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Chrysler LLC says it
Chrysler LLC's chief says the automaker has received an initial $4 billion loan from the U.S. Treasury Department.Chief Executive Bob Nardelli said Friday night in a release that the Auburn Hills, Mic...
Big News Network

Group Releases Tool to Unlock iPhone
A team of independent programmers said it 'unlocked' Apple's iPhone 3G, allowing use on unauthorized networks.
CBC.ca

Synovus sees quarterly loan loss provision of about $250 mln
SAN FRANCISCO (MarketWatch) -- Synovus said late Friday it plans to increase its loan loss provision to about $250 million in the fourth quarter while its charge-off ratio is forecast at about 2.2%. The financial services holding company noted that its loan loss provision and charge-offs will remain at elevated levels due to current economic conditions. 'The largest component of these elevated charges relates to Atlanta market residential real estate credits,' said Synovus in a statement. It is also assessing its goodwill for potential impairment during the fourth quarter. Synovus is scheduled to release fourth quarter earnings on Jan. 22.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

Manufacturing data from major economies prove grim
Manufacturing activity slumped to multiyear lows in the world's leading economies during December, data released Friday showed.
International Herald Tribune

US government sends Chrysler $4 billion bridge loan to keep it operating
AUBURN HILLS, Mich. - Chrysler LLC's chief says the automaker has received an initial $4 billion loan from the U.S. Treasury Department. Chief Executive Bob Nardelli said Friday night in a release t...
Big News Network

Beijing moves to stifle reform calls
The Chinese government is moving to crush a group of prominent dissidents and intellectuals that has released a rallying call for democracy, human rights and rule of law
FT.com

Mountain States economy looks troubled
The Mountain States Business Conditions Index plunged to a record low in December, while indicating that deflation may be in the pipeline, according to a survey released Friday.
BizJournals

The Week Ahead U.S. and Canada: Employment Data for Canada & U.S.
(CEP News) - The first full week of 2009 includes a number of key data releases that are expected to reinforce just how negative the tail end of 2008 was for macroeconomic data. The week culminates with the release of highly-anticipated December employment data for both Canada and the U.S., along with the latest read on the Canadian housing sector with housing starts and building permits figures for December.
Economic News

Report: Wisconsin economy won't recover until 2010
Key state indicators show the Wisconsin economy has entered a recession that’s likely to last throughout 2009, according to the quarterly Wisconsin Economic Outlook released Friday by the Department of Revenue.
Bizjournals.com

Treasury Unveils Rescue Guidelines
The Treasury Department released guidelines of the program it used under a $700 billion bailout package to justify its $20 billion rescue of Citigroup and guidelines for a new insurance program for troubled assets.
Wall Street Journal

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