Obama to propose stimulus up to $775 billion: report

Date: Thu, 18 Dec 2008 17:01:45 -0500

Obama to propose stimulus up to $775 billion: report

The president-elect plans to propose a stimulus package of up to $775
billion over two years, news reports say.

RIM EARNINGS CLIMB AS FORECAST BEATS ESTIMATES

Research In Motion sees earnings climb 7% in its fiscal third quarter
as the BlackBerry maker issued a forecast for the current period that
came in above
Wall Street's estimates.

MADOFF'S RISE FUELED BY LEVERAGE, CONTROVERSIAL FEES

Bernard Madoff, the alleged perpetrator of what
could be the largest Ponzi scheme in history, relied on a network of
leverage providers and controversial fee arrangements built up over
more than a decade to feed his operation.

FUTURES MOVERS: OIL FUTURES TUMBLE 10% TO END BELOW $37 A BARREL

Crude touches lowest level in at least four years, underscoring the
market's preoccupation with a sharp slowdown in oil demand.
VETERAN REGULATOR MARY SCHAPIRO TAPPED TO LEAD SEC

The president-elect makes two major picks to head key regulatory
agencies, and calls for significant changes to the
financial-regulatory system in the wake of the credit and economic
crisis.

PAY RAISES IN 2009 WILL BE MEASLIEST IN 32 YEARS, SURVEY FINDS

Thanks in large part to the hit companies are taking from the current
financial crisis, millions of U.S. workers will find their 2009 pay
raises are less than
3%, the lowest average in 32 years.