Financial news on January 17, 2009

Business and Financial news
’92 Ponzi Case Missed Signals About Madoff

In a case linked to Bernard L. Madoff in 1992, federal investigators took some explanations at face value. Read more..

By ALEX BERENSON - The New York Times

Banker's Plans For TARP Funds

At the Sandler O'Neill East Coast Financial Services Conference in November, bank executives discussed their plans for some of the billions of dollars given out under TARP. Read more..

Sean Patrick Farrell - The New York Times

Bank of America Posts Loss as It Gets New U.S. Aid

Hours after receiving another government lifeline, the bank announced gaping fourth- quarter losses on Friday. Read more..

By LOUISE STORY, ERIC DASH and ANDREW ROSS SORKIN - The New York Times

Circuit City to Shut Down

The troubled consumer electronics chain is the latest retailer to go out of business. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

Citigroup Reports Big Loss and a Breakup Plan

Citigroup capped a devastating 2008 by announcing that it would split into two entities and that it had posted an $8.29 billion loss for the quarter. Read more..

By ERIC DASH - The New York Times

Consumer Prices Rose Just 0.1 Percent in ’08

Consumer prices advanced at their slowest pace in 50 years in 2008 as the weakening economy suppressed demand for cars, clothing, electronics and a host of goods and services. Read more..

By JACK HEALY - The New York Times

Hertz Rental Car Plans to Cut 4,000 Jobs

The company will reduce costs as businesses and consumers slow travel because of the global recession. Read more..

By BLOOMBERG NEWS - The New York Times

Invest in Blue Chips and Cash at the Same Time

Buying stocks of sound, blue-chip businesses and holding a lot in cash may be possible to do with a single transaction. Read more..

By CONRAD DE AENLLE - The New York Times

Portfolio in Ruins, It’s Time to Pay for Summer Camp

Camps say they are hearing from a number of parents who are wondering if they will be able to afford the tuition. Read more..

By ALINA TUGEND - The New York Times

Q & A: Circuit City’s Liquidation

Answers to some common consumer questions about Circuit City’s liquidation. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

See what else happened on January 17, 2009