.
Copyright 2009 The New York Times Company