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FINANCIALS

Thursday, 04 December 2008

Nomura to Lay Off Up to 1000 London Employees

Nomura to Lay Off Up to 1000 London Employees

By AYAI TOMISAWA TOKYO -- Nomura Holdings Inc. said Thursday it will lay off up to 1000 of its 4500 staff members in London, in a bid to cut costs after purchasing Lehman Brothers equities and investment-banking operations in Europe.

Source: Wall Street Journal

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Friday, 09 January 2009

Hoenig: Fed needs plan to withdraw liquidity

Hoenig: Fed needs plan to withdraw liquidity

DENVER (Reuters) - The Federal Reserve must have a plan to withdraw the hundreds of billions of dollars it is pumping into the economy or risk creating inflation during the...

(Source: Reuters)    read more...

Friday, 09 January 2009

Dollar Heads for Weekly Loss Against Yen Before US Payrolls

Dollar Heads for Weekly Loss Against Yen Before US Payrolls

By Ron Harui and Ye Xie Jan. 9 (Bloomberg) -- The dollar headed for its first weekly loss against the yen in three weeks before a US payroll report that may show the economy lost jobs...

(Source: Bloomberg)    read more...

Friday, 09 January 2009

Lenders Backlogged By Refinancing Rush

Lenders Backlogged By Refinancing Rush

By Dina ElBoghdady Borrowers are rushing to refinance their mortgages at record low rates but face unexpected delays as swamped lenders struggle to cope with the surge at a time...

(Source: Washington Post)    read more...

Friday, 09 January 2009

As His Inmates Grew Thinner, a Sheriff’s Wallet Grew Fatter

As His Inmates Grew Thinner, a Sheriff’s Wallet Grew Fatter

By ADAM NOSSITER DECATUR, Ala. - The prisoners in the Morgan County jail here were always hungry. The sheriff, meanwhile, was getting a little richer.

(Source: New York Times)    read more...

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