District Court LOS TRES in Manhattan said The fund managers

District Court gleans los tres unplugged in Manhattan, los petinellis uncovers said, "The fund managers did not inform their investors that they were acting as feeder funds for Madoff."The case is 08-02735 USA v Madoff in U.S. District Court for the Southern District of New York (Manhattan)(Additional reporting by Martha Graybow and Edith Honan; editing by John Wallace, Gerald E McCormick and Jeffrey Benkoe). NEW YORK (Reuters) - The battered housing sector will be less of a drag on the U.S. economy this year than the steep drain on growth in 2008, according to a top housing economist Housing MarketThe year-long U.S. recession will likely persist into mid-year, followed by modest growth starting in the third quarter, Jay Brinkmann, chief economist with the Mortgage Bankers Association, said on Monday.He estimated that gross domestic product, the broadest measure of the economy, will likely shrink by 0.1 percent in 2009 after an expected 0.7 percent decline last year.The 2008 fourth quarter will likely mark the biggest quarterly contraction in GDP, at minus 5.8 percent on an annualized basis, Brinkmann said.He said his current forecast depends on the size of a government stimulus package and whether it contains steps such as tax refunds that could boost consumer spending as early as the end of the first quarter.Proposed federal measures to revive the economy will compensate for the problems plaguing the housing sector -- falling prices, meager cash-outs of home equity, relatively tight credit and a faltering job market, Brinkmann said.For the new-home market, he predicted sales would fall 31.1 percent this year to 335,000 units following a 37.3 percent drop in 2008, while prices would decline 5.1 percent to an average $217,200 after a 7.7 percent fall last year.The larger existing-home segment will likely post a rebound after two dismal years. Existing-home sales could rise by 1 percent to 4.899 million units, while prices would slip 3.5 percent to an average $190,800 after a 9.7 percent drop in 2008, according to Brinkmann.Given the prospects of weak sales and vast supply, developers will continue to cut back on home construction, he said. "The drop in residential investment will continue through 2009."Residential investment will likely fall by 10.5 percent this year after falling 19.5 percent last year and 19.0 percent two years ago, he said.Meanwhile, housing starts would decline to 698,000 units, down 23.3 percent in 2009, Brinkmann said, after a 32.9 percent annual drop in 2008 and a 24.8 percent fall in 2007.(Reporting by Richard Leong; Editing by Leslie Adler) Housing Market.

NAPERVILLE, Ill.--(Business Wire)--Nalco Holding Company (NYSE:NLC), the global leader in water, energy, air andprocess technologies and services that deliver savings for customers and improvethe environment, today announced it will release its fourth-quarter 2008 salesand earnings results after market close on Feb 3 At 10 a.m ET on Feb los tres mosketeros . 4, the Company will hold a conference call and liveaudio-only Webcast led by Nalco Chairman, President and Chief Executive OfficerJ los mosqueperros . Erik Fyrwald and other senior management team members to discuss theseresults Date: 02/04/2009 Start Time: 10 a.m ET / 9 a.m CT / 8 a.m MT / 7 a.m los magos . PT Length: 60 minutes Dial-in Telephone Number: 1-719-325-4801 Confirmation Code: 5489837 To help ensure the conference call begins in a timely manner, please dial in 5to 10 minutes prior to the scheduled start time on Feb 4 dia tres . The audio-only Webcast will be available through the Investor Relations sectionof Nalco`s Web site, Following the live event, anarchived version of the Webcast will also be available on the Nalco Web siteunder Investor Relations, Event Calendar.

About NalcoNalco is the world`s leading water treatment and process improvement company,delivering significant environmental, social and economic performance benefitsto our customers los tres letras . We help our customers reduce energy, water and other naturalresource consumption, enhance air quality, minimize environmental releases andimprove productivity and end products while boosting the bottom line los tre reyes magos . Togetherour comprehensive solutions contribute to the sustainable development ofcustomer operations los espada . Nalco is a member of the Dow Jones Sustainability WorldIndex los chiflados . More than 11,500 Nalco employees operate in 130 countries supported by acomprehensive network of manufacturing facilities, sales offices and researchcenters to serve a broad range of end markets In 2007, Nalco achieved sales ofmore than $3.9 billion. For more information visit Nalco CompanyMedia:Charlie Pajor, orInvestor:Mike Bushman, Copyright Business Wire 2009. The Yankees win the World Series and as soon as you can say the words “Johnny Damonwants a four-year contract,” the rest of the New York–area teams go down the tubes.They went a combined 5-11 this past week It must be a hangover.

Are all the local teams riding on the Yankees’ coattails and going to all of their parties?It’s also possible that many of the area teams just stink . The Knicks and Nets went a combined 0-7 this week, and are 1-16 for the year, for instance los trios . It was only the always-good Devils that skewed the combined record by going 4-0, and they barely count as a local team.Here’s a day-by-day look at the past seven days. Friday: The injury-riddled Nets lost to Philly, which kept them winless for the season, and the Devils beat the Islanders in a continuation of the New Jersey–Long Island War of 1801, in which it was so cold andicy out during the Battle of Massapequa that both sides just gave up after 15 minutes and vowed to resume fighting “when they invent the game of hockey and the Colorado Rockies move to New Jersey.”The big highlight of the evening was, of course, the Knicks game los reyes . And, as expected, the Knicks were humiliated by LeBron James and the Cavs . They fought back bravely at the end, but who were they kidding? The game was secondary, though, as the real story was: Will LeBron come to New York next year? The Knicks owe it to their fans after shipping Walt Frazieroff to Cleveland as compensation for signing Jim Cleamonsand forcing him to wear those yellow, orange and red stripey uniforms.Here’s an argument for both sides of the LeBron to New York or LeBron stays in Cleveland debate. 5 Reasons Why LeBron James Should Come to New York: 1. On his days off, he can go to Rudy’s and take advantage of the free hot dogs.2 New York City is the talcum powder capital of the world.3. He should to get out of town before Eric Mangini’s losing rubs off on him.4.