Loews Home Improvement
Friday, January 09, 2009
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Citi, Morgan Stanley in brokerage talks; Rubin quits
NEW YORK (Reuters) - Citigroup Inc is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, a person familiar with the matter said on Friday, in a move that would further dismantle the financial supermarket that has been bailed out by the U.S. government.
Illinois House votes to impeach Gov. Blagojevich
CHICAGO (Reuters) - The Illinois House of Representatives impeached Gov. Rod Blagojevich on Friday for abuse of power, including a charge that he tried to sell President-elect Barack Obama's former U.S. Senate seat.
Israel, Hamas press on with Gaza war
GAZA (Reuters) - Israel pressed on with a punishing Gaza offensive and Hamas sent more rocket salvoes into southern Israeli towns in a two-week-old war that continued to defy international efforts to stop it.
Obama team, Rep. Frank eye bailout fund overhaul
WASHINGTON (Reuters) - President-elect Barack Obama and a key Democratic lawmaker revealed plans on Friday to overhaul the government's $700 billion financial rescue fund as a way to aid struggling homeowners and speed the flow of credit.
Jobless rate at 16-year high as payrolls plunge
WASHINGTON (Reuters) - The unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed on Friday.