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Alcoa to slash jobs and sell 4 units (Reuters) |
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Tuesday, 06 January 2009 |
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Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn. |
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Anti-tax groups sue over Calif. budget package (AP) |
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Tuesday, 06 January 2009 |
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Republican lawmakers and anti-tax groups on Tuesday sued to block an $18 billion Democratic budget package, claiming it included tax increases that were not passed by the required two-thirds majority in the Legislature. |
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Indian navy agrees to $2.1B deal for Boeing planes (AP) |
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Tuesday, 06 January 2009 |
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The Indian navy has agreed to buy eight reconnaissance and anti-submarine planes from Boeing Co. in a $2.1 billion deal that signals the developing nation's drive to upgrade its military hardware. |
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Financial crisis takes human toll (AP) |
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Tuesday, 06 January 2009 |
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His spirit broken by financial fears, German billionaire Adolf Merckle took his own life this week -- becoming the latest high-profile casualty of a global economic crisis that already has claimed the lives of executives in Europe and the U.S. |
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Sector roundup: Solar stocks, automakers (AP) |
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Tuesday, 06 January 2009 |
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The solar sector slid on Tuesday as solar power companies continued to face weak customer demand and dried up credit markets. |
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Treasurys mixed after strong auction (AP) |
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Tuesday, 06 January 2009 |
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Treasurys traded mixed Tuesday, recovering from steeper losses after a robust auction of 10-year Treasury inflation-protected securities. |
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6 months into fiscal year, W.Va. up nearly $75M (AP) |
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Tuesday, 06 January 2009 |
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West Virginia remains the envy of most of the rest of the country when it comes to state budget revenues: It ended the first half of its budget year last month with a potential surplus of nearly $75 million. |
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Top municipal-bond mutual funds at a glance (AP) |
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Tuesday, 06 January 2009 |
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A look at some top-rated municipal-bond funds as screened by Morningstar. All are national intermediate-term funds with expenses lower than the category average, a minimum initial investment of $3,000 or less, and no front or deferred load: |
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UPDATE - Canada budget to address credit access-minister (at Reuters) |
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Tuesday, 06 January 2009 |
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Skilling convictions upheld; will get resentenced (AP) |
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Tuesday, 06 January 2009 |
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A federal appeals court Tuesday upheld former Enron Corp. CEO Jeff Skilling's convictions for his role in the energy giant's collapse but threw out his 24-year prison term and ordered that he be resentenced. |
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PARIS----Regulatory News: