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Israel pounds Gaza again

GAZA, Jan. 7, 2009 (Reuters) — Israeli aircraft and tanks pounded the Gaza Strip on Wednesday and troops battled Palestinian guerrillas on the ground as U.S. backing for a proposed truce raised expectations of an end to the 12-day-old offensive. ...  > full story

U.S. says Madoff sent diamonds in violation of bail

NEW YORK, Jan. 7, 2009 (Reuters) — One of the packages accused swindler Bernard Madoff sent in violation of a court order contained about 13 watches, a diamond necklace and other valuables worth more than $1 million, prosecutors said in court papers released on Wednesday. ...  > full story

Private job losses mount, ominous for payrolls

NEW YORK, Jan. 7, 2009 (Reuters) — Job losses and plans to lay off workers hammered the struggling U.S. economy in the final month of 2008, according to private reports that could foreshadow surprisingly grim labor market data from the government on Friday. ...  > full story

Alcoa to slash jobs and sell 4 units

NEW YORK, Jan. 6, 2009 (Reuters) — Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn. ...  > full story

German tycoon Adolf Merckle commits suicide

BLAUBEUREN, Germany, Jan. 6, 2009 (Reuters) — German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday. ...  > full story

Many in U.S. military don't get time to vote: study

WASHINGTON, Jan. 6, 2009 (Reuters) — Many U.S. troops serving overseas are effectively excluded from voting because they are not given enough time to cast absentee ballots, according to a report released on Tuesday. ...  > full story

Wealth of U.S. millionaires down 30 percent: survey

NEW YORK, Jan. 6, 2009 (Reuters) — American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers. ...  > full story

Prosecutors seek to jail Madoff

NEW YORK/WASHINGTON, Jan. 5, 2009 (Reuters) — U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail. ...  > full story

U.S. seeks to revoke Madoff bail

NEW YORK, Jan. 5, 2009 (Reuters) — U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff and detain him on Monday, claiming he was a flight risk. ...  > full story

Thousands of claim forms sent to Madoff customers

NEW YORK, Jan. 5, 2009 (Reuters) — More than 8,000 forms have been mailed to customers of accused swindler Bernard Madoff so they can make claims by March or July for any money they may have lost, the trustee overseeing the liquidation of Madoff's firm said on Monday. ...  > full story
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