N.Y. Times, Mexican telecom exec Slim talk investment: Journal

Date: Mon, 19 Jan 2009 12:01:17 -0500
N.Y. Times, Mexican telecom exec Slim talk investment: Journal

New York Times Co. is in talks under which the Mexican
telecommunications investor Carlos Slim would invest in the publisher,
possibly through an issue of preferred stock, people familiar with the
matter told The Wall Street
Journal.

RICHEMONT POSTS 7% DROP IN QUARTERLY SALES; SEES NO RECOVERY

Compagnie Financiere Richemont SA, the world's largest jewelry group,
reports a 7% drop in third-quarter sales and says current market
conditions are the toughest it's seen since its creation 20 years ago.

LONDON MARKETS: U.K. BANKS SLAMMED IN LONDON; RBS SHARES PLUNGE 63%

London shares slammed as Royal Bank of Scotland stocks fall over 60%.

IRWIN KELLNER: OBAMA SHOULD ENCOURAGE SPENDING IN SPEECH

When it comes to the economy, Barack Obama should use his inaugural
address to set the stage for some bold initiatives. To be successful,
he must walk the line between not mincing words on how bad the economy
is, and being so pessimistic that he talks the financial markets into
another swoon.