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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 09, 2009
Page
10
Prosecutors said investigators found 100 signed checks worth 173 million dollars in Bernard Madoff's office desk that he planned to send to close family and friends at his arrest. The filing argued bail should be revoked as part of a more than 50 billion dollar fraud.
United Auto Workers bargaining officials head to Detroit to outline wage and benefit cuts required for GM and Chrysler to retain federal loans. The terms demand labor cost parity with foreign plants in the U S and must be approved by members and filed by March 31 to keep the loans.
Macy’s Inc will shutter 11 underperforming stores across nine states affecting about 960 employees and trim its fourth quarter outlook after a weak holiday season. Closures include locations in Los Angeles, West Palm Beach, Nashville and St. Louis and will cost about $65 million, mostly booked in Q4 2008. Clearance sales start next week.
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