New home sales plunge 10.2% to record low

Date: Thu, 26 Feb 2009 12:01:23 -0500

New home sales plunge 10.2% to record low

Despite a record drop in prices, sales of new homes fall 10.2% in
January to a record-low seasonally adjusted annual rate of 309,000,
the Commerce Department estimates.

RBS UNVEILS $34 BILLION LOSS, SECURES ASSET INSURANCE DEAL

Royal Bank of Scotland agrees to let the U.K. government insure 325
billion pounds ($462 billion) of its assets as the bank unveils a
record annual loss for a British company: 24.1 billion pounds in 2008.
Shares rally in London on investor relief that the red ink wasn't
worse.

GM LOSES $9.6 BILLION IN FOURTH QUARTER

General Motors Corp. posts another massive loss in the fourth quarter,
burning through $6.2 billion in cash as the auto maker continues its
push for more funding from the federal government.

LESSONS LEARNED KEEP AIRLINES SAFE DESPITE RECENT HEADLINES

After two years of a nearly flawless safety record, airlines are again
under the microscope following a rash of accidents that have left 59
people dead.