A slew of bad economic data is expected to keep emerging-market investors at bay this week, unless governments come to the rescue with additional stimulus packages to jolt the global economy out of recession.
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- 30 Stimulus hopes versus bad data (Reuters)
- 30 Ukraine: Russia not pumping enough gas for EU transit (at Reuters)
- 21 China targets big websites in Internet crackdown (at Reuters)
- 16 European shares rise in early trade; oils surge (at Reuters)
- 16 Multiband Corporation Completes Acquisition of 80% Ownership Of DirecTECH Operating Subsidiaries (Business Wire)
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Stimulus hopes versus bad data (Reuters)
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U.S. steel industry urges "buy America" recovery plan (Reuters)
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The ailing U.S. steel industry is pressing President-elect Barack Obama for a public works plan that could be worth $1 trillion over two years to boost flagging demand for U.S.-made steel, the New York Times reported in Friday's editions.
Read more »Making Something From Nothing
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GMAC Announces Consummation of Its Notes Exchange Offers (PR Newswire)
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GMAC Financial Services today announced that it has consummated its separate private exchange offers and cash tender offers to purchase and/or exchange certain of its and its subsidiaries' and Residential Capital, LLC's outstanding notes specified in the tables below .
Read more »Atmel Completes Sale of Manufacturing Operation in Heilbronn, Germany (PR Newswire)
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Atmel® Corporation today announced that it has completed the previously announced sale of the Company's wafer fabrication operation in Heilbronn, Germany to Tejas Silicon Holdings Limited ("TSH"), enabling Atmel to achieve its goal of reducing the number of its manufacturing facilities from five to two in 2008.
Read more »GM offers 0 pct financing in big sales push
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NEW YORK -- General Motors Corp. said Tuesday it will offer financing as low as zero percent over the next week for several 2008 and 2009 models as the automaker makes a big year-end sales push.
Read more »Blago Threatens To Appoint Roland Burris To Senate
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Digraced Illinois governor Rod Blagojevich is planning on appointing Roland Burris to fill the Senate seat vacated by president elect Barack Obama. It's a daring, almost mind blowing move for Blago, who was accused of being one of the most corrupt people on earth by federal prosecutors.
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Three-Month Merrill Employee Peter Kraus Buys $37 Million Apartment
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From The Business Sheet: It's a good thing he's got that $25 million bonus to fall back on.
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