http://online.wsj.com/public/us The latest news from the Wall Street Journal Roosster RSS Generator Copyright (c) 2004 roosster.com Tue, 06 Jan 2009 05:15:46 GMT 30 http://www.roosster.com/nr/l/5090086/High+Tech+Companies+Take+Up+Netbooks A new breed of low-priced laptops called netbooks have been thriving during the downturn. Many high-tech companies are now scrambling to adapt. Tue, 06 Jan 2009 05:04:46 GMT http://www.roosster.com/nr/l/5090086/High+Tech+Companies+Take+Up+Netbooks http://www.roosster.com/nr/l/5090087/Nasdaq+Opens+Derivatives+Clearinghouse Nasdaq launched its clearinghouse for interest-rate-swap futures, aiming to sell equity stakes in the new market. Tue, 06 Jan 2009 05:01:17 GMT http://www.roosster.com/nr/l/5090087/Nasdaq+Opens+Derivatives+Clearinghouse http://www.roosster.com/nr/l/5089877/Japanese+Firms+Flush+Cash+Step+Up+Deals Japan's cash-rich trading companies are on the hunt for bargain acquisitions outside Japan, seizing the opportunity to expand. Tue, 06 Jan 2009 03:04:39 GMT http://www.roosster.com/nr/l/5089877/Japanese+Firms+Flush+Cash+Step+Up+Deals http://www.roosster.com/nr/l/5089876/Frugal+Families+Aggravate+Nation's+Economic+Woes As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end. Tue, 06 Jan 2009 02:55:56 GMT http://www.roosster.com/nr/l/5089876/Frugal+Families+Aggravate+Nation's+Economic+Woes http://www.roosster.com/nr/l/5089778/A+Happy+Lesson+on+Lending Lending may have plunged in the last year, but the government is expanding credit in at least one sector: higher education. Tue, 06 Jan 2009 01:58:51 GMT http://www.roosster.com/nr/l/5089778/A+Happy+Lesson+on+Lending http://www.roosster.com/nr/l/5089779/Citgo+Stops+U.S+Oil+Gifts Venezuela-owned Citgo suspended contributions of home heating oil to U.S. poor, a sign that falling oil prices may hamstring Ch vez. Tue, 06 Jan 2009 01:47:28 GMT http://www.roosster.com/nr/l/5089779/Citgo+Stops+U.S+Oil+Gifts http://www.roosster.com/nr/l/5089681/Prosecutors+Seek+Detention+of+Madoff Prosecutors asked that Madoff be detained after he and his wife sent watches, jewelry and other heirlooms to his brother, his sons and a couple in Florida. Tue, 06 Jan 2009 01:08:25 GMT http://www.roosster.com/nr/l/5089681/Prosecutors+Seek+Detention+of+Madoff http://www.roosster.com/nr/l/5089678/Mexican+Stock+Gains+Hinge+on+U.S+ Mexico's stock market faces a tough slog as the U.S. recession promises to hurt. Tue, 06 Jan 2009 01:05:21 GMT http://www.roosster.com/nr/l/5089678/Mexican+Stock+Gains+Hinge+on+U.S+ http://www.roosster.com/nr/l/5089680/Repo+Arena+Gets+a+Plan+on+Penalties An advisory group recommended a timeline for imposing penalties on those who borrow Treasury securities and fail to return them. Tue, 06 Jan 2009 01:02:29 GMT http://www.roosster.com/nr/l/5089680/Repo+Arena+Gets+a+Plan+on+Penalties http://www.roosster.com/nr/l/5089677/JD+Capital+to+Close+Fund JD Capital is winding down its once-$1.3 billion multistrategy hedge fund after big losses in 2008. Tue, 06 Jan 2009 01:02:29 GMT http://www.roosster.com/nr/l/5089677/JD+Capital+to+Close+Fund http://www.roosster.com/nr/l/5089674/Obama+Works+to+Sell+Stimulus+Plan Obama met with lawmakers to begin selling his stimulus plan as his advisers offered more details, including a proposal to expand the child tax credit for poor families. Tue, 06 Jan 2009 00:42:00 GMT http://www.roosster.com/nr/l/5089674/Obama+Works+to+Sell+Stimulus+Plan http://www.roosster.com/nr/l/5089675/CME+Reports+Dropoff+in+Futures+Trading CME Group reported that volume slid in December, increasing on the year but at the slowest pace since '99. Tue, 06 Jan 2009 00:39:59 GMT http://www.roosster.com/nr/l/5089675/CME+Reports+Dropoff+in+Futures+Trading http://www.roosster.com/nr/l/5089676/U.K+Plans+to+End+Ban+on+Shorting The U.K. plans to end its ban on short sales of financial stocks but said it would continue to ask hedge funds to disclose such positions. Tue, 06 Jan 2009 00:33:53 GMT http://www.roosster.com/nr/l/5089676/U.K+Plans+to+End+Ban+on+Shorting http://www.roosster.com/nr/l/5089780/German+Leaders+Agree+to+Stimulus Germany's ruling coalition agreed to the broad outlines of a fiscal-stimulus program valued at as much as $69 billion this year and next. Tue, 06 Jan 2009 00:26:41 GMT http://www.roosster.com/nr/l/5089780/German+Leaders+Agree+to+Stimulus http://www.roosster.com/nr/l/5089679/Smart+Money+Moves+Back+Into+Energy A pair of deals by investor George Kaiser may signal smart money's return, albeit cautiously, to energy firms. Tue, 06 Jan 2009 00:14:56 GMT http://www.roosster.com/nr/l/5089679/Smart+Money+Moves+Back+Into+Energy http://www.roosster.com/nr/l/5089515/Microsoft's+Muglia+Makes+Comeback Microsoft promoted Bob Muglia to president of the company's server and tools business, making him one of four divisional presidents. Tue, 06 Jan 2009 00:04:15 GMT http://www.roosster.com/nr/l/5089515/Microsoft's+Muglia+Makes+Comeback http://www.roosster.com/nr/l/5089513/Outlook+Shifts+on+U.K+Economic+Recovery The U.K. government has quashed what little optimism was left in its outlook for 2009, saying previous predictions that the economy will start to recover in the second half look doubtful. Mon, 05 Jan 2009 23:31:55 GMT http://www.roosster.com/nr/l/5089513/Outlook+Shifts+on+U.K+Economic+Recovery http://www.roosster.com/nr/l/5089514/McCann+to+Leave+Bank+of+America Bob McCann, the head of the brokerage force at Merrill Lynch, plans to leave just days after its acquisition by Bank of America was completed. Mon, 05 Jan 2009 23:06:30 GMT http://www.roosster.com/nr/l/5089514/McCann+to+Leave+Bank+of+America http://www.roosster.com/nr/l/5089342/LDK+Cuts+Revenue+Expectations LDK Solar drastically cut its expectations for the fourth quarter, citing lower demand as customers delayed shipment requests and a decrease in overall wafer shipments. Mon, 05 Jan 2009 22:07:27 GMT http://www.roosster.com/nr/l/5089342/LDK+Cuts+Revenue+Expectations http://www.roosster.com/nr/l/5089167/Bennett+to+Leave+Washington+Post Philip Bennett will leave the Washington Post after four years as its second-ranking editor, the latest development in the continuing restructuring of the newspaper. Mon, 05 Jan 2009 21:52:36 GMT http://www.roosster.com/nr/l/5089167/Bennett+to+Leave+Washington+Post http://www.roosster.com/nr/l/5089166/Construction+Falls+Less+Than+Expected Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. Mon, 05 Jan 2009 21:51:06 GMT http://www.roosster.com/nr/l/5089166/Construction+Falls+Less+Than+Expected http://www.roosster.com/nr/l/5089165/Meg+Whitman+Mulls+California+Run Meg Whitman stepped down from the boards of P&G, eBay and Dreamworks Animation effective Dec. 31. The move is another signal the former eBay chief is seriously considering a run for governor. Mon, 05 Jan 2009 21:47:42 GMT http://www.roosster.com/nr/l/5089165/Meg+Whitman+Mulls+California+Run http://www.roosster.com/nr/l/5089024/Putin+Cuts+EU+Gas+Deliveries Escalating Russia's gas dispute with Ukraine, Prime Minister Vladimir Putin ordered cuts in deliveries of gas for transit to the European Union, to account for quantities Moscow accuses Ukraine of stealing. Mon, 05 Jan 2009 20:51:12 GMT http://www.roosster.com/nr/l/5089024/Putin+Cuts+EU+Gas+Deliveries http://www.roosster.com/nr/l/5089025/Panetta+Tapped+for+CIA+Director Obama picked Leon Panetta, a former chief of staff under Clinton, to run the CIA. Panetta was a surprise pick with no experience in the intelligence world. Mon, 05 Jan 2009 20:48:21 GMT http://www.roosster.com/nr/l/5089025/Panetta+Tapped+for+CIA+Director http://www.roosster.com/nr/l/5088907/Madoff+Case+Sign+of+More+Problems The SEC's top watchdog said the regulatory system "failed miserably" in the Madoff case and called for a major agency overhaul, during a House hearing. Mon, 05 Jan 2009 20:07:04 GMT http://www.roosster.com/nr/l/5088907/Madoff+Case+Sign+of+More+Problems http://www.roosster.com/nr/l/5088730/U.S+Auto+Sales+Continue+to+Skid Ford, Toyota and Honda all reported U.S. sales declines of more than 30% for December, capping off a dismal year for the auto industry. Other car makers will report later in the day. Mon, 05 Jan 2009 18:47:34 GMT http://www.roosster.com/nr/l/5088730/U.S+Auto+Sales+Continue+to+Skid http://www.roosster.com/nr/l/5088202/Tyson+Foods'+CEO+Resigns Tyson Foods chief Dick Bond is leaving the meat processor amid troubles in the poultry industry. Former CEO Leland Tollett will return on an interim basis. Mon, 05 Jan 2009 16:07:15 GMT http://www.roosster.com/nr/l/5088202/Tyson+Foods'+CEO+Resigns http://www.roosster.com/nr/l/5088201/Chesapeake+Sells+More+Assets Chesapeake Energy sold natural-gas reserves in two Oklahoma fields to Argonaut Private Equity for $412 million, as the company continues to shed assets to boost cash levels. Mon, 05 Jan 2009 15:13:30 GMT http://www.roosster.com/nr/l/5088201/Chesapeake+Sells+More+Assets http://www.roosster.com/nr/l/5087989/Stocks+Slip+Ahead+of+Auto+Data Stocks edged lower Monday after a three-day rally and ahead of data that is likely to show another month of slumping auto sales. Mon, 05 Jan 2009 14:44:08 GMT http://www.roosster.com/nr/l/5087989/Stocks+Slip+Ahead+of+Auto+Data http://www.roosster.com/nr/l/5087990/Steve+Jobs+Has+Hormone+Imbalance Steve Jobs said he has a hormone imbalance that is causing him to lose weight. The health of Apple's founder has been the subject of widespread speculation. Mon, 05 Jan 2009 14:32:00 GMT http://www.roosster.com/nr/l/5087990/Steve+Jobs+Has+Hormone+Imbalance http://www.roosster.com/nr/l/5087988/Borders+Overhauls+Managment Borders appointed a new chief executive, as the books and media retailer struggles with slumping sales and an anemic share price. Mon, 05 Jan 2009 14:18:24 GMT http://www.roosster.com/nr/l/5087988/Borders+Overhauls+Managment http://www.roosster.com/nr/l/5087625/Israeli+Troops+Hold+Positions+in+Gaza Israeli planes and ships pounded targets in the Gaza Strip, as tanks and troops appeared to hold onto positions they took up in a weekend ground assault. Mon, 05 Jan 2009 12:36:00 GMT http://www.roosster.com/nr/l/5087625/Israeli+Troops+Hold+Positions+in+Gaza http://www.roosster.com/nr/l/5087432/Japan+Auto+Sales+Hit+34+Year+Low Japan's domestic auto sales fell last year to their lowest level since the mid-1970s as recession squashed already weak consumer demand. Mon, 05 Jan 2009 10:14:10 GMT http://www.roosster.com/nr/l/5087432/Japan+Auto+Sales+Hit+34+Year+Low http://www.roosster.com/nr/l/5086802/Animators+Envision+3+D+TV+ Companies are making an ardent push to deliver 3-D versions of television shows, movies and videogames to the living room. Mon, 05 Jan 2009 05:13:47 GMT http://www.roosster.com/nr/l/5086802/Animators+Envision+3+D+TV+ http://www.roosster.com/nr/l/5086803/Madoff+Chasers+Dug+for+Years+to+No+Avail Madoff's firm was examined at least eight times in 16 years by various agencies, who never came close to uncovering his alleged scheme. The regulatory failures will be on display Monday at a congressional hearing. Mon, 05 Jan 2009 05:13:27 GMT http://www.roosster.com/nr/l/5086803/Madoff+Chasers+Dug+for+Years+to+No+Avail http://www.roosster.com/nr/l/5086800/Pellegrini+to+Leave+Paulson+Co+to+Start+Own+Fund Paolo Pellegrini has resigned from hedge-fund firm Paulson & Co. and is expected to start his own hedge fund. Mon, 05 Jan 2009 05:10:42 GMT http://www.roosster.com/nr/l/5086800/Pellegrini+to+Leave+Paulson+Co+to+Start+Own+Fund http://www.roosster.com/nr/l/5086801/Renaissance+Waives+Fees+on+Fund A Renaissance hedge fund will waive management fees this year following a poor performance in 2008. Mon, 05 Jan 2009 05:00:40 GMT http://www.roosster.com/nr/l/5086801/Renaissance+Waives+Fees+on+Fund http://www.roosster.com/nr/l/5089026/Consumers+to+Pare+High+Tech+Purchases More than half of U.S. consumers plan to cut back on purchases of high-tech products this year, according to a survey. Mon, 05 Jan 2009 05:00:11 GMT http://www.roosster.com/nr/l/5089026/Consumers+to+Pare+High+Tech+Purchases http://www.roosster.com/nr/l/5086682/Wall+Streeters+Flock+to+IndyMac A lot of Wall Street's "smartest money" has invested in the latest iteration of IndyMac Bank. Mon, 05 Jan 2009 03:46:17 GMT http://www.roosster.com/nr/l/5086682/Wall+Streeters+Flock+to+IndyMac http://www.roosster.com/nr/l/5086537/U.S+Retailers+to+Report+Grim+Results When U.S. retailers report December sales Thursday, the reports will likely confirm that the 2008 holiday season was the worst for retailers in decades. Mon, 05 Jan 2009 02:15:42 GMT http://www.roosster.com/nr/l/5086537/U.S+Retailers+to+Report+Grim+Results http://www.roosster.com/nr/l/5086538/Merkel's+Stimulus+Plans+Await+Tax+Cut+Decision Merkel's bid to shield Germany from the global downturn is being complicated by a rift over tax cuts within the chancellor's ruling coalition. Mon, 05 Jan 2009 01:53:25 GMT http://www.roosster.com/nr/l/5086538/Merkel's+Stimulus+Plans+Await+Tax+Cut+Decision http://www.roosster.com/nr/l/5086536/Housing+Push+for+Hispanics+Spawns+Wave+of+Foreclosures A push by lenders, lawmakers and advocacy groups to increase homeownership among Latinos resulted in a huge increase in nonprime lending. Now, many Hispanics find themselves mired in the national housing mess. Mon, 05 Jan 2009 01:40:08 GMT http://www.roosster.com/nr/l/5086536/Housing+Push+for+Hispanics+Spawns+Wave+of+Foreclosures http://www.roosster.com/nr/l/5086439/Twin+Risks+for+Treasurys+in+Year+Ahead Treasury debt offerings are set to surge even as investors may start to prefer better yields. Mon, 05 Jan 2009 01:07:56 GMT http://www.roosster.com/nr/l/5086439/Twin+Risks+for+Treasurys+in+Year+Ahead http://www.roosster.com/nr/l/5086436/China's+Bonds+Point+to+Recovery China expects to issue record amounts of domestic debt in 2009 to keep the economy from slowing too much. Mon, 05 Jan 2009 00:57:04 GMT http://www.roosster.com/nr/l/5086436/China's+Bonds+Point+to+Recovery http://www.roosster.com/nr/l/5086435/Some+Airlines+Fight+Proposals+on+Crew+Rest Continental and American Airlines have filed a joint lawsuit opposing enhanced crew-rest and other safety requirements imposed by U.S. regulators. Mon, 05 Jan 2009 00:46:09 GMT http://www.roosster.com/nr/l/5086435/Some+Airlines+Fight+Proposals+on+Crew+Rest http://www.roosster.com/nr/l/5086437/Europe's+Woes+to+Aid+Dollar The dollar is likely to weaken this week following expected disappointing U.S. economic data. Mon, 05 Jan 2009 00:45:21 GMT http://www.roosster.com/nr/l/5086437/Europe's+Woes+to+Aid+Dollar http://www.roosster.com/nr/l/5086438/As+IPOs+Dry+Up+So+Do+Fees The number of initial public offerings fell 87% in 2008 and no deals are on the immediate horizon. Mon, 05 Jan 2009 00:44:24 GMT http://www.roosster.com/nr/l/5086438/As+IPOs+Dry+Up+So+Do+Fees http://www.roosster.com/nr/l/5086440/Europeans+Raise+Pressure+on+Detroit Volkswagen and BMW are gearing up to expand their share of the U.S. auto market. VW expects to triple U.S. sales by 2018. Mon, 05 Jan 2009 00:28:38 GMT http://www.roosster.com/nr/l/5086440/Europeans+Raise+Pressure+on+Detroit http://www.roosster.com/nr/l/5086339/Obama+Eyes+Billion+Tax+Cut Obama is considering as much as $310 billion of tax cuts to individuals and businesses, a move aimed at attracting Republican support for a stimulus package. Mon, 05 Jan 2009 00:10:08 GMT http://www.roosster.com/nr/l/5086339/Obama+Eyes+Billion+Tax+Cut http://www.roosster.com/nr/l/5086338/General+Growth+Switches+Its+Counsel General Growth changed its bankruptcy counsel to Weil Gotshal, parting with Sidley Austin. Mon, 05 Jan 2009 00:08:34 GMT http://www.roosster.com/nr/l/5086338/General+Growth+Switches+Its+Counsel