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LeBron has easy night, Cavaliers rout Bobcats - 1 hour ago - CLEVELAND The Celtics are coming. The Cavaliers are ready. LeBron James scored 21 points before grabbing an early seat on the bench, Mo Williams added 15 points and Cleveland warmed up for its highly anticipated matchup with Boston by 0133 : International Herald Tribune

REIT plan gets set for finishing touches - 2 hours ago - China's central bank is drafting proposals to set up real estate investment trusts REITs , as part of the government's efforts to ease the cash constraints of property developers, officials said Tuesday. We are formulating a plan on REITs 0133 : China Economic Net

ICICI cuts home, auto loan rates 50 bps - 1/1/2009 - The bank s decision came after rate cuts by public sector banks and some of its major private sector rivals like HDFC and HDFC Bank earlier this month. ICICI Bank said it has reduced its floating reference rate FRR for home loans and auto 0133 : Business Standard

Treasury's 'guidelines' hint at more bank rescues - 1 hour ago - The Treasury has quietly opened the door to more bailouts of major banks like Citigroup that the department deems too big to fail, exposing taxpayers to potentially large losses on the banks' souring loan portfolios. In a little-noticed 0133 : The Washington Times

Homebuilders push housing aid plan - 1 hour ago - WASHINGTON AP With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a 150 billion plan to revive the 0133 : Associated Press

Paulson says Obama will decide on rescue spending - 1 hour ago - WASHINGTON Reuters - President-elect Barack Obama will decide how to spend the remaining half of a 700 billion economic rescue program, a top Bush administration official said on Wednesday, while a key Democratic lawmaker outlined his 0133 : Reuters India

News Briefs - 3 hours ago - Martha's Vineyard Commission, Chamber presentation to focus on economy David Augustinho, executive director of the Cape and Islands Workforce Investment Board, will talk about the economy and state funding for local business at a free 0133 : Martha's Vineyard Times

Paulson Recommends Nixing Freddie and Fannie - - Treasury Secretary Henry M. Paulson Jr. today called for abolishing Fannie Mae and Freddie Mac and replacing them with highly-regulated utilities that would play a more narrow role in supporting the U.S. housing finance system. In what the 0133 : Washington Post