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Stores' dismal December means prices should fall - WJLA
NEW YORK - Dismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 - not only more sharp discounts and cheaper groceries but probably fewer stores. Holiday spending was so anemic that even Wal ...

Consumer Borrowing in U.S. Falls Record $7.9 Billion (Update1) - Bloomberg
Jan. 8 (Bloomberg) -- Consumer borrowing dropped by a record $7.9 billion in November as Americans scrambled to boost savings in face of the deepening recession and amid an investor exodus from securities backed by credit-card and other loans. The ...

U.S. Consumer Borrowing Fell Record $7.9 Billion in November - Bloomberg
Jan. 8 (Bloomberg) -- U.S. consumer borrowing dropped a record $7.9 billion in November as consumers retrenched and credit markets seized up. The decline brought consumer credit down to $2.57 trillion, the Federal Reserve said today in Washington. In ...

Obama plan helps lift global stock market gloom - PR Inside
LONDON (AP) - World stock markets ended mixed on Thursday after President-elect Barack Obama made an urgent pitch to Congress to back his plan to resuscitate the U.S. economy. While Asian and European markets ended in negative territory, broad U.S ...

Rudd in 'quantum of stimulus' calculation call - Australian Broadcasting Corp.
Prime Minister Kevin Rudd has warned of "grave" consequences without "unprecedented" policy cooperation between governments to lift the world out of the global financial crisis. In an opinion piece in the UK's Financial Times , Mr Rudd says the ...

Digital Media - CNET News
Despite Wall Street's wrath that ensued following the failed Microsoft buyout bid, people familiar with Yahoo's CEO search say don't count out the company's president, Sue Decker. (Credit: Yahoo) The executive has undergone two full rounds of in ...

Best Buy Company Inc. - Orlando Sentinel
Amazon.com Inc. said Friday that the 2008 holiday season was its "best ever," in spite of grim results across much of the overall retail sector. The online retail giant said it sold more than 6.3 million items worldwide on its peak day, Dec. 15, or ...

GMAC transition reduces control for GM, Cerberus - Associated Press
GMAC Financial Services' transition into a bank holding company should buy the troubled lender some time to turn itself around, but the cost is a loss of control for its owners General Motors Corp. and Cerberus Capital Management. It also raises a ...

Snowmass seeks Base Village guarantees - Aspen Daily News
SNOWMASS VILLAGE — Elected officials here are leveraging the tricky financial situation Related WestPac finds itself in these days to get guarantees on improving public transit arrivals into the new Base Village. Related WestPac executives came ...

Mortgage rates fall to another record low - Dubuque Telegraph Herald
WASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...