"Conceptual agreement" reached on auto aid

WASHINGTON (Reuters) – The White House said on Wednesday the Bush administration and congressional leaders had reached a “good conceptual agreement” on a plan to rescue troubled U.S. automakers but had not yet agreed to a final bill.

Greece hit by 5th day of violence, general strike

ATHENS (Reuters) – Riot police clashed with demonstrators for a fifth day and a general strike paralyzed Greece on Wednesday, piling pressure on the beleaguered conservative government.

Signs By Tomorrow Launches Online Multi-Media Presentation to Enhance Franchise Sales

COLUMBIA, Md., Dec. 10 /PRNewswire/ — The Cary Group, LLC, announced today that their newest product, The Telamercial, has been launched by the Columbia, Maryland-based, national sign franchisor Signs By Tomorrow, Inc. The Telamercial is a low-cost,

Calls mount for disgraced Illinois governor to quit

CHICAGO (Reuters) – Illinois Gov. Rod Blagojevich faced pressure to resign on Wednesday after his arrest on charges he tried to sell U.S. President-elect Barack Obama’s Senate seat, swap favors for money and strong-arm a newspaper into firing writers.

Nobel peace laureate urges Mideast focus for Obama

OSLO (Reuters) – Nobel Peace Prize winner Martti Ahtisaari urged U.S. President-elect Barack Obama on Wednesday to delve into solving the Middle East conflict in his first year in office, calling it a knot that could be untied.

Equity Media lender asks court for liquidation

NEW YORK, Dec 10 (Reuters) – A creditor of U.S. television
station owner Equity Media Holdings Corp , which filed
for Chapter 11 bankruptcy protection this week, has asked a
judge to convert the case to liquidation, or dismiss it,
according to court papers.

Underperforming private equity to vanish-Coller

LONDON, Dec 10 (Reuters) – Underperforming private equity
companies will disappear and large buyout houses will be forced
to scale back their funds as investors balk at new commitments,
the chief investment officer of Coller Capital said on
Wednesday.

The Good News and ‘Very Disturbing News’ of Zero-Yield Treasuries

One of the most shocking developments in a shocking year occurred yesterday when the Treasury auctioned $30 billion of four-week notes with a yield of 0% (yes, ZERO, as in nada).Incredibly, demand for the zero-yield notes was so strong the government