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Reuters: Oddly Enough (10 unread)
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Alcoa to slash jobs and sell 4 units
Posted: January 6th, 2009, 4:44pm PST
Tags: topNews
NEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn. -
Egypt floats truce plan after 42 killed in Gaza school
Posted: January 6th, 2009, 4:39pm PST
Tags: topNews
GAZA (Reuters) - Israel and Hamas studied a proposal by Egypt for a ceasefire in the Gaza Strip on Wednesday that won immediate backing from the United States and Europe, hours after Israeli shells killed 42 Palestinians at a U.N. school. -
Lawyer says Madoff cooperating with probes
Posted: January 6th, 2009, 3:37pm PST
Tags: topNews
NEW YORK (Reuters) - Bernard Madoff is cooperating with government investigations into his alleged $50 billion fraud, one of his lawyers said on Tuesday, as prosecutors sought to revoke his bail and jail him. -
Alcoa to slash 13,500 jobs and cut production
Posted: January 6th, 2009, 2:31pm PST
Tags: topNews
NEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn. -
Gates projects Pentagon needs $70 billion more for wars
Posted: January 6th, 2009, 1:23pm PST
Tags: topNews
WASHINGTON (Reuters) - U.S. Defense Secretary Robert Gates estimates the Pentagon will need about $70 billion more to pay for the wars in Iraq and Afghanistan this year, on top of the $65.9 billion already approved by Congress. -
German tycoon Adolf Merckle commits suicide
Posted: January 6th, 2009, 11:11am PST
Tags: topNews
BLAUBEUREN, Germany (Reuters) - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday. -
Obama says expects deficit to approach $1 trillion
Posted: January 6th, 2009, 11:04am PST
Tags: topNews
WASHINGTON (Reuters) - President-elect Barack Obama said on Tuesday he expects to inherit a U.S. budget deficit approaching $1 trillion and his administration would have to make some tough budget choices. -
Treasury says TARP costs $26.55 million through January
Posted: January 6th, 2009, 10:11am PST
Tags: topNews
WASHINGTON (Reuters) - How much does it cost to spend $350 billion? -
Many in U.S. military don't get time to vote: study
Posted: January 6th, 2009, 10:02am PST
Tags: topNews
WASHINGTON (Reuters) - Many U.S. troops serving overseas are effectively excluded from voting because they are not given enough time to cast absentee ballots, according to a report released on Tuesday. -
Israeli tank fire kills 40 at U.N. school: medics
Posted: January 6th, 2009, 8:54am PST
Tags: topNews
GAZA (Reuters) - Israeli shelling killed more than 40 Palestinians on Tuesday at a U.N. school where civilians had taken shelter, medical officials said, in carnage likely to boost international pressure on Israel to halt a Gaza offensive.