The government agreed to provide a fresh capital injection and absorb as much as $98.2 billion in losses.

The newspaper?s management had warned of a possible bankruptcy protection filing if labor concessions couldn?t be found.

Wall Street fought back from early losses to close slightly higher on Thursday, even as economic reports sent up more distress flares about the widening recession.

Reuters - U.S. stock futures extended gains in Asia on Friday while safe-haven Treasuries slid after the U.S. government pumped $20 billion into Bank of America , the latest intervention to prop up the battered financial sector.

Wall Street fought back from early losses to close slightly higher on Thursday, even as economic reports sent up more distress flares about the widening recession.

The U.S. has frozen the assets of two Burmese businessmen and their companies for aiding the military junta in Myanmar.

Mr. Crow began his legendary business career as the teller behind the window at a Dallas bank and rose to become one of America?s largest real estate developers and landlords.

The approval, in an especially heated session in Parliament, came despite mounting opposition from residents, lawmakers and environmental campaigners.

Bank of America, the US's largest bank, will receive $20bn in government aid and $118bn of guarantees against bad assets.

Reuters - The Minneapolis Star Tribune filed for bankruptcy, becoming one of the biggest U.S. newspapers yet to financially flame out under a heavy debt load and a punishing decline in advertising revenue.

Reuters - Private-equity firm Golden Gate Capital has emerged as one of three bidders in the auction for retailer Circuit City Stores Inc , which filed for bankruptcy protection in November, the Wall Street Journal reported.

AP - Royal Ahold NV, the operator of the Stop & Shop and Giant grocery chains in the U.S., reported sales growth of 13 percent for the fourth quarter on Friday, buoyed by a stronger dollar.

A Z$100tr, currently worth about US$30 is to be introduced in Zimbabwe, state media says.

Honda announces 3,100 job cuts in Japan and production cuts of 56,000 vehicles to combat a dramatic slump in global car sales.

Global oil demand will fall for a second year in a row in 2009, the first time this has happened in 26 years, a report says.

A scheme aimed at stopping thousands of vulnerable people losing their homes is to be extended across England.

The ban on the short-selling of 34 financial stocks has been lifted, providing a key test for the embattled banking sector.

Computer games publisher Eidos says it has received an informal takeover approach, sending its shares up 23%.

Citigroup provided more details of an ongoing restructuring plan, and Bank of America posted a more moderate $1.79 billion loss.

World stocks rebounded from the previous day?s rout, with Tokyo?s index gaining nearly 3 percent, as the U.S. bailed out Bank of America again.

Struggling US banking giant Citigroup is to split the firm in two, as it reports a quarterly loss of $8.29bn (£5.6bn).

An Indian court extends custody of Ramalinga Raju, head of fraud-hit Satyam, until Monday and will hear a bail plea then.

Anglo Irish Bank was running out of money

Honda announces plans to stop production at its plant in Swindon for the months of April and May due to a collapse in global sales.

Supermarket chain Waitrose says it will add 4,000 new jobs as it embarks on an expansion drive.

Reuters - Stock futures rose sharply on Friday as news that Bank of America had received a $20 billion government capital injection eclipsed signs of continuing fallout from the credit crisis for the financial sector.

Reuters - Citigroup Inc unveiled a plan to break into two businesses as a way to shed troubled assets, and reported an $8.29 billion fourth-quarter loss, its fifth straight quarterly loss.

Reuters - Bank of America Corp , posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 billion in the quarter.

Reuters - Auto parts maker Johnson Controls Inc posted a wider-than-expected quarterly loss on Friday due to sharply lower production volumes and forecast a similar operating loss in the current quarter.

Citigroup capped a devastating 2008 by announcing Friday that it would split into two entities and that it had posted an $8.29 billion loss for the fourth quarter.

Hours after receiving another government lifeline, Bank of America announced gaping fourth- quarter losses on Friday.

Vikram Pandit, Citi?s chief executive, says more restructuring is coming.

Consumer prices advanced at their slowest pace in 50 years in 2008 as the weakening economy suppressed demand for cars, clothing, electronics and a host of goods and services.

Another sizable jump in digital sales failed to make up for a deepening decline in the compact disc market.

Shareholders vote against big bonus payments for three top directors at struggling Tyneside housebuilder Bellway.

Reuters - Stocks opened higher on Friday after Dow component Bank of America received a $20 billion government capital infusion, overshadowing news suggesting fallout from the credit crisis was far from over.

Reuters - Citigroup Inc , scrambling to survive losses triggered by the credit crunch, unveiled plans to split in two and shed troubled assets, and reported a quarterly loss of $8.29 billion.

BusinessWeek Online - Mortgage giant Freddie Mac said on Jan. 15 that rates on 30-year fixed-rate mortgages fell below 5% this week -- the lowest level since it began surveying lenders in 1971.

A relieved Wall Street advanced as investors focused on big banks? plans to fix their balance sheets and took in stride billion-dollar losses reported by Bank of America and Citigroup.

The long-embattled electronics retailer has become the latest in a growing line of retailers to shutter completely.

The European Commission threatened to review its entire relationship with Russia and Ukraine unless there is a breakthrough this weekend.

The San Francisco-based brokerage and investment manager narrowly beat analysts? earnings forecast, while its revenue was in line with Wall Street estimates.

Conservatives have argued that the law creating the Emergency Economic Stabilization Act violated principles that limit the amount of power available to the executive branch.

Rice prices could be about to rise sharply towards last year's levels, the International Rice Research Institute warns.

A Z$100tr, currently worth about US$30 is to be introduced in Zimbabwe, state media says.

Sir Philip Hampton, the chairman of Sainsbury, is to take over at the Royal Bank of Scotland, the BBC has learnt.

Reuters - Citigroup Inc plans to split into two units and Bank of America Corp took $20 billion in government aid after the two banks suffered huge quarterly losses from the devastating credit crisis.

Reuters - Stocks rose on Friday as rebounding oil prices led shares of energy companies, including Chevron Corp higher, tempering persistent worries about the health of the banking sector.

Reuters - Bankrupt retailer Circuit City Stores said on Friday it will liquidate its assets after it failed to reach a deal with creditors and lenders regarding a potential sale of the company.

The Treasury Department said that it would make the loan to Chrysler?s finance arm to help it make new car loans as part of a broader program to revive the domestic auto industry.

Wall Street opened the day with a 100-point bounce in the Dow as investors rallied around the latest government bailout for Bank of America. But by lunchtime, the gains were gone.

The troubled consumer electronics chain is the latest retailer to go out of business.

As the recession intensifies, more Americans are delaying doctor?s visits and medical treatments. What can you safely postpone, and what must be treated now?

Another sizable jump in digital sales failed to make up for a deepening decline in the compact disc market.

US electronics retailer Circuit City is to close after failing to reach a deal with its creditors, with the loss of 30,000 jobs.

Shares in major UK banks fall sharply amid fears that more financial institutions will need to be bailed out by the government.

Reuters - Stocks fell on Friday as news that Bank of America received a fresh $20 billion government capital injection sparked concerns that Washington's efforts are failing to stabilize the financial sector.

Reuters - The Treasury said on Friday it will lend Chrysler LLC's finance arm $1.5 billion to help it make new car loans as part of a broader program to revive the sputtering domestic auto industry.

The Motley Fool - Stashes of old, paid bills, expired life insurance policies, receipts for broken gadgets, and canceled checks for haircuts you got in college -- sound like your filing system?

Hours after receiving another government lifeline, Bank of America announced gaping fourth- quarter losses on Friday.

Stock markets swung between gains and losses as investors weighed the new capital injection for Bank of America.

The troubled consumer electronics chain is the latest retailer to go out of business.

What would happen to your finances if you lost your job tomorrow?

The Supreme Court agreed to consider whether states, or only the federal government, may investigate the lending practices of national banks.

The union?s executive director proposes a vote on the latest contract offer, not on authorizing a walkout.

Car rental firm Hertz cuts more than 4,000 jobs amid slowing demand as businesses and consumers cut back on travel.

Reuters - Stocks were little changed on Friday as energy shares gained and investors bet on defensive plays, including McDonald's , offsetting news pointing to yet more upheaval in the financial sector.

Reuters - The Treasury said on Friday it will lend Chrysler LLC's finance arm $1.5 billion to help it make new car loans as part of a broader aid program to revive the sputtering domestic auto industry.

Steven A. Ballmer, Microsoft?s chief executive, met in New York earlier this week with Roy Bostock, Yahoo?s chairman, according to a person briefed on the meeting.

The Treasury Department said that it would make the loan to Chrysler?s finance arm to help it make new car loans as part of a broader program to revive the domestic auto industry.

Stock markets closed slightly higher after swinging between gains and losses as investors weighed the new capital injection for Bank of America.

Among 43 countries with data available, only 3 had growth in exports for November.

Financial services group KPMG is to offer staff a chance to save their jobs by taking a sabbatical or reducing their hours.

Reuters - Stocks rose on Friday on strength in the energy sector and companies that hold up well in recessions, while reassuring comments from Britain's Barclays late in the day helped financials cut losses that had driven the market lower earlier.

The U.S. has frozen the assets of two Burmese businessmen and their companies for aiding the military junta in Myanmar.

The European Commission accuses Microsoft of limiting competition with its Internet Explorer web browser.

In a case linked to Bernard L. Madoff in 1992, the S.E.C. mistakenly took some explanations at face value.

Businesses like beauty salons and dog walkers are feeling the pinch as more Americans are becoming self-reliant.

A lawsuit filed in New York claims that Bernard L. Madoff forbade managers who gathered assets for him from mentioning his name.

Consumer prices advanced at their slowest pace in 50 years in 2008 as the weakening economy suppressed demand for cars, clothing, electronics and a host of goods and services.

Among 43 countries with data available, only 3 had growth in exports for November.

Kevin Kelly, chief executive of Heidrick & Struggles International, discusses the challenges of finding employment for Wall Street employees.

20th Century Fox emerged victorious in its effort to get Warner Brothers to recognize its ownership rights on the comic book movie.

The European Union ordered Microsoft to untie its browser from its operating system, enabling rival browser makers to compete fairly.

Any systemic solution to the endless bank bailouts has to deal with the bad assets, once and for all.

Reuters - Microsoft Corp Chief Executive Steve Ballmer and Yahoo Inc Chairman Roy Bostock met in New York this week, according to media reports.

Bank of America?s chairman came under fire from investors wanting to know why the bank did not notify them of Merrill?s losses in December.

Some of Boxee?s fans say the free software allows them to give up their costly cable or satellite TV connection.

The business of telling people what happened in the last week is just about gone, in favor of telling them how to think about the news.

Camps say they are hearing from a number of parents who are wondering if they will be able to afford the tuition.

Some lawmakers have argued that a delay would only exacerbate the confusion about the transition to digital TV.

The offshore tax havens may let large U.S. corporations evade or defer their tax bills, according to a government study.

Buying stocks of sound, blue-chip businesses and holding a lot in cash may be possible to do with a single transaction.

Germany warned Russia to abide by its contractual relations while the European Commission threatened to review its entire relationship with Russia and Ukraine.

The oil company citing a steep decline in oil and gas prices, said it would cut 4 percent of its work force.

The chip maker plans to cut 1,100 jobs, or 9 percent of its global staff, and reduce employees? pay.

Terra Industries Holdings said it would consider an unsolicited $2.1 billion takeover bid by its rival CF Industries Holdings.

Robert A. Iger received an 11 percent increase in total compensation in fiscal 2008, to $30.6 million.

The British bank said it expects next month to report pretax profit for the year ?well ahead? of analysts? estimates after its shares had plunged 25 percent.

The company will reduce costs as businesses and consumers slow travel because of the global recession.

Johnson Controls posted a $608 million quarterly loss, its first since 1992.

Any systemic solution to the government?s endless bank bailouts has to deal with the bad assets, once and for all.

The global economic crisis has cost Arab countries $2,500bn in the last four months alone, according to Kuwait's foreign minister.

Financial services group KPMG is to offer staff a chance to save their jobs by taking a sabbatical or reducing their hours.

Reuters - Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on financial institutions.

Reuters - William Dudley, who runs the markets desk at the Federal Reserve Bank of New York, is the likely front-runner to become next president of the bank, the Wall Street Journal reported on Friday.