Toluu : Business and financial news

Citi backs foreclosure prevention planToday: Citigroup reached an agreement with Democratic lawmakers Monday on legislation that would allow judges to reduce mortgage debt for individuals who have filed for bankruptcy.
Prosecutors: Madoff tried to protect $300MToday: Prosecutors have accused financier Bernard Madoff - the alleged mastermind of a $50 billion Ponzi scheme - of intending to transfer up to $300 million worth of assets to protect them from seizure, and they want him locked up immediately.
Gearing up for the jobs reportToday: Stocks seesawed Thursday on worries about the consumer after weak retail sales, and ahead of the December employment report which is expected to show massive job losses.
A move to restart the frozen loans marketToday: The government's first step toward thawing the frozen market for small business loans will take effect next month, in a behind-the-scenes move to unlock the capital some banks rely on to finance their small business lending.
The case for doing nothingToday: Congress will soon debate what kind of economic stimulus package should be passed, but some economists are increasingly wondering whether it's a good idea to approve any stimulus at all.