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Andersen Corp. announces layoffs - 1 day ago - Andersen Corp. will lay off hundreds of workers due to current market conditions, the company announced Thursday. The Bayport-based window maker has permanently laid off 50 office and management workers and temporarily laid off 400 0133 : Minneapolis-St Paul Business Journal

Mortgage deal sends stocks mostly higher - 6 hours ago - NEW YORK A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump yesterday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges 0133 : Honolulu Star-Bulletin

Obama, Democrats look to revamp financial bailout - 1 hour ago - WASHINGTON Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the 350 billion remaining in the financial bailout fund, 0133 : Yahoo News

Failed US home loans bank IndyMac sold for 14 bn - 1/3/2009 - WASHINGTON A group of private investors has agreed to buy for nearly 14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed 0133 : Daily News and Analysis

Citigroup accepts plan on mortgages - 1 day ago - WASHINGTON Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Louisville Courier-Journal

Recovery up to private sector - 7 hours ago - The federal government is far from exhausting all its weapons to assist the economy. Some form of tax break as well as a massive public works program reminiscent of the 1930s are expected from Barack Obama once he takes office. This 0133 : Greenwood Commonwealth

Citigroup director Robert Rubin resigns as adviser - 1 hour ago - NEW YORK AP Citigroup board member Robert Rubin, who has drawn heavy criticism for his role at the embattled bank, has resigned as a senior adviser. Rubin, 70, will continue to serve as a board director until his term expires at the 0133 : Associated Press

Questionable loans overburden grads - 1 day ago - Lost in the swirl of billions of dollars worth of unaffordable home mortgages is a smaller group of overburdened borrowers. They are college graduates who not only are worried about finding jobs but how they are going to pay for their 0133 : San Bernardino County Sun