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Reuters - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
Reuters - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, is selling a $2.83 billion chunk of its holding in China Construction Bank (0939.HK) at a 12 percent discount on Wednesday, according to a term sheet obtained by Reuters.
Reuters - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
Reuters - Stocks gained on Tuesday on the increased likelihood of a government stimulus package after the release of minutes from the last Federal Reserve policy meeting painted a dismal picture of the U.S. economy.
Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.
AP - Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history.
AP - It's not exactly a presidential pardon, but prosecutors have agreed to drop charges filed against "W." actors Josh Brolin and Jeffrey Wright after an incident a Louisiana bar last year.
E! Online - Are Tom Cruise and Katie Holmes trying to give Donald Trump a run for his New York City real estate money?
E! Online - Indy, we hardly knew ya.
E! Online - Looks like there'll be no need for a presidential pardon for this W. crew.
AP - Fugitive director Roman Polanski received a message from prosecutors in a sexually explicit court motion Tuesday that all is not forgiven and they will fight dismissal of a three-decade-old conviction for raping a 13-year-old.
Reuters - The body of actor John Travolta's 16-year-old son, Jett, was cremated in the Bahamas after his sudden death during the New Year's holiday and his parents flew to Florida with his ashes, a Bahamian lawmaker said on Tuesday.
Fashion Wire Daily - You'd think that at a movie premiere for a flick called "Bride Wars" would be all about the dresses, but in New York on Monday night, it was all about the hair.
Reuters - Cuba on Monday made the first of thousands of digitized documents, photographs and books that belonged to writer Ernest Hemingway available to scholars after the items languished for decades in the basement of his home outside of Havana.