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Indian markets closed Thursday for holiday
AP - Trading on India's stock markets was closed Thursday to mark the Muslim month of Muharram.
China shares fall on HK selloff of bank stocks
AP - Chinese shares fell Thursday after a selloff of bank stocks in Hong Kong spread anxiety among investors.
Ill. sec. of state feels the heat in Burris flap
AP - Until recently, Illinois Secretary of State Jesse White may have been best known on the national stage for establishing an inner city tumbling team. No longer.
World stocks slide amid economic gloom
AP - European stock markets fell for the second consecutive day Thursday after earlier big Asian losses amid mounting concerns about the world economy and the financial health of businesses around the globe.
FTSE 100 down 44.16 at 4,463.35
AP - Share prices on the London Stock Exchange were lower Thursday.
European shares fall on global recession fears, job losses
AFP - European stocks slid on Thursday, after overnight losses on Wall Street and then in Asia, as recessionary pressures and mounting job losses overshadowed an upcoming British interest rate call, dealers said.
New Nasdaq index to track bailed-out companies
Reuters - Nasdaq OMX is launching a new index to track the performance of companies that receive funds under U.S. government bailout efforts.
World stocks tumble on Wal-Mart profit warning
AP - European stock markets extended losses Thursday on predictions Wall Street will open sharply lower following profit warnings from Wal-Mart Stores Inc., the world's biggest retailer, and department stores chain Macy's Inc.
Pension Losses Will Devour Corporate Earnings
BusinessWeek Online - Pension plan losses are about to knock out $70 billion of corporate earnings, according to a report by consulting firm Mercer. Huge investment losses have left the funds of the Standard & Poor's 1500 some $409 billion in the red, the firm estimates in a report released Jan. 7. More than fully funded a year ago, these plans have suffered their most precipitous one-year drop in at least two decades, with the average fund now holding enough assets to cover just 75% of promised retirement payouts.
Stocks trade mixed as jitters about retail return
AP - Wall Street's worries about weak consumer spending revived Thursday, sending stocks lower as bad news from Wal-Mart Stores Inc. signaled that even the stronger U.S. retailers struggled during the holiday shopping season.
SEC accuses man of $50 million Ponzi scheme
Reuters - Securities and futures regulators charged a Philadelphia-area fund manager with operating a $50 million Ponzi scheme, where he paid off earlier investors with money from later investors, officials said on Thursday.
World stocks slide amid US retailing fears
AP - World stock markets fell Thursday on mounting concerns about global economic growth as leading U.S. retailers revealed they are feeling the pinch.
Stocks decline as jitters about consumers revive
AP - A profit warning from Wal-Mart Thursday touched off fresh worries about consumers' willingness to spend and sent stocks lower for a second session. The Dow Jones industrial average fell 100 points.
SEC reopens insider-trading probe of hedge fund
AP - The Securities and Exchange Commission has reopened its investigation of possible insider trading involving a major hedge fund, a case closed two years ago that prompted scrutiny by Congress and the agency's internal watchdog.
London stocks steady despite rate cut
AFP - The FTSE 100 index showed little reaction to a widely predicted 0.5 percentage point cut in the Bank of England's key interest rate Thursday, despite the move seeing the rate fall to its lowest-ever level of 1.5 percent.
Obama plan helps lift some stock market gloom
AP - European stock markets recovered some earlier losses Thursday after President-elect Barack Obama made an urgent pitch to Congress to back his plan to resuscitate the U.S. economy, but Wall Street remained under pressure from dismal retailing news.
London's FTSE 100 index down 2.14 at 4,505.37
AP - Share prices on the London Stock Exchange closed lower Thursday.
Macy's to close 11 stores, cuts forecast
Reuters - Macy's Inc said on Thursday it will close 11 stores that are performing badly in the recession as it also cut its quarterly profit and sales forecasts due to steep markdowns during the holiday season.
Stocks mixed as jitters about consumers revive
AP - A profit warning from Wal-Mart Thursday touched off fresh worries about consumers' willingness to spend, and stocks fluctuated after an early sharp decline.
Stocks end mostly higher after mortgage deal
AP - A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an effort to prevent home from going into foreclosure. Other lenders are expected to follow suit.
SEC needs to merge with CFTC: Nasdaq CEO
Reuters - The chief executive of Nasdaq OMX pushed for a merger of U.S. securities and futures regulators, saying it was incomprehensible that they both monitored the same products.
Nasdaq CEO sees market role in financial crisis
AP - The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the head of the Nasdaq stock market said Thursday.
Elissalde looks for victorious rugby return against Dax
AFP - France scrum-half Jean-Baptiste Elissalde will return to action for Toulouse on Friday after being out for over a month and will be hoping it is a winning one against Dax in their Top 14 clash.
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