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Business and Tech News

Business and financial news - CNNMoney.com
Jan 07, 2009 04:24AM

http://money.cnn.com/rssclick/?section=money_topstories

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 07:21PM

Bank of America CEO skips bonus

Read full story for latest details.

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

http://news.yahoo.com/i/738

Jan 07, 2009 12:36AM

Apple cuts copy protection and prices on iTunes (AP)

Phil Schiller, senior vice-president of worldwide product marketing for Apple, delivers his keynote address Tuesday, Jan. 6, 2009, at the Macworld Conference and Expo in San Francisco. (AP Photo/Ben Margot)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)

This undated photo provided by Nvidia Corp., a leading maker of graphics chips for computers, will be touting $199 glasses that turn compatible monitors into true three-dimensional displays, spicing up games like 'Far Cry 2,' 'Spore' and 'Left 4 Dead.' Gaming in 3-D, with and without glasses, has been possible for years, yet has never caught on. The support of a big name like Nvidia might make a difference. (AP Photo/Nvidia Corp.)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)

In this photo combo, Apple Inc. founder and Chief Executive Steve Jobs is seen on Sept. 17, 2007 in Berlin, Germany, left, and on Sept. 9, 2008 in San Francisco, right. Jobs, looking to end health rumors, on Monday, Jan. 5, 2009 said that a hormone imbalance is to blame for the weight loss that has prompted worries about his health. (AP File Photos)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)

An Apple Nano and iTunes music card on a computer keyboard. British music sales are booming as young fans increasingly buy songs online rather than illegally downloading them, the country's industry body has said.(AFP/File/Robert Sullivan)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

http://www.nytimes.com/pages/business/index.html?partner=rss

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