Reuters – President-elect Barack Obama is expected to name Cecilia Rouse, a Princeton University labor economist, to the Council of Economic Advisers, an aide with the Obama transition office said on Wednesday.
Reuters – California Gov. Arnold Schwarzenegger on Wednesday proposed closing a $42 billion budget gap by shortening the school year, borrowing nearly $5 billion, raising the sales tax and tapping the state lottery.
Reuters – Wall Street closed out its worst year since the Great Depression on Wednesday after an unstoppable credit crisis and a dreadful economic outlook left investors questioning their faith in stock markets.
BOSTON (Reuters) – Merck’s popular osteoporosis drug Fosamax and other similar drugs may carry a risk for esophageal cancer, a Food and Drug Administration official said on Wednesday.
BOSTON (Reuters) – Machines that send fluid circulating through a donated kidney while it is being preserved for transplant keep the organ healthier than the standard method of simply immersing it in fluid and transporting it on ice, doctors reported on Wednesday.
LONDON (Reuters) – Giving antibiotics to patients in intensive care units as a precaution saves lives, according to a major Dutch study published Wednesday.
Reuters – U.S. crude oil rose 14 percent on the final trading day of 2008 in thin pre-holiday trade on Wednesday, tracking a jump in gasoline as a slowdown in domestic refinery activity sparked fears of tightening fuel supply this winter.
AP – The number of laid-off workers continuing to draw unemployment benefits bolted to 4.5 million in late December, and even more Americans are expected to join the ranks of the jobless in 2009.