Reuters - Japan's Nikkei average fell 0.6 percent on Thursday, with a much stronger yen hurting exporters such as Kyocera Corp, and after Wall Street fell as initial optimism from the Federal Reserve's rate cut faded.
AP - President-elect Barack Obama intends to name former Securities and Exchange Commissioner Mary Schapiro to head the much-criticized agency and wants to install GOP Rep. Ray LaHood of Illinois as transportation secretary, Democratic officials said Tuesday.
AP - The fraud investigation of Wall Street money manager Bernard L. Madoff took unusual twists Wednesday as the U.S. attorney general removed himself and the Securities and Exchange Commission looked into the relationship between Madoff's niece and a former SEC attorney who reviewed Madoff's business.
Reuters - A veteran financial market regulator was chosen by President-elect Barack Obama to head the U.S. Securities and Exchange Commission, the Wall Street Journal reported on Wednesday.
AP - A Democratic official says President-elect Barack Obama has chosen Mary Schapiro to head the Securities and Exchange Commission, turning to a veteran of the agency to try to revitalize it.
President-elect Barack Obama on Thursday will announce Mary Schapiro to be the chairman of the Securities and Exchange Commission.
The fourth annual Pogie Awards give a tip of the hat to the best consumer tech ideas of 2008.
The cellphone industry hopes customers will want to receive deal alerts at the store, or simply use the phone as a virtual coupon at the cashier.
As newspapers cut costs, coverage of events in the nation’s capital suffers.
Yahoo said it will limit the time it holds personal information related to searches to 90 days to address privacy concerns.
Posted by By NICK BUNKLEY in
Sales (Wednesday December 17, 2008 at
6:42 pm)
The automaker said it would close all of its factories for at least one month in response to plunging vehicle sales in the United States. Ford also announced significant production cuts.
The three defendants were convicted of using tax shelters to help wealthy investors evade billions in taxes. A fourth man was acquitted of the charges.
Revenues in every corner of the bank fell, even when compared to last quarter, showing a deteriorating environment that cut across businesses.
Chrysler will close all 30 of its manufacturing plants for a month, starting Friday, to conserve cash and match production to slowing demand, the Detroit automaker announced on Wednesday.
AP - Wall Street finished moderately lower Wednesday, as further signs of economic deterioration dampened investors' earlier enthusiasm about the Federal Reserve's record interest rate cut.
The cartel hopes the move will help stabilize oil prices and eventually push them up to around $80 a barrel.
Reuters - Disgraced Wall Street investment manager Bernard Madoff, accused of orchestrating a $50 billion fraud, was put under house arrest on Wednesday.
The EDF Group, which includes Éléctricité de France, will buy a stake in Constellation Energy for $4.5 billion.
The editor of USA Today said that he is resigning to head a foundation devoted to press freedom.
The video game publisher Take-Two Interactive Software posted a quarterly net loss and provided a 2009 forecast that was below Wall Street estimates.
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