08 January 2009 11:00 [Source: ICIS news]
Front page
Slide in 401(k)s spurs calls for change
The stock-market rout has ignited a crisis of confidence for millions of Americans who manage their own retirement savings through 401(k) plans.
Militants in southern
Senate Democrats retreat on Burris
Senate Democrats and Obama backed down from a political fight with Blagojevich's appointee to fill the president-elect's seat.
Money & Investing
Corporate scandal shakes
The chairman of one of
Microsoft gets key search deals
Microsoft announced key search deals and made an early version of Windows 7 available for testing.
Time Warner sees 2008 loss
Time Warner took a $25bn write-down and expects a loss for 2008 as values tumble at its cable, publishing and AOL units.
Front page
As the global downturn has intensified,
Obama says he will seek overhaul of retiree spending
Should the president-elect take on a serious effort to address the growing costs of entitlement programs, he would be opening up a potentially risky battle.
Business Day
For
The city’s reinvented economy, driven by health care and education, is proving resistant to downturns.
A crisis trumps constraint
Economists and politicians across the political spectrum say Congress should spend whatever it takes to rescue the economy.
Front page
Inauguration to close off most bridges to DC
The US Secret Service announces that all Potomac bridge crossings from
Advisers may trump the cabinet
Influential cadre of counselors just steps from the Oval Office will help direct domestic policy.
Business
Congress pushes for US spending restraint
Analysts say the budget deficit will soar to $1.2 trillion this year, a startling tide of red ink that could dampen enthusiasm on Capitol Hill for some of President-elect Barack Obama's most ambitious priorities.
Stock losses leave pensions underfunded
The need to cover pension shortfalls could prompt businesses to reduce spending on items as varied as equipment that boosts productivity and dividends that deliver income for shareholders.
Front page
Harper pushes to gain control of Senate
Facing an emboldened opposition and the possibility of defeat, Prime Minister Stephen Harper is making a significant switch in tactics, dropping his reliance on confidence votes and moving even further toward stacking the Senate with Tories.
Polygamy charges in bountiful
In a legal showdown over
Business
Ottawa looks to prop up auto leasing
The federal government plans to unveil measures to boost consumer financing for car loans and leases in its upcoming budget, a move aimed at further propping up the battered auto industry.
Irked by troubles, Charest targets Caisse
Front page
3-hour truce - then war resumes
Lole: Why the fuss?
Peronist Senator Carlos “Lole” Reutemann, a former governor of
All Russian gas flow through Ukraine cut off
Russian gas flows to Europe through Ukraine shut down completely, reducing power to industries and homes in southeast Europe and disrupting supplies to major economies.
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