Wikinvest Wire

Tuesday morning links

Tuesday, December 09, 2008

TOP STORIES
Deal to Rescue American Automakers Is Moving Ahead - NY Times
Another 14,000 job cuts - CNN/Money
New York Times Co. to borrow against HQ - MarketWatch
Tribune Co. files for Chapter 11 bankruptcy protection - LA Times
California May Have to Halt Public Works Spending Amid Deficit - Bloomberg
$15B could help automakers now, but what about later? - USA Today
Statistics show loan modification not a panacea - MarketWatch

MARKETS/INVESTING
Oil rises towards $44 - Reuters
Gold and other metal futures fall as dollar gains - MarketWatch
Ten clues: A new bubble is blowing - MarketWatch
Gold shines on - Fortune
Some forecast $1-a-gallon gas as demand continues to fall - LA Times

ECONOMY
Pending Sales of Existing Homes in U.S. Fell 0.7% - Bloomberg
Unemployment cash shortage - CNN/Money
Tight Credit Squeezing Small Businesses - Washington Post
NBC considers cutting on-air time - CNN/Money

INTERNATIONAL
Canada's central bank cuts key rate target to 1958 level - AP
Spain’s ‘Best Generation’ Hit as Boom Turns to Bust - Bloomberg
S&P lowers Russia's sovereign credit ratings - MarketWatch
China Boomtown Withers as Buyers Push Worker Rights - Bloomberg
Sony to cut 8,000 jobs, close manufacturing sites - MarketWatch
Japan’s Economy Shrinks 1.8%, More Than Expected - Bloomberg
U.K Manufacturing Slides, Housing Sales at Lowest Since 1978 - Bloomberg

HOUSING
Partnership Aims to Make Foreclosure Shopping a Breeze for Investors - HousingWire
Tenants victimized by foreclosures - CNN/Money
Internal Warnings Sounded on Loans At Fannie, Freddie - Washington Post
Mortgage modifications falling short of goal - LA Times

FED/TREASURY/BANKING
Regulators preparing rescue of credit unions - Reuters
Ben Bernanke's Pretense of Knowledge - Mises
Bailout, part 1: $335B down, $15B to go - CNN/Money
The $7 trillion question - Fortune

INTERESTING
Nagging wife, sausage help man win $4.2M lottery - AP
Dinosaurs Were Airheads - LiveScience

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