Obama sees fast stimulus passage

President-elect Barack Obama met  with congressional leaders Monday, declaring the national economy was “bad and getting worse” and embracing tax cuts now expected to reach $300 billion.

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Finance, resource sectors drive market higher

Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.
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5 killed in southern Thailand violence

Separatist militants shot dead five people in Thailand’s Muslim-majority south, where a bloody insurgency marked its fifth anniversary at the weekend, police said.
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Court re-opened after security scare

The Melbourne Magistrates Court has re-opened after an anonymous bomb threat that was made by phone this morning.
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Hyundai: Can’t make payments? Just return it

Can’t make the payments on that new car you just bought? No problem — just return it free of charge.
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Yacht overturns in Port Phillip Bay

Five people have been rescued from a yacht which overturned at the head of Port Phillip Bay.
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Yacht overtuns in Port Phillip Bay

A yacht has overturned at the head of Port Phillip Bay.
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Intel picks signal break from Bush

President-elect Barack Obama’s decision to fill the nation’s top intelligence jobs with two men short on direct experience in intelligence gathering surprised the spy community and signaled the Democrat’s intention for a clean break from Bush administration policies.

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Markets higher in early trade

The Australian share market moved higher in the first half hour of trade.
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Mill construction a ‘risk’ for Gunns: Garrett

Peter Garrett says Gunns will be taking a risk if it chooses to begin construction on its Tasmanian pulp mill.
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Obama taps Panetta for CIA chief

NBC News has learned that President-elect Barack Obama has chosen former Clinton chief of staff Leon Panetta to be his CIA director.

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Ritzy Rainbow Room Can’t Afford to Serve Food

The legendary Rainbow Room is the latest victim of the current economic crisis – saying it will close its restaurant, the Rainbow Grill, a company official told NBCNewYork.
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Australia could accept US detainees as POWs: law expert

A military law expert believes the possible transfer of Guantanamo Bay detainees to Australia could cause legal issues for the Federal Government.
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Franken on top in recount, but lawsuit looms

The Minnesota state Canvassing Board certified results showing Democrat Al Franken the winner of the state’s contested Senate race on Monday.
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World markets mixed ahead of Obama’s stimulus package

World stock markets were mixed overnight, with modest gains in Europe contrasting with falls in the United States as investors focused on US President-elect Barack Obama’s economic stimulus plans.
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