- U.S. retail sales fell 2.7% in December, the sixth consecutive decline.
- Industrial production in the Euro area fell 1.6% MoM, and 7.7% YoY.
- Japan’s machine orders, fell 16.2 % MoM -- the biggest decline since the survey began in 1987
- Canada's Nortel Networks filed for U.S. bankruptcy-court protection
- Fears of mass unemployment and social unrest in China have prompted the Communist Party to issue a stern warning over protests.
- The number of Internet users in China has reached 298 million
- Bank lending rose19% in China last month, showing that Beijing's stimulus measures are working.
- (WSJ) The U.S. government is close to committing billions in additional aid to Bank of America as it tries to digest its acquisition of Merrill Lynch.
- Standard & Poor's has downgraded Greek sovereign debt in a move that will make it even harder for the country to finance its ballooning deficits
- A federal judge denied another bid by prosecutors to jail Madoff.
- The U.S. Navy was granted a one-year permit to train with sonar and bombs in Hawaii waters so long as it “tries” to protect whales and other marine animals from harm.
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