Market News
UPDATE 2-EMC says to cut 2,400 jobs, shares rise
*Shares rise 5 pct in extended trading (Adds analyst comments, details on results. Updates shares) Full Article
UPDATE 1-Citgo reverses decision to cut oil aid to US poor
BOSTON, Jan 7 (Reuters) - Venezuela-owned Citgo Petroleum Corp said on Wednesday it would resume a controversial program of delivering free home-heating oil for the U.S. poor, two days after indicating the program would be scrapped this year. Full Article
Nikkei down 1 pct on renewed economic fears
TOKYO, Jan 8 (Reuters) - Japan's Nikkei average slipped 1 percent on Thursday after a seven-day winning streak, with poor U.S. jobs data combined with a revenue warning from chip maker Intel Corp renewing fears about the U.S. economy. Full Article
Learning the lessons of corruption
Daniel Kaufmann of the Brookings institution in Washington discusses the Madoff fraud and larger issues of corruption and regulation with Reuters Jen Rogers. Play Video
