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		News & Info From Our Sponsor Tuesday, January 29, 2008 • CEO's exit leaves a void for Sears Sears Holdings Corp. abruptly announced the departure of president and chief executive Aylwin B. Lewis on Monday. • Nautilus drops plans to buy its biggest contractor in China Fitness-equipment maker Nautilus Inc. said it has canceled plans to buy its largest contract manufacturer in China. • French trader faces breach of trust charge Investigating judges filed preliminary charges Monday against a trader accused of causing billions of dollars in losses for France's second-largest bank. He was released from custody while the thorny investigation continues. • Anticipation of big Fed rate cut sparks market NEW YORK -- A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a sign the Federal Reserve will lower rates this week. • Cable TV's Current Media going public SAN FRANCISCO -- Cable television upstart Current Media Inc. plans to go public later this year, giving investors a chance to assess the entrepreneurial skills of its co-founder, Al Gore. • Industry Notes REAL ESTATE • Man gets detention in class-action schemes LOS ANGELES -- A Palm Springs man who prosecutors say was paid to act as a plaintiff in dozens of class-action lawsuits was sentenced Monday to six months home detention and will pay more than $2 million. • New home sales drop-off in '07 is steepest on record WASHINGTON -- New home sales plunged in 2007 by the largest amount on record while home prices tumbled sharply in December. Analysts forecast more trouble in 2008 as housing tries to emerge from its worst slump in more than two decades. • News highlights NEWS UPDATE: SALLIE MAE
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