 CTV.ca | Facing Big Losses, German Billionaire Takes His Own Life New York Times - By CARTER DOUGHERTY FRANKFURT - Adolf Merckle, the German billionaire whose speculation in volatile Volkswagen stock had pushed his sprawling business empire to the edge of ruin, has committed suicide, his family said Tuesday. Billionaire Merckle Died Within Sight of Factory He Founded German tycoon Adolf Merckle commits suicide |
Skilling convictions upheld; will get resentenced - The Associated Press
 Canada.com | Skilling convictions upheld; will get resentenced The Associated Press - HOUSTON (AP) - 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. Court upholds Skilling conviction, orders resentencing Skilling’s Conviction Upheld, Resentencing Ordered |
Stocks recharge rally - CNNMoney.com
 Washington Times | Stocks recharge rally CNNMoney.com - By Alexandra Twin, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday as investors looked beyond the Federal Reserve's dour outlook on the economy and instead scooped up shares hit in last year's big selloff. US STOCKS-Wall St rises on stimulus plan hopes; tech leads Stocks end higher on hopes for economic rebound |
Fed Policy Makers Saw ‘Substantial’ Risks to Economy - Bloomberg
Fed Policy Makers Saw ‘Substantial’ Risks to Economy Bloomberg - By Steve Matthews Jan. 6 (Bloomberg) -- Federal Reserve policy makers saw “substantial” risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary. Meltdown 101: What shows up in the Fed minutes? In Fed's decision to slash rates, fears of a long recession |
Oil Falls First Time in 4 Days on Outlook for Economy, Supplies - Bloomberg
 Boston Globe | Oil Falls First Time in 4 Days on Outlook for Economy, Supplies Bloomberg - By Margot Habiby Jan. 6 (Bloomberg) -- Oil dropped for the first time in four days in New York on forecasts the economy will worsen, curtailing demand in the world’s biggest energy-consuming country. NYMEX-Crude dips on profit taking, ahead of EIAs Don't get used to cheap oil, analysts say |
Polycom Announces Anticipated Results for Fourth Quarter - CNNMoney.com
Polycom Announces Anticipated Results for Fourth Quarter CNNMoney.com - Polycom, Inc. (NASDAQ: PLCM), the global leader in telepresence, video and voice communications solutions, today announced anticipated results for the fourth quarter of 2008. Polycom to cut 150 people Polycom Sees Q4 Results Below Estimate; Cuts 150 Jobs - Quick Facts |