Thousands of stores to disappear in ‘09 - CNN Money
NEW YORK (CNNMoney.com) — The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings. And, with thousands of

And the winner is: banking? - Seattle Times
Although the damage from Wall Street’s 2008 crash was virtually inescapable for anyone owning stocks, some companies, albeit very few, made it through with gains. Perhaps the most surprising winners come in an unlikely industry: banking. The Standard

Better Than a Bailout - Reason.com
What should the federal government have done in lieu of the $700 billion bailout signed into law by President George W. Bush? Here are four common-sense steps that don’t involve the partial nationalization of the finance industry: 1) Raise the

Bank hires 2 in mortgage, business growth areas - Poughkeepsie Journal
Mahopac National Bank has hired two women with a combined 40 years of banking experience to coordinate its residential mortgage and business development efforts. Kathy Lee Scannello of Warwick was named vice president/residential lending manager, and

Credit is the key to 2009 - The Age
“CREDIT, the disposition of one man to trust another, is singularly varying,” Walter Bagehot, the financial journalist, wrote 135 years ago. “In England, after a great calamity, everybody is suspicious of everybody; as soon as that calamity is

UPDATE 4-CS sells funds units to Aberdeen for $360 million - Finanz Nachrichten
LONDON, Dec 31 (Reuters) - Credit Suisse ( News / Aktienkurs ) will sell a sizeable chunk of its fund management arm it considers as subscale to Aberdeen Asset Management at a loss, making Aberdeen the largest listed UK fund company. In the all-share

Stocks in India Rise as Inflation Slows; Sensex Advances to Two-Week - Bloomberg
Jan. 1 (Bloomberg) — Indian stocks rose, with the Sensitive Index climbing to its highest in two weeks, after the nation’s inflation rate fell to the lowest since early March, giving the central bank scope to cut interest rates further. Commodity

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