Federal Railroad Administration approves plan to replace the ancient Portal Bridge over the Hackensack River—currently one of the worst bottlenecks in the Northeast railway system. [NY Times]
Connecticut Bank accused of funneling accounts into Madoff’s pockets without its customers’ knowledge. [NY Times]
Citigroup execs to go without 2008 bonuses. [NY Times]
Early data shows customer traffic during the holiday seasons plummeted 16 percent, while total retail sales dropped 2.3 percent. [NY Times]
S & P/Case-Shiller home-price index fell 18 percent in October from last year, dropping prices to March 2004 levels. [WSJ]
Fist-time unemployment claims fell by 94,000 over Christmas week, while continuing claims rose by 140,000. [WSJ]
Madoff hands over personal asset list to the SEC. [WSJ]
As mortgage rates tumble, more homeowners rush to refinance and save big. [NY Post]
West Paterson, N.J., now known as Woodland Park. [NY Post]
