Alcatel-Lucent to Cut 1000 Manager Jobs, Trim Costs – Bloomberg

CXOToday.com Alcatel-Lucent to Cut 1000 Manager Jobs, Trim CostsBloomberg -49 minutes agoBy Phil Serafino Dec. 12 (Bloomberg) — Alcatel-Lucent SA, the world’s largest maker of fixed-line... Read more

Australian Dollar Falls as US Senate Rejects Carmaker Bailout – Bloomberg

Washington Post Australian Dollar Falls as US Senate Rejects Carmaker BailoutBloomberg -2 hours agoBy Candice Zachariahs Dec. 12 (Bloomberg) — The Australian dollar dropped from a one-month... Read more

South Korea's economic growth to slow in 2009 – MarketWatch

MiamiHerald.com South Korea's economic growth to slow in 2009MarketWatch -1 hour agoBy Sue Chang, MarketWatch SAN FRANCISCO (MarketWatch) — South Korea's economic expansion is expected... Read more

Debt held by US households shrinks for first time – Los Angeles Times

WJBF-TV Debt held by US households shrinks for first timeLos Angeles Times -1 hour agoEconomists don't know whether consumers are bringing down their debt voluntarily or whether it's being... Read more

Prominent Trader Accused of Defrauding Clients – New York Times

Prominent Trader Accused of Defrauding ClientsNew York Times -7 hours agoBy DIANA B. HENRIQUES and ZACHERY KOUWE Bernard L. Madoff, a legend among Wall Street traders, was arrested on Thursday... Read more

Asian Markets Sink on Auto Bailout Collapse – New York Times

Washington Post Asian Markets Sink on Auto Bailout CollapseNew York Times -3 hours agoBy BETTINA WASSENER HONG KONG – Asia’s stock sank deep into negative territory on Friday in the wake... Read more

Bank of America to cut up to 35000 jobs – MarketWatch

Boston Globe Bank of America to cut up to 35000 jobsMarketWatch -5 hours agoBy Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) — Bank of America said late Thursday that it plans... Read more

California adopts the most sweeping curbs on greenhouse gas … – Los Angeles Times

The Associated Press California adopts the most sweeping curbs on greenhouse gas …Los Angeles Times -1 hour agoThe state air board orders a 15% cut in emissions over the next 12 years, bringing... Read more

GM, Chrysler Survival Options Narrow After Congress Vote Fails – Bloomberg

ABC News GM, Chrysler Survival Options Narrow After Congress Vote FailsBloomberg -1 hour agoBy Jeff Green and Nicholas Johnston Dec. 12 (Bloomberg) — General Motors Corp. may be in bankruptcy... Read more

OPEC is Expected to Slash Output – Wall Street Journal

BBC News OPEC is Expected to Slash OutputWall Street Journal -1 hour agoBy NEIL KING JR. and SPENCER SWARTZ OPEC is all but certain this week to slash oil output in a bid to counteract falling... Read more

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