Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE General Motors Corp., down 60 cents at $3.20 The automaker’s financing arm, GMAC, said bondholders agreed to swap debt for equity to help…

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General Motors, Eli Lilly are big movers

Bernard Madoff gave the Securities and Exchange Commission a list of his personal assets Wednesday, but investors may have to wait to learn whether the filing contained any clues as to the whereabouts of their missing billions. The disgraced money manager,…

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Madoff lists assets for SEC; agency mum on details

The credit markets, long a shadowy and little understood part of the financial system for many investors, turned into headline makers during 2008, simply because they stopped working. And, at the start of the new year, they’re still far from a level that…

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Credit markets head into uncertain 2009

The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year _ the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth. Six years of stock gains disappeared as the economy crumbled and markets crashed…

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Street looks to ’09 with relief after terrible ’08

The recipient of a $45 billion infusion from the federal government, Citigroup Inc. on Wednesday said it would place strict limits on management’s compensation, including no severance for its top five executives. Under pressure from lawmakers, Citigroup Chief…

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Citigroup limits top executive pay, bonuses

Gov. Arnold Schwarzenegger’s administration on Wednesday released his latest plan to close a deficit projected at $41.6 billion over the next 18 months, a proposal that looks much like one he released months earlier. The Republican governor wants $17.4…

Schwarzenegger tries again to close $41.6B deficit

Happy New Year from Microsoft Corp.: Your Zune is dead. Thousands of Microsoft’s Zune media players _ the software company’s answer to Apple Inc.’s iPod _ unexpectedly conked out Wednesday and showed users an error message, prompting references to “Y2K for…

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Microsoft’s Zune players freeze on New Year’s Eve

Biotech company Celgene Corp. on Wednesday sent a letter to doctors warning that a study of its drug to treat dangerous blood clots suggests it may increase the risk of death in elderly patients. The letter, posted late Wednesday on the Web site of the Food…

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Celgene warns that anticlot drug linked to deaths

Mexico’s IPC stock index slipped 0.18 percent to 22,380 Wednesday as the market closed a dismal year amid the global financial crisis. Meanwhile the country’s peso weakened to nearly 13.9 to the U.S. dollar, its lowest level since Nov. 21, before settling at…

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Mexican stocks dip as market ends dismal year

(Reuters) – The New York Stock Exchange said it determined that trading in the common stock of yellow pages directories publisher R.H. Donnelley Corp should be suspended, effective January 2.

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NYSE says to suspend R.H. Donnelley stock

Shoppers won’t be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either. All those names vanished this past…

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Stores to airlines, many brands vanished in 2008

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Hollywood’s Digital Dawdling

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Bechtel Rebuilds Its Computer Network from Scratch

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GMAC Chairman Merkin: On the Way Out

NEW YORK (Reuters) – Wall Street closed out its worst year since the Great Depression on Wednesday after an unstoppable credit crisis and a dreadful economic outlook left investors questioning their faith in stock markets.

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Wall St closes out worst year since Depression