Carnage continues with 524,000 jobs lost in December

Date: Fri, 09 Jan 2009 12:01:02 -0500

Carnage continues with 524,000 jobs lost in December

The U.S. economy lost 524,000 jobs in December, closing out the worst
year for job losses since World War II, the Labor Department says.

RECESSION TO DEEPEN IN FIRST HALF: BOSTON FED CHIEF

The U.S. economic recession is set to deepen in the first half of the
year, but could begin to show signs of improvement later in the year,
Boston Federal Reserve Bank President Eric Rosengren said in a speech
late Thursday.

LEHMAN TO SPIN OUT PRIVATE EQUITY ARM -- WSJ

The private-equity arm of failed Wall Street brokerage Lehman Brothers
has reached a deal to be spun out as an independent entity, according
to a media report Thursday.

SATYAM SLUMPS AGAIN AS INVESTORS DUMP SHARES

Shares of Satyam Computer Services plunged for a second straight
session Fridayas worried investors dumped stocks in the wake of
reports that the software giant may be strapped for cash and some
clients are reviewing contracts.