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Money Management International News

Wal-Mart, Macy’s Dismal December May Portend More Pain in 2009Thursday, January 8, 2009 @ 2:47PMJan. 8 (Bloomberg) -- Wal-Mart Stores Inc., Macy’s Inc. and Gap Inc. slashed earnings forecasts after the worst holiday- shopping season in 40 years, and the retail landscape may not improve heading into 2009.

IN BRIEF: News from around DownriverThursday, January 8, 2009 @ 2:43PMAROUND DOWNRIVER

INDUSTRY & ECONOMYThursday, January 8, 2009 @ 2:05PMECONOMIC OFFENCES: Police, CBI waiting for formal complaint Chennai, Jan. 8 The Andhra Pradesh Police or the Central Bureau of Investigation are probably waiting for a formal complaint to be lodged with them before they can proceed with the investigation against Mr Ramalinga Raju, who confessed ...

Obama Warns of Prolonged Crisis Without Stimulus Plan (Update3)Thursday, January 8, 2009 @ 2:05PMJan. 8 (Bloomberg) -- President-elect Barack Obama warned that the U.S. risks sinking deeper into an economic crisis without an infusion of government spending and a cut in tax rates and urged Congress to act quickly on a stimulus package that may total $775 billion.

Reared on FarmThursday, January 8, 2009 @ 1:45PMEdmon was born in Champaign, Ill. while her parents were finishing school at the University of Illinois at Urbana-Champaign.

Treasuries Rise as Obama Warns of Worse Slump, U.S. Sells DebtThursday, January 8, 2009 @ 1:25PMJan. 8 (Bloomberg) -- Treasuries rose as an auction of $16 billion of 10-year notes drew stronger-than-average demand and stocks dropped after President-elect Barack Obama said the U.S. risks sinking deeper into an economic crisis.

UPDATE 1-Turkish assets slide on gloomy European dataWednesday, January 7, 2009 @ 9:53AMISTANBUL, Jan 7 (Reuters) - Turkish stocks fell some 3 percent on Wednesday, tracking European markets lower on interim profit-taking after recent gains and gloomy euro zone economic data, while the Turkish lira weakened against the dollar.

Week of January 8, 2009Wednesday, January 7, 2009 @ 9:52AMCONTRACTS COMING: Though Miami-Dade has yet to set a date for commissioners to consider Marlins ballpark contracts, officials expect a vote this month on final construction, non-relocation, assurance and management agreements.

Voters will have more to say about school board this yearWednesday, January 7, 2009 @ 9:50AMFor the first time in recent memory, voters will pick a majority of the nine-member Janesville School Board.