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| Alcoa to slash jobs and sell 4 units (Reuters) |
| Tue, 06 Jan 2009 22:13:46 GMT |
 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.
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| Stocks rise on stimulus plan hopes (Reuters) |
| Tue, 06 Jan 2009 23:13:58 GMT |
 Reuters - Stocks gained on Tuesday on the increased likelihood of a government stimulus package after the release of minutes from the last Federal Reserve policy meeting painted a dismal picture of the U.S. economy.
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| U.S. budget deficit seen topping $1 trillion in 2009 (Reuters) |
| Tue, 06 Jan 2009 23:02:23 GMT |
| Reuters - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan. |
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| Fed and other agencies to join U.S. fraud task force (Reuters) |
| Tue, 06 Jan 2009 22:23:32 GMT |
| Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday. |
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| Court backs $631 million judgment against Boeing (Reuters) |
| Tue, 06 Jan 2009 17:09:45 GMT |
 Reuters - A California court has approved a jury verdict against Boeing Co , which means the plane maker and defense contractor must pay former customer ICO Global Communications (Holdings) Ltd $631 million in damages, according to ICO on Tuesday.
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| London stocks continue bounce (AFP) |
| Tue, 06 Jan 2009 22:29:25 GMT |
 AFP - FTSE 100 stocks continued their New Year bounce on Tuesday as investors looked forward to possible interest rate cuts and further government aid in 2009.
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| Leading Democrat offers mortgage aid bill (Reuters) |
| Tue, 06 Jan 2009 15:55:42 GMT |
| Reuters - The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. |
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