WASHINGTON, Jan. 8, 2009 (Reuters) — The number of U.S. workers filing new claims for unemployment benefits fell unexpectedly by 24,000 last week, government data showed on Thursday, but the number of people remaining on jobless rolls rose to a fresh 26-year high. ... > full story
CHICAGO, Jan. 8, 2009 (Reuters) — Wal-Mart Stores Inc led U.S. retailers in posting disappointing December same-store sales on Thursday, and it cut its quarterly earnings forecast despite being the store of choice in a recession. ... > full story
Jan. 8, 2009 (Reuters) — Costco Wholesale Corp reported a 4 percent fall in sales at stores open at least a year in December, hurt mainly by lower gasoline prices and foreign exchange losses. ... > full story
LONDON, Jan. 8, 2009 (Reuters) — World stocks and metal prices fell on Thursday after bleak data and poor corporate earnings stoked gloom about the economic outlook, while sterling eased against the dollar before the Bank of England's interest rate decision. ... > full story
Jan. 8, 2009 (Reuters) — Macy's Inc is expected to announce as soon as Thursday it will close 10 locations, the Wall Street Journal reported citing a person familiar with the matter. ... > full story
TAIPEI, Jan. 8, 2009 (Reuters) — HSBC <0005.HK> , Europe's biggest bank, said on Thursday U.S. stocks were the best bets in 2009 due to the healthy profits some U.S. firms had made over the past two years, though a big sell-off was possible through March. ... > full story
NEW YORK, Jan. 7, 2009 (Reuters) — When U.S. central bankers eventually move to wean markets off the emergency support put in place to rescue the economy, they will face the difficult and delicate task of timing it right. ... > full story
WASHINGTON, Jan. 7, 2009 (Reuters) — The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters said on Wednesday, the result of an economic recession that has cut tax receipts and caused massive government bailouts of banks and automakers. ... > full story
NEW YORK, Jan. 7, 2009 (Reuters) — Planned layoffs at U.S. firms eased in December from the previous month's seven-year high but they were up an astounding 275 percent annually as the year-old recession cut a huge swathe of destruction through job market. ... > full story
LONDON, Jan. 7, 2009 (Reuters) — World stocks worked on their 10th consecutive session of gains on Wednesday, but European shares were breaking their winning streak and the dollar's recent drive upwards faltered. ... > full story
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UPDATE 1-Cardinal cuts forecast on weak hospital spending Jan. 8, 2009 (WallSt.net) — Cardinal Health Inc cut its fiscal year forecast on Thursday as delayed hospital spending hurts equipment sales. Cardinal, one of the largest drug ...
BRIEF-Michael Page Q4 profit down, market difficult Jan. 8, 2009 (WallSt.net) — Michael Page International Plc: * Group Q4 gross profit of #118.8M (2007: #128.1M) * Group headcount decreased by 509 in Q4 to 4,943 below that of ...
UPI NewsTrack Business 5 Hours 30 Mins Jan. 7, 2009 (WallSt.net) — U.S. stocks indexes were sharply lower Wednesday with employment concerns pointing to further erosion in the economy. Alcoa Inc. said it would shed ...
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