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Houston Business Journal: Report: VC-backed IPOs fall to 30-year low
Initial public offerings by companies backed by venture capitalists hit their lowest point in three decades, according to a new report by Thomson ...
Inform

U.S. Markets Down in Afternoon Trading
Stocks were down slightly this afternoon as reports on how the auto sector is performing began to come out.
The Washington Post

Traders Cautious After Friday`s Big Rally
Wall Street gave back some of last week's huge gains Monday but found encouragement from a U.S. government report that construction spending fell less than forecast.
CBS News

Auto sales plunge again in December
Ford Motor and Toyota Motor both reported December sales declines of more than 30% Monday, capping the industry's worst year since 1992.
CNN

U.S. Auto Sales Continue to Skid
Ford, Toyota and Honda all reported U.S. sales declines of more than 30% for December, capping off a dismal year for the auto industry. Other car makers will report later in the day.
Wall Street Journal

California Requires Private Health Plans To Cover Interpretation Services
A law requiring California health, dental and specialty insurers to provide members with interpreters took effect Jan. 1, the Sacramento Bee reports. Of the 37 million people living in California, more than 40% speak a language other than English, and one-fifth of the population say they cannot speak English 'very well,' according to the Bee.read more
emaxhealth.com

Enrollment Increases In Massachusetts Premium-Assistance Program For Laid-Off Workers
Enrollment in a Massachusetts program designed to help unemployed state residents pay health insurance premiums has increased by 73% in the past year, the Boston Globe reports. The state Medical Security Program, which is funded by a tax on employers, pays 80% of a laid-off worker's monthly insurance premium for up to 46 weeks. For people who cannot afford to retain their coverage, even with the assistance money, the program offers full basic coverage and charges a copayment of about $15 per doctor visit.read more
emaxhealth.com

States Consider Further Cuts To Medicaid Programs
The Washington Post recently examined how many states 'are being forced to curtail' Medicaid services 'as they struggle to cope with the deteriorating economy.' Medicaid, which provided health coverage to 50 million U.S. residents in 2007, is the largest or second-largest expense in every U.S. state, the Post reports.read more
emaxhealth.com

U.S. construction spending down 0.6% in November
WASHINGTON (MarketWatch) -- Outlays for construction projects in the United States fell by a seasonally adjusted annual rate of 0.6% in November after an upwardly revised drop of 0.4% in October, the Commerce Department reported Monday. Spending on residential projects fell 4.1%, while spending on private-sector nonresidential construction rose 0.7%. Total outlays are down 3.3% in the past year. Private residential construction, which fell 4.2%, reached the lowest level since August 1999.
MarketWatch.com

Borders Group names new CEO, posts lower sales
Borders Group Inc., which has struggled along with other booksellers as people buy more books online and from discounters, announced a new CEO and other top managers Monday as it also reported weak holiday sales. The Ann Arbor, Mich.-based company also warned...
San Francisco Chronicle

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