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Stocks up after GMAC lifeline, retail sales dip (AP)
AP - Wall Street put together a moderate advance in light post-Christmas trading Friday after the government threw a lifeline to General Motors' financing arm, but gains were limited by dreary holiday shopping readings that dimmed the chance of a big year-end rally.
yahoo.com

UK retailers in battle at dawn
UK bargain hunters started queuing for Boxing Day sales as early as 2am as retailers tempted shoppers with drastic price cuts after a generally dismal run-up to Christmas
Financial Times

How `08 went bust
It began with a general feeling that the economy, though struggling, would be fine. Then the mortgage crisis hit. Then the bottom fell out. Now, market players are in shock.
The Globe and Mail

Overview: Trading trends elusive amid torpor
Global markets struggled to emerge from their holiday season torpor, with traders in those major bourses that did open still reluctant to deliver any meaningful rally as the year draws to a close
Financial Times

Big Deal: A Cliffhanger of a Listing
A 5,500-square-foot penthouse at 1 Central Park West is in the midst of what may end up as the biggest residential apartment foreclosure sale in Manhattan in recent memory.
New York Times

Stock mutual funds crunched in 2008; only bear funds positive for year
There was one safe bet that mutual fund investors could make in 2008: that the stock market was a place to lose a lot of money.
USAtoday.com

NetShelter: NetShelter Technology Media Presents ``Last Gadget Standing`` at CES
LAS VEGAS, NV (MARKET WIRE) What happens when you take the top ten coolest gadgets at CES 2009, pit them head to head, and have the audience online and at a live event vote on their favorites? You get the Last Gadget Standing, one of the highlights of CES 2009.
Marketwire.com

When markets settle, be ready
Will you be playing offence in 2009, or defence? That's the fundamental question each investor must answer at the end of this awful year, Rob Carrick writes
Telegraph

U.S. stocks end higher in light post-holiday trade
NEW YORK (MarketWatch) -- U.S. stocks finished higher in light trade Friday, led by gains in energy shares as crude oil prices advanced, while retailers were in focus as post-Christmas sales kicked off in earnest. The Dow Jones Industrial Average gained 47 points, or 0.6%, to end at 8,515, with 17 of its 30 components rising. Shares of General Motors Corp. led the gains among blue chips, rising nearly 13% after the Federal Reserve approved the request by its finance arm, GMAC, to become a bank holding company. The S&P 500 index rose 7 points, or 0.8%, to 872, while the Nasdaq Composite advanced 5 points, or 0.3%, to 1,530.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com

Mutual funds show heavy losses for 2008 (AP)
There was one safe bet that mutual fund investors could make in 2008 -- that the stock market was a place to lose a lot of money.
yahoo.com

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