Blagojevich names lawyer to Obama Senate seat

CHICAGO (Reuters) – Illinois Gov. Rod Blagojevich on Tuesday defied fellow Democrats and appointed a successor to fill Barack Obama’s vacant U.S. Senate seat — the seat the governor is charged with trying to sell to the highest bidder.

Bayer sues Abbott, alleging patent infringement (AP)

AP – Pharmaceutical and chemical maker Bayer AG has filed a federal lawsuit alleging that drugmaker Abbott Laboratories’ best-selling drug, Humira, infringes on a decade-old Bayer patent.

Wall St gains as latest auto bailout raises hopes (Reuters)

Traders work on the floor of the New York Stock Exchange in New York, December 29, 2008. (Lucas Jackson/Reuters)Reuters – Stocks climbed on Tuesday after the government expanded its bailout of the auto industry, bolstering hopes lawmakers would continue to take steps to minimize the severity of the year-long recession.

Consumer confidence and home prices hit grim records

NEW YORK (Reuters) – The U.S. economy extended its run of record-breaking dismal data on Tuesday, with consumer confidence and home prices registering a pair of grim milestones.