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January 11, 2010

18:34

Reuters - New York's attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry's role in the near-collapse of the financial system and recession.


18:17
AP - A look at economic developments and activity in major stock markets around the world Monday:
18:13

AP - Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.


16:56

Reuters - U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.


16:41
AP - Booming oil activity in western North Dakota in recent years has boosted the state's economy. But it might be to blame for the introduction of an invasive weed that can poison livestock and wildlife.
15:50
AP - South Carolina legislators will take up a rebuke of Gov. Mark Sanford and try to quickly turn to issues tied to recession-wrecked state finances, new lawsuit limits and property tax breaks.
15:39
AP - Alabama legislators are divided and many are undecided about a proposed plan to allow state agencies to give employees unpaid leave to avoid layoffs during tough economic times.
14:29
AP - On the surface, economic stress in some of the Sun Belt's hardest-hit counties appeared to ease in November. But beneath some positive numbers is a region struggling to rebound from the damage of the housing crisis and recession, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
14:16

Reuters - Chinese leaders have pledged to increase investment in Tibet this year while keeping the restive region's Buddhist monks on a tight leash, state media have reported, in an effort to use economic growth to quell dissatisfaction.


13:38

Reuters - General Motors Co could post a profit in 2010 if the U.S. industry stages modest recovery but remains subject to the risk that the improving trend in the U.S. economy is reversed, the automaker's vice chairman, Bob Lutz, said on Monday.


12:41
AP - The effect of the recession on Wisconsin's agriculture community will be examined at a forum open to the public in Madison on Jan. 20.
11:48

AFP - European stock markets rallied Monday, with London hitting the highest level since September 2008 when the collapse of US investment bank Lehman Brothers signalled the start of the economic crisis.


11:42
AP - Here are the 20 most economically stressed counties with populations over 25,000 and their November 2009 Stress scores, according to The Associated Press Economic Stress Index:
10:12
Reuters - Chinese bank lending surged in the first week of 2010, industry sources said on Monday, adding to the concerns fueled by blockbuster trade data for December that the world's third-largest economy is overheating.
05:01

Bloomberg - Jan. 11 (Bloomberg) -- The Federal Reserve will ask a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.


05:00
Bloomberg - Jan. 11 (Bloomberg) -- The government may need to continue “targeted” programs to stimulate the U.S. economy even as growth over the first half of this year likely will be enough to create jobs, President Barack Obama’s chief economist said.
05:00
Bloomberg - Jan. 11 (Bloomberg) -- Treasury Secretary Timothy Geithner retains the confidence of President Barack Obama as he faces questions about why the Federal Reserve Bank of New York tried to withhold details of the government’s financial-industry rescue, administration officials said.
04:48

AP - Electric, hybrid and small cars will grab center stage at the Detroit auto show this week, as the industry adapts to a world reshaped by the Great Recession and environmental worries.


04:44
Reuters - A U.S. lawmaker said on Sunday he is seeking more information from the New York Federal Reserve Bank about its controversial emails on insurer AIG's bailout, saying he was shocked that the disclosures were never brought to then-bank president Timothy Geithner's attention.
02:09
Reuters - Chinese banks made about 600 billion yuan ($88 billion) in new loans in the first week of 2010, the Economic Information Daily reported on Monday.
  
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