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Thursday,
04 December 2008
Putin Pledges Increased Aid as Russian Economic Slump Deepens
By Henry Meyer Dec. 4 (Bloomberg) -- Russian Prime Minister Vladimir Putin pledged increased state aid and direct government investments in troubled companies as an economic slump deepens.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Treasury mulls plan to lower mortgage rates to 4.5%
Move would help homeowners and buyers with good credit, but would do little for troubled borrowers, experts said. By Tami Luhby, CNNMoney.
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
ECB Delivers Biggest Rate Cut Ever as Economy Slumps (Update1)
By Gabi Thesing Dec. 4 (Bloomberg) -- The European Central Bank cut interest rates by three quarters of a percentage point, the biggest reduction in its 10-year history, as the economic slump deepened and inflation waned.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Black Friday Boost Fails to Stem November Sales Drop (Update1)
By Heather Burke Dec. 4 (Bloomberg) -- Wal-Mart Stores Inc. was one of a handful of US retailers to post November sales gains after the Wall Street meltdown caused consumers to postpone shopping until the end of last month’s holiday sales...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
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) read more...
Thursday,
04 December 2008
Cleveland Clinic to Reveal Docs Financial Ties
By AUDREY GRAYSON Hospitals around the country are pushing for full disclosure of their doctors financial ties to the pharmaceutical industry to help patients determine whether their doctors are making money from drug and device...
(Source: ABC News) read more...
Thursday,
04 December 2008
SCENARIOS-Indonesia policy makers battle rupiah slump
By Ed Davies JAKARTA, Dec 4 (Reuters) - Indonesian policymakers have been scrambling to avert a potential currency crisis since the rupiah hit a decade low last month.
(Source: Reuters) read more...
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- State Street to cut up to 1800 jobs
- Vikings react to suspensions of Williams Wall
- Union concessions may improve prospects for auto bailout
- Financial industry pushes for lower mortgage rates
- Adobe issues disappointing outlook, will cut jobs
- Fed paints dreary economic picture
- Neuberger Team Wins Bid for Lehman Unit
- Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
- French power company in hunt for Constellation
- Black Friday At Toys R Us
- Obama Says Thanksgiving Comes During a ‘Time of Great Trial’
- OPEC Has All Options Open, Including Cut, Libya Says (Update2)
- GM Said to Study Shedding Saturn, Saab, Pontiac to Win US Aid
- Ford Resists Change to Mulallys Pay
- European, Asian stocks higher despite gloomy data
- Town officials wary of casinos alcohol proposal
- Outgoing CEO Lanni to leave MGM Mirage board
- Travelers enjoy speedy trips for holiday plans