401(k) Loans: Good Idea?

With the ever-lengthening financial crisis still dragging on, some people are beginning to look at their decreasing 401(k) balances with an eye towards borrowing from them. At most companies, taking a loan against a 401(k) plan is a permissible event.

Stocks fall on Dow Chemical news, economic worry (Reuters)

Traders work on the floor of the New York Stock Exchange in New York December 29, 2008. (Lucas Jackson/Reuters)Reuters – Wall Street slid on Monday after Kuwait pulled out of a joint venture with Dow Chemical due to the deepening global recession, threatening Dow’s planned takeover of Rohm & Haas.

Impeachment panel offered tapes on Blagojevich

CHICAGO (Reuters) – Prosecutors agreed on Monday to provide an impeachment panel with tape-recordings in which investigators say Illinois Gov. Rod Blagojevich is heard scheming to sell the powers of his office.

Kerkorian sells off remaining Ford shares

DETROIT (Reuters) – Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor Co, a spokeswoman for his investment firm, Tracinda Corp, said on Monday.

Researchers unlock secrets of 1918 flu pandemic

WASHINGTON (Reuters) – Researchers have found out what made the 1918 flu pandemic so deadly — a group of three genes that lets the virus invade the lungs and cause pneumonia.

Key gene linked to high blood pressure identified

WASHINGTON (Reuters) – A gene that affects how the kidneys process salt may help determine a person’s risk of high blood pressure, a discovery that could lead to better ways to treat the condition, researchers said on Monday.

NY governor offers agenda for Obama stimulus plan

NEW YORK (Reuters) – New York Governor David Paterson on Monday outlined proposals for President-elect Barack Obama and his planned stimulus plan, arguing that federal aid is essential to save jobs, keep vital services running and revive the economy.

HUD approves $28 million in Fla. foreclosure help (AP)

AP – A federal agency is giving more than $28 million dollars to three Florida communities that have been slammed by high foreclosures and dropping home values.