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- World stocks up for 10th day
(Reuters)
 Reuters - Global stocks rose on Wednesday, extending a rally into a 10th straight day, inspired by hopes massive U.S. government spending and tax cuts will continue to support the dollar and stimulate demand for exports.
- GM says government loans cover worst scenario: report
(Reuters)
 Reuters - General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.
- Alcoa to slash jobs and sell 4 units
(Reuters)
 Reuters - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
- Bank of America sells $2.8 billion China bank stake
(Reuters)
 Reuters - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) on Wednesday, dragging the Chinese bank's stock 6 percent lower.
- U.S. budget deficit seen topping $1 trillion in 2009
(Reuters)
 Reuters - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
- SEC names James Kroeker acting chief accountant
(AP)
AP - James Kroeker has been promoted to acting chief accountant at the Securities and Exchange Commission to replace the retiring incumbent, the agency announced Tuesday.
- Fed and other agencies to join U.S. fraud task force
(Reuters)
 Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.
- Leading Democrat offers mortgage aid bill
(Reuters)
Reuters - The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures.
- Japan's Aeon posts Q3 net loss
(Reuters)
Reuters - Japan's second-largest retailer Aeon Co Ltd slashed its earnings outlook and said it may post its first annual net loss in seven years, hit by flagging sales, a writedown at U.S. unit Talbots and accounting changes.
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