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Dollar posts biggest loss in six weeks after data
January 8, 2010 – 11:00 pm
Dollar posts biggest loss in six weeks after data

The dollar suffered its biggest loss against a basket of six currencies in a month and a half on Friday after an unexpected drop in U.S. nonfarm payrolls dented expectations interest rates will rise any time soon.

Wall St hits new highs on recovery hopes
January 8, 2010 – 11:00 pm
Wall St hits new highs on recovery hopes

U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn’t interrupt a trend of steady economic recovery.

Bankruptcy fears hit Japan Air as government mulls aid
January 8, 2010 – 11:00 pm
Bankruptcy fears hit Japan Air as government mulls aid

Shares in Japan Airlines Corp tumbled on Friday as media reports and comments from government officials heightened fears Asia’s biggest carrier by revenue will file for bankruptcy as part of a state bailout.

Canwest looks to sell newspaper unit
January 8, 2010 – 11:00 pm
Canwest looks to sell newspaper unit

Canwest Global Communications Corp (CGS.V) said on Friday it has received an offer to buy its newspaper division and will seek others as Canada’s biggest media company put its publishing business under bankruptcy protection.

GM names firm to wind down Saab, says weighing bids
January 8, 2010 – 11:00 pm
GM names firm to wind down Saab, says weighing bids

General Motors named a restructuring firm to run the winding-down of Swedish carmaker Saab on Friday, even as it reviewed several bids which included an offer from Formula One supremo Bernie Ecclestone.

Tell Willie, 1-9
January 8, 2010 – 11:00 pm
Tell Willie, 1-9

Willie says:
Sandra Magee, a spokesperson for Duke Energy, wanted to help out my readers with some more information on a recent letter that discussed what to do about hazardous debris floating in lakes operated by Duke. Here’s what she wrote: “I am also following up on the Tell Willie from Dec. 24, 2009 regarding a large tree in the lake. We have not determined where the call came into Duke Energy. No one in our lake services or World of Energy staff took this call. For clarification and future inquiries here is some additional info. When someone sees a large piece of debris that could be a navigational or safety hazard in a Duke Energy operated lake, please contact Duke Energy’s lake services representatives at 1-800-443-5193. We will need to know specifically where the debris is located and a contact number we can call in case we have additional questions. Duke Energy works with a contractor to remove large pieces floating in the lake or pieces that appear to be in danger of floating away and becoming a navigational hazard. Normally, debris on the shoreline is the responsibility of the property owner. During the week of Dec. 21, the contractor did remove a 40-50 foot log from Lake Keowee.”

Kathleen Parker: In a blue state, red star
January 8, 2010 – 11:00 pm
Kathleen Parker: In a blue state, red star

The Jan. 19 special election to fill Ted Kennedy’s U.S. Senate seat is beginning to resemble the 2008 presidential election, when the “inevitable” Hillary Clinton was overtaken by a surprising phenomenon named Barack Obama.

Wholesale inventories, sales post strong Nov gains
January 8, 2010 – 11:00 pm
Wholesale inventories, sales post strong Nov gains

Inventories held by wholesalers posted an unexpectedly strong gain in November while sales shot up by the largest amount in 10 months.

Main Street to Wall Street: We don’t buy the rally
January 8, 2010 – 11:00 pm
Main Street to Wall Street: We don’t buy the rally

Edward Shook can’t resist a bull market.

Geithner called to explain evident AIG bailout secrecy
January 8, 2010 – 11:00 pm
Geithner called to explain evident AIG bailout secrecy

Treasury Secretary Timothy Geithner will face a congressional grilling later this month about the suppression of key details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York.