Crunch takes shine off money market funds - Reuters UK
LONDON (Reuters) - Europe’s Triple-A rated money market funds no longer look like the ultra-safe bets they once were, as redemptions soar and differences in returns emerge on the back of the squeeze in global credit. The funds have for years offered
Panel criticizes US Treasury use of TARP funds - Forbes
Elizabeth Warren, who heads a congressionally appointed oversight panel, told ABC news there was no evidence the Treasury had used money from the Troubled Asset Relief Program to support the housing market by avoiding preventable foreclosures. “There
KB Home Posts $307 Million Loss - Wall Street Journal
KB Home reported a narrower fiscal fourth-quarter loss on improved margins and lower write-downs as the homebuilder continues to hunker down in a woeful housing market. Revenue for the period ended Nov. 30 fell 56%. Chief Executive Jeffrey Mezger
State retirees’ pension checks to be reduced - Wisconsin State Journal
Retired Wisconsin public employees are in for a cut in their pension checks later this year — for the first time — thanks to the stock market’s dismal performance in 2008. The Core Fund, a diversified portfolio that holds most of the Wisconsin
Universal Detection Technology Working With the US Department of - MSN MoneyCentral
Universal Detection Technology Working With the US Department of Commerce to Market Its Anthrax Detection Equipment in Kuwait January 9, 2009 7:01 AM ET
Commentary: The real lesson of the Madoff case - CNN
NEW YORK (CNN) — When stock markets are soaring, people think they’re making money because they’re geniuses. But when the market tanks — which it always does, sooner or later — people look for villains to blame for their losses. Allan Sloan says
Treasuries Advance on Speculation U.S. Job Losses Are Worsening - Bloomberg
Jan. 9 (Bloomberg) — Treasury 10-year notes rose for a second day before a government report that may show the U.S. lost more than half a million jobs last month, capping the biggest collapse in employment since the end of World War II. The advance
Best Buy Reports December Revenue of $7.5 Billion, Continues Market - MSN MoneyCentral
1 Comprised of revenue at stores, call centers and Web sites operating for at least 14 full months, as well as remodeled and expanded locations. Relocated stores are excluded from the comparable store sales calculation until at least 14 full months