Bank of America's dividend cut one of many facing investors

Date: Fri, 16 Jan 2009 17:01:34 -0500

Bank of America's dividend cut one of many facing investors

The financial companies behind much of the trauma clobbering the
broader markethave S&P 500 investors in 2009 facing the worst picture
for dividends in at least half a century.

2008 FOOD INFLATION HIGHEST SINCE 1980, WITH MORE HIKES ON WAY

Grocery-store food prices jumped 6.6% in 2008, the largest annual
spike since 1980, the Labor Department said Friday.

CIRCUIT CITY TO LIQUIDATE, ADDING TO U.S. JOB LOSSES

After failing to secure financing from creditors and lenders, bankrupt
electronics vendor Circuit City will liquidate, joining the list of
retailer like Linens 'n Things that are closing up shop due to the
economic downturn.

CITI TO OPERATE TWO UNITS, SPLIT BANK FROM TOXIC ASSETS

Citigroup is realigning into two businesses, in effect reverting back
to its operations before Sandy Weill and his team turned the company
into a "financial supermarket" over the last decade.

TREASURY PUTS OUT BAILOUT CEO PAY PACKAGE RULES

Treasury puts out bailout CEO pay package rules.