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  • REUTERS

    TIVO, KLA-TENCOR CUT JOBS, JOIN GROWING LIST
    SAN FRANCISCO (Reuters) - Digital video recording pioneer TiVo Inc and microchip-equipment maker KLA-Tencor Corp on Tuesday became the latest in a growing list Silicon Valley companies to shed jobs....
    Date: 18 Nov 2008 18:19:00 EST
    LA-Z-BOY POSTS WIDER LOSS, SUSPENDS FORECASTS
    LOS ANGELES (Reuters) - La-Z-Boy Inc , the furniture maker and retailer, reported a wider quarterly loss on Tuesday and saw a decline in sales as cash-strapped consumers curb purchases....
    Date: 18 Nov 2008 18:03:11 EST
    CUBAN RESPONDS TO SEC, SAYS NO SECRECY DEAL
    NEW YORK (Reuters) - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential....
    Date: 18 Nov 2008 18:02:49 EST
    U.S. AUTO EXECS PLEAD FOR CONGRESS TO FUND BAILOUT
    WASHINGTON (Reuters) - U.S. auto executives took their case for a $25 billion industry bailout to Congress on Tuesday, warning that the industry was teetering on the brink of disaster as they work to overcome political opposition....
    Date: 18 Nov 2008 17:28:16 EST
    WALL STREET BARRELS BACK IN LATE RALLY, LED BY HP
    NEW YORK (Reuters) - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come....
    Date: 18 Nov 2008 17:28:00 EST
    BANK OF AMERICA SEES RECORD CREDIT CARD LOSSES
    DETROIT (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis said on Tuesday the U.S. economy will get worse before it improves, and forecast record losses for the U.S. credit card industry....
    Date: 18 Nov 2008 17:11:03 EST
    GE PLANS $2 BILLION IN FINANCE ARM CUTS NEXT YEAR
    BOSTON (Reuters) - General Electric Co said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate's results as a result of the global credit crunch....
    Date: 18 Nov 2008 16:54:02 EST
    WASHINGTON DEBATES BAILOUT AS IMF SEES REAL CRISIS
    WASHINGTON (Reuters) - The U.S. Treasury defended its handling of the financial bailout on Tuesday as American auto and banking woes reverberated around the globe and the International Monetary Fund said it would need rapidly increasing amounts of extra funding to fight the downturn....
    Date: 18 Nov 2008 16:37:29 EST
    HP DRIVES WALL STREET'S LATE RALLY, DOW UP 151.17
    NEW YORK (Reuters) - Stocks staged a late fight back on Tuesday after stronger-than-expected results and the outlook from computer maker Hewlett-Packard offset fears of more losses at Citigroup and other banks....
    Date: 18 Nov 2008 16:37:05 EST
    OCTOBER PRODUCER PRICES SLUMP, HOME GLOOM GROWS
    WASHINGTON (Reuters) - Producer prices posted a record decline in October as the weak economy sent energy prices tumbling, data on Tuesday showed, while business confidence among home-builders slumped....
    Date: 18 Nov 2008 16:03:02 EST
    CITIGROUP SHARES TUMBLE TO 13-YEAR LOW
    NEW YORK (Reuters) - Citigroup Inc shares tumbled to a 13-year low on Tuesday on concerns that a plan to shed 52,000 jobs might not be enough to restore the banking giant to health or profitability soon....
    Date: 18 Nov 2008 15:46:26 EST
    HOME BUILDER SENTIMENT AT NEW LOW, BUYERS DEMUR
    NEW YORK (Reuters) - Pervasive recession fears and financial market upheaval hammered U.S. home builder sentiment to a record low in November, a trade group said on Tuesday, dealing a significant blow to an already flailing housing market....
    Date: 18 Nov 2008 15:46:21 EST
    MEXICAN TYCOON SALINAS SETS EYES ON CIRCUIT CITY
    MEXICO CITY (Reuters) - Mexican retail and media tycoon Ricardo Salinas Pliego owns 28 percent of Circuit City and could buy more of the troubled U.S. electronics chain, a Salinas spokesman said on Tuesday....
    Date: 18 Nov 2008 15:46:12 EST
    GE SAYS FINANCE ARM CHANGES TO SAVE $2 BILLION IN '09
    BOSTON (Reuters) - General Electric Co said on Tuesday it was reorganizing its finance arm, GE Capital, with an eye toward saving $2 billion next year....
    Date: 18 Nov 2008 15:46:01 EST
    AUTO CHIEF EXECS ASK SENATE PANEL FOR BAILOUT
    WASHINGTON (Reuters) - The chief executives of General Motors Corp, Ford Motor Co and Chrysler submitted testimony Tuesday to the U.S. Senate Banking Committee....
    Date: 18 Nov 2008 15:29:02 EST
    ECB'S TRICHET SAYS UK MUST RESPECT EU BUDGET RULES
    LONDON (Reuters) - The government must respect European Union budget rules when considering a fiscal stimulus plan for the economy, European Central Bank President Jean-Claude Trichet said on Tuesday....
    Date: 18 Nov 2008 15:12:24 EST
    U.S. CAR EXECS TAKE CASE FOR BAILOUT TO CONGRESS
    NEW YORK (Reuters) - U.S. car executives were set to take their case for a $25 billion (16 billion pound) industry bailout to the U.S. Congress on Tuesday as they hope to overcome political opposition from influential congressional Republicans and the White House....
    Date: 18 Nov 2008 15:12:20 EST
    MEXICO'S SALINAS COULD BUY MORE OF CIRCUIT CITY
    MEXICO CITY (Reuters) - Mexican retail and media tycoon Ricardo Salinas Pliego owns 28 percent of Circuit City and could buy more of the troubled U.S. electronics chain, a Salinas spokesman said on Tuesday....
    Date: 18 Nov 2008 15:12:14 EST
    STOCKS EXTEND LOSSES ON ECONOMIC WORRY
    NEW YORK (Reuters) - Stocks slid on Tuesday, with the Nasdaq falling more than 3 percent, as worries about the worsening global economic downturn hounded markets....
    Date: 18 Nov 2008 15:12:01 EST
    WASHINGTON DEBATES BAILOUT AS IMF SEES "GENUINE CRISIS"
    WASHINGTON (Reuters) - The U.S. Treasury defended its handling of the financial bailout on Tuesday as American auto and banking woes reverberated around the globe and the International Monetary Fund said it would need rapidly increasing amounts of extra funding to fight the downturn....
    Date: 18 Nov 2008 14:55:12 EST
    + REUTERS ARCHIVE

  • ASSOCIATED PRESS

    BIG 3 CARMAKERS BEG FOR $25 BILLION AS AID STALLS
    WASHINGTON (AP) -- Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.......
    Date: 18 Nov 2008 18:53:01 EST
    BIG 3 CARMAKERS BEG FOR $25B, WARN OF CATASTROPHE
    WASHINGTON (AP) -- Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse.......
    Date: 18 Nov 2008 18:03:21 EST
    YAHOO'S FATE RIDING ON YANG'S SUCCESSOR AS CEO
    SAN FRANCISCO (AP) -- With Jerry Yang quitting as Yahoo Inc.'s chief executive, the Internet company's board will confront pivotal questions as it looks for a new leader.......
    Date: 18 Nov 2008 17:11:24 EST
    SCHWARZENEGGER OPENS CLIMATE SUMMIT WITH OBAMA
    BEVERLY HILLS, Calif. (AP) -- Gov. Arnold Schwarzenegger opened his international climate change summit on Tuesday by upstaging himself with an even bigger political star - President-elect Barack Obama.......
    Date: 18 Nov 2008 16:37:42 EST
    LAWMAKERS PRESS PAULSON ON BAILOUT PLAN CHANGES
    WASHINGTON (AP) -- Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve sky...
    Date: 18 Nov 2008 16:20:18 EST
    WALL STREET PULLS OFF FINAL-HOUR REBOUND
    NEW YORK (AP) -- Wall Street has pulled off a rebound in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low.......
    Date: 18 Nov 2008 16:20:06 EST
    WHOLESALE PRICES PLUNGE, EASING INFLATION CONCERNS
    WASHINGTON (AP) -- Wholesale prices in October experienced the biggest one-month drop on records that go back more than 60 years, illustrating the impact falling energy prices and fears of a prolonged recession can have on inflation.......
    Date: 18 Nov 2008 16:03:15 EST
    OIL PRICES FALL AGAIN AS DEMAND FOR FUEL WITHERS
    COLUMBUS, Ohio (AP) -- Oil prices continued to fall Tuesday as a government report showed that gasoline prices in October plunged further than they ever have and home heating oil, natural gas, and liquefied petroleum gas fell substantially.......
    Date: 18 Nov 2008 15:46:35 EST
    BIG THREE AUTOMAKERS BEG FOR $25 BILLION LIFELINE
    WASHINGTON (AP) -- Detroit's Big Three automakers pleaded with Congress Tuesday for a $25 billion lifeline to save their once-proud companies from collapse, warning of broader peril for the national economy as well.......
    Date: 18 Nov 2008 15:12:30 EST
    WALL STREET PULLS BACK AMID ECONOMIC UNCERTAINTY
    NEW YORK (AP) -- Wall Street retreated in another turbulent session Tuesday, as investors refrained from making big bets in a volatile market battered by a stream of weak economic data.......
    Date: 18 Nov 2008 14:38:42 EST
    WALL STREET FLUCTUATES ON WEAK ECONOMIC DATA
    NEW YORK (AP) -- Wall Street fluctuated Tuesday, as investors refrained from making big bets in a volatile market battered by a stream of weak economic data.......
    Date: 18 Nov 2008 13:47:12 EST
    HOMEBUILDER SENTIMENT INDEX PLUNGES TO RECORD LOW
    LOS ANGELES (AP) -- The National Association of Home Builders says its housing market index plunged to another record low this month as the U.S. financial crisis, rising unemployment and swelling uncertainty over the economy shook builders' confidence about the prospect for a housing recovery......
    Date: 18 Nov 2008 13:30:31 EST
    WALL STREET MAKES ADVANCE
    NEW YORK (AP) -- Wall Street staged a cautious rally Tuesday, as a better-than-expected outlook from computer maker Hewlett-Packard Co. helped offset downbeat economic news.......
    Date: 18 Nov 2008 13:13:30 EST
    OIL PRICES STEADY DESPITE SIGNS DEMAND FALLING
    COLUMBUS, Ohio (AP) -- Oil prices fluctuated Tuesday even as the government reported that gasoline prices recorded their largest drop ever in October and prices for home heating oil, natural gas, and liquefied petroleum gas fell substantially.......
    Date: 18 Nov 2008 12:56:37 EST
    PAULSON VOICES OPPOSITION TO BIG 3 BAILOUT BILL
    WASHINGTON (AP) -- Treasury Secretary Henry Paulson told Congress on Tuesday that the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund for a $25 billion rescue package for Detroit's Big Three automakers, no matter how badly they need the...
    Date: 18 Nov 2008 12:56:32 EST
    MASS. REGULATOR ACCUSES OPPENHEIMER & CO. OF FRAUD
    BOSTON (AP) -- Massachusetts' top securities regulator on Tuesday accused Oppenheimer & Co. Inc. of fraud over the investment bank's sales of auction-rate securities to customers who couldn't access their money after the market for the risky investments froze.......
    Date: 18 Nov 2008 12:39:38 EST
    PAULSON: DON'T USE BAILOUT MONEY FOR AUTOMAKERS
    WASHINGTON (AP) -- Treasury Secretary Henry Paulson told Congress on Tuesday that the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund for a $25 billion rescue package for Detroit's Big Three automakers, no matter how badly they need the...
    Date: 18 Nov 2008 12:39:26 EST
    OIL PRICES FLUCTUATE DESPITE SIGNS DEMAND FALLING
    COLUMBUS, Ohio (AP) -- Oil prices fluctuated Tuesday even as the government reported that gasoline prices recorded their largest drop ever in October and prices for home heating oil, natural gas, and liquefied petroleum gas fell substantially.......
    Date: 18 Nov 2008 12:05:21 EST
    COURT ISSUES INJUNCTION AGAINST UNITED PILOT UNION
    MINNEAPOLIS (AP) -- United Airlines said on Tuesday that a federal judge has barred its pilot union and four pilots from activities that disrupt the airline's activities.......
    Date: 18 Nov 2008 11:31:26 EST
    BUSH TRYING AGAIN TO STEM HOLIDAY FLIGHT DELAYS
    WASHINGTON (AP) -- Anticipating another holiday travel crunch, President Bush on Tuesday said his administration is taking steps to prevent the frustrating flight delays that many travelers experience.......
    Date: 18 Nov 2008 11:31:20 EST
    + ASSOCIATED PRESS ARCHIVE

  • WALL STREET JOURNAL

    STATE SAYS EXECUTIVES SOLD BEFORE MART FROZE
    Massachusetts accused executives at an Oppenheimer unit of "unloading" $3 million of their personal holdings in auction-rate securities....
    Date: 18 Nov 2008 19:27:05 EST
    H-P SKIRTS SLUMP IN PC DEMAND
    Hewlett-Packard posted better-than-expected earnings, aided by cost cuts, and forecast improved profit. Revenue rose 19%....
    Date: 18 Nov 2008 19:10:09 EST
    OPPENHEIMER HIT WITH AUCTION-RATE COMPLAINT
    A Massachusetts regulator accused Oppenheimer executives of "unloading" $3 million of personal holdings in auction-rate securities before the market for the investments imploded....
    Date: 18 Nov 2008 18:53:15 EST
    FUTURE OF FANNIE, FREDDIE DEBATED
    Debate is heating up on the future of Fannie Mae and Freddie Mac as they flounder with heavy losses and difficulties in borrowing through long-term bonds....
    Date: 18 Nov 2008 18:36:03 EST
    MGM NAMES NEW CHAIRMAN, CEO
    MGM Mirage named James J. Murren chairman and chief executive to succeed J. Terrence Lanni, who is retiring as questions arose about his resume....
    Date: 18 Nov 2008 17:28:26 EST
    SAKS TO PUSH HOLIDAY DISCOUNTS
    Luxury retailer Saks swung to a third-quarter loss and said it will step up discounting in the holiday season amid a slump in consumer spending....
    Date: 18 Nov 2008 17:11:31 EST
    STOCKS GAIN DESPITE HURDLES
    Stocks climbed, overcoming dismal housing data, a continued drop in financial shares and uncertainty over an auto bailout. The Dow industrials advanced 151 points....
    Date: 18 Nov 2008 16:37:56 EST
    BIG THREE PRESS FOR URGENT AID
    GM, Chrysler and Ford urged a Senate panel to provide emergency assistance from the government to avert what they said would be an economic catastrophe....
    Date: 18 Nov 2008 15:46:44 EST
    BIG THREE ASK FOR URGENT AID
    GM, Chrysler and Ford urged a Senate panel to provide emergency assistance from the government to avert what they said would be an economic catastrophe....
    Date: 18 Nov 2008 15:29:13 EST
    FINANCIALS DRAG MARKETS DOWN
    Financial stocks were again leading the stock market lower after an early rally built on optimism about the tech sector evaporated. Citigroup dropped 11%....
    Date: 18 Nov 2008 15:12:35 EST
    ONLINE SPENDING GROWTH SLOWS
    Online spending growth in October fell to its lowest rate since 2001, indicating a challenging holiday season for online retailers....
    Date: 18 Nov 2008 14:21:34 EST
    HOME-BUILDER INDEX PLUNGES TO NEW LOW
    Home builders' confidence in the market plunged to a record low amid overwhelming uncertainty about the economy. Meanwhile, resale prices fell in four out of five U.S. cities in the third quarter....
    Date: 18 Nov 2008 14:21:19 EST
    HOUSING DATA TRIP UP STOCKS
    An early stock rally fizzled following the release of dismal housing data, which rekindled investors' fears about the broader economy....
    Date: 18 Nov 2008 14:04:24 EST
    HOME-BUILDER INDEX PLUNGES TO LOW
    Home builders' confidence in the market plunged to a record low amid overwhelming uncertainty about the economy. Meanwhile, resale prices fell in four out of five U.S. cities in the third quarter....
    Date: 18 Nov 2008 13:47:19 EST
    TECH, ENERGY BUOY MARKET
    An early stock rally lost steam, but the energy and technology sectors clung to their gains. H-P and Yahoo surged, jumping more than 10% each....
    Date: 18 Nov 2008 13:30:37 EST
    INDIA'S DIAMOND CAPITAL LOSES SPARKLE
    The western Indian state of Gujarat, the global capital of the diamond-polishing trade, is losing its luster amid the U.S. slowdown....
    Date: 18 Nov 2008 13:13:41 EST
    PAULSON: RESCUE IS WORKING
    The Treasury secretary expressed some hope during a House hearing that financial-rescue efforts are working and said that policy makers may have "turned the corner" in preventing a collapse. (Remarks)...
    Date: 18 Nov 2008 11:48:14 EST
    PAULSON: RESCUE HAS WORKED
    The Treasury secretary expressed some hope during a House hearing that rescue efforts are working and said that policy makers may have "turned the corner" in preventing a collapse. (Remarks)...
    Date: 18 Nov 2008 11:14:49 EST
    CROP PRICES THREATEN FARMING BOOM
    As global crop prices shot up, Cambodian frontier town Banlung became a boomtown. Now, with grain prices plummeting, Banlung's future is in doubt....
    Date: 18 Nov 2008 10:57:41 EST
    TECH, ENERGY BOOST MARKET
    Stocks enjoyed a broad rally led by the energy sector and technology. H-P and Yahoo surged, jumping more than 10% each....
    Date: 18 Nov 2008 10:57:31 EST
    + WALL STREET JOURNAL ARCHIVE

  • FINANCIAL TIMES

    HOPES RIDE ON SIMPLICITY TO SAVE DRY BULK RATES
    Radical steps to address the crisis in the shipping industry triggered by a collapse in dry bulk freight rates will be proposed at emergency talks in London...
    Date: 18 Nov 2008 19:10:31 EST
    M&S TO HOLD 20%-OFF SALE FOR ONE DAY
    Retailer shows its anxiety over retail climate with decision to hold its biggest pre-Christmas promotion for four years to stimulate flagging revenue...
    Date: 18 Nov 2008 19:10:22 EST
    TATA STEEL SETS OUT TO DOUBLE MARGINS
    Tata Steel has unveiled plans to double its profit margins over the next five years, in spite of the battering the sector is suffering from the downturn in the global economy...
    Date: 18 Nov 2008 18:53:30 EST
    AT LEAST 12,000 BUSINESSES LOSE INSURANCE
    Atradius moves to claw back insurance offered to suppliers for non-payment of bills...
    Date: 18 Nov 2008 18:53:23 EST
    SIR STELIOS ABSTAINS ON EASYJET ACCOUNTS
    Sir Stelios Haji-Ioannou, founder and non-executive director of EasyJet, has deepened his row with the rest of the board by refusing to approve the airline's annual accounts...
    Date: 18 Nov 2008 18:03:28 EST
    US ECONOMY CHIEFS SAY POLICIES BEAR FRUIT
    The cost of insuring top quality US companies against default hit a record high even as Hank Paulson and Ben Bernanke told Congress that their radical policy actions to ease the credit crisis were starting to bear fruit....
    Date: 18 Nov 2008 17:45:06 EST
    CALL FOR NAVIES TO SEEK OUT PIRATES' SHIPS
    Naval forces off Somalia must take firm action to tackle the vessels pirates are using as bases for long-range attacks, say shipping organisations...
    Date: 18 Nov 2008 16:54:25 EST
    YAHOO BOOSTED BY RENEWED DEAL HOPES
    Hopes that Yahoo's plan to replace Jerry Yang as chief executive would clear the way for a deal with Microsoft lifted the struggling internet company's shares...
    Date: 18 Nov 2008 16:54:20 EST
    POOR UK RESULTS UNDERLINE GLOOM
    Britain's mid-sized companies across a range of sectors report disappointing data as evidence mounts that the global financial turmoil is spilling over into the wider economy...
    Date: 18 Nov 2008 16:54:12 EST
    CAMERON GAMBLES ON FISCAL CAUTION
    David Cameron has opened up clear water with the Labour party over tax and spending in a high-risk election strategy...
    Date: 18 Nov 2008 16:38:09 EST
    RETREAT BY BARCLAYS FAILS TO END REVOLT
    Barclays was facing renewed shareholder anger in spite of moves aimed at heading off a revolt over its plans to raise more than £7bn in fresh capital from Middle Eastern investors...
    Date: 18 Nov 2008 16:20:28 EST
    PAULSON CONSIDERING HOME LOAN AID
    The Bush administration has not ruled out using money from a $700bn bail-out fund to back home loan modifications, Hank Paulson said...
    Date: 18 Nov 2008 14:55:26 EST
    BARCLAYS BOWS TO INVESTOR PRESSURE
    The bank is changing the terms of its £7bn capital raising so that investors can participate in the issue of a security paying a 14% coupon, and its executive directors have waived any annual bonus for 2008....
    Date: 18 Nov 2008 14:55:18 EST
    PIRATES SEIZE ANOTHER SHIP IN GULF OF ADEN
    Cargo vessel bound for Iran carrying 36,000 tonnes of wheat captured as Saudi supertanker laden with 2m barrels of oil is anchored off northern Somalia...
    Date: 18 Nov 2008 14:04:30 EST
    UK INFLATION FALLS FOR FIRST TIME IN 15 MONTHS
    Consumer price inflation tumbled far more rapidly than expected in October to an annual rate of 4.5 per cent from 5.2 per cent the previous month, implying that prices may be falling even faster than recent estimates...
    Date: 18 Nov 2008 13:47:26 EST
    CITI TO CUT 52,000 MORE JOBS
    Citigroup took radical action to cushion the blows of the financial turmoil and revive its flagging share price, announcing plans to axe 52,000 jobs, or one in seven employees, and slash costs by about $10bn...
    Date: 18 Nov 2008 13:13:53 EST
    NEW SHIP SEIZED IN GULF OF ADEN
    Pirates operating off the coast of east Africa are reported to be bringing a Saudi supertanker laden with an estimated 2m barrels of oil to anchor off northern Somalia...
    Date: 18 Nov 2008 11:31:32 EST
    PIRATES ANCHOR SUPERTANKER AND TAKE HK SHIP
    Pirates operating off the coast of east Africa are reported to be bringing a Saudi supertanker laden with an estimated 2m barrels of oil to anchor off northern Somalia...
    Date: 18 Nov 2008 11:15:04 EST
    RED CROSS WARNS OF HIT FROM RECESSION
    The world's biggest humanitarian organisation is considering cutting staff and shelving projects as it braces for recession-hit donors to slash aid contributions, even as poor countries face greater social unrest and economic hardship as a result of the global slowdown...
    Date: 18 Nov 2008 11:14:58 EST
    DARLING WARNS ON BANK RECAPITALISATIONS
    The chancellor said investors should not expect favourable treatment if they seek government funding or try to change the terms of their existing bail-outs, in a clear rebuff to Sir Peter Burt and Sir George Mathewson, who have been campaigning to keep HBOS independent...
    Date: 18 Nov 2008 10:23:34 EST
    + FINANCIAL TIMES ARCHIVE

  • TIMES OF LONDON

    TOP 100 GRADUATE EMPLOYERS: NO 81 E.ON
    What is it?...
    Date: 18 Nov 2008 19:27:25 EST
    OUTSOURCE AND MAKE IT WORK FOR YOU
    1 Know what you're getting into...
    Date: 18 Nov 2008 19:27:22 EST
    NEMAT SAHFIK: WORLD VISION WAS FIRED AT HOME
    If Nemat (“Minouche”) Shafik thought that being hauled in front of the Government's notoriously tough Public Accounts Committee on her first day as Permanent Secretary at the Department for International Development was bad, she'd soon learn that there was worse to come....
    Date: 18 Nov 2008 19:27:19 EST
    BARCLAYS LEFT THOROUGHLY SHAKEN
    If you think big City investors were upset about Marks & Spencer’s boardroom reshuffle, you should hear them on the subject of Barclays. I can’t repeat some of the comments in a family column. But take it from me, they are mad as hell....
    Date: 18 Nov 2008 18:54:50 EST
    WALL STREET LOOKS TO INTEREST RATES OF 0.5%
    A record fall in American producer prices last month has led Wall Street to price-in a half-percentage-point cut in interest rates, to 0.5 per cent, when the US Federal Reserve meets on December 16....
    Date: 18 Nov 2008 18:54:35 EST
    CARREFOUR SHARES JUMP AS NEW BOSS LARS OLOFSSON OUTLINES PLANS
    Carrefour, the world's second-biggest retailer, will forge ahead with a programme to downsize its supermarkets in Europe after dismissing José Luís Duran, its chief executive, yesterday....
    Date: 18 Nov 2008 18:54:27 EST
    FORD SELLS MAZDA STAKE AND SEEKS AID FROM CONGRESS
    Ford ended 12 years in the driving seat at Mazda yesterday with the sale of a 20 per cent stake in the Japanese carmaker. The struggling American company, which has given warning that it could run out of cash by next April, will raise about $538 million ($£359 million)....
    Date: 18 Nov 2008 18:54:21 EST
    INVESTORS CRY 'YAHOO!' AS JERRY YANG STEPS DOWN AND REVIVES THE PROSPECT OF A MICROSOFT DEAL
    Jerry Yang's resignation as chief executive of Yahoo! added $2billion ($£1.33billion) to the value of the company yesterday as investors licked their lips at the prospect of a new deal with Microsoft....
    Date: 18 Nov 2008 18:54:15 EST
    BRADFORD & BINGLEY CHAIRMAN RICHARD PYM FAILED TO SEE STORMS ON HORIZON
    The chief executive of Bradford & Bingley (B&B) was likened yesterday by MPs investigating the collapse of the mortgage lender to the weather forecaster who missed the 1987 hurricane...
    Date: 18 Nov 2008 18:54:10 EST
    INDEPENDENT NEWSPAPERS TO CUT 20 PER CENT OF STAFF
    One in five journalists will be made redundant at The Independent and its Sunday sister title, the latest in a string of layoffs across the newspaper business brought on by the economic downturn....
    Date: 18 Nov 2008 18:54:06 EST
    PARTNERS AT UK’S TEN BIGGEST LAW FIRMS TAKE HOME £1.1M IN PROFITS
    Partners at Britain’s ten biggest law firms took home an average of £1.1 million in profits last year....
    Date: 18 Nov 2008 18:54:01 EST
    EASYJET BOARDROOM DISPUTE DEEPENS AS FOUNDER QUESTIONS AIRCRAFT PURCHASES
    The row between the board of easyJet and its biggest shareholder escalated yesterday as Sir Stelios Haji-Ioannou questioned the low-cost airline's ability to finance aircraft purchases and said that it would be loss-making this winter....
    Date: 18 Nov 2008 18:53:54 EST
    DEFLATION IS THE NEW BOGEY WORD AS CRUNCH SENDS PRICES TUMBLING
    The spectre of 1930s-style deflation in the British economy loomed yesterday after figures showed that prices of many goods slumped last month as recession tightened its grip....
    Date: 18 Nov 2008 18:53:49 EST
    SUNDERLAND PROVES IT IS ANYTHING BUT GRIM UP NORTH
    Sunderland, with a population of 300,000 and once famous as the home of 65 shipyards, now has Britain’s fastest-growing business base – an achievement by any standards, but one for the North East to celebrate as recession swirls through much of industry, including the city’s Nissan factory....
    Date: 18 Nov 2008 18:53:45 EST
    WOOLWORTHS IN TALKS TO SELL RETAIL EMPIRE TO RESCUE FUND FOR £1
    Woolworths is in talks to sell its entire high street business to Hilco, the specialist distressed fund, for £1....
    Date: 18 Nov 2008 18:53:37 EST
    US TREASURY SECRETARY HENRY PAULSON REJECTS CARMAKERS AID PLEA
    Henry Paulson, the US Treasury Secretary who controls Washington's $700 billion bailout fund, stuck to his guns yesterday and insisted that his rescue scheme must not be used to save America's biggest car companies, even as the head of General Motors said that without state aid the industry wou...
    Date: 18 Nov 2008 18:53:34 EST
    PAULSON FUND ‘IS NOT THE ANSWER’ TO ALL AMERICA’S ILLS
    Henry Paulson, the US Treasury Secretary, told lawmakers in Washington that his $700 billion bail-out fund should not be seen as the answer to all America's economic problems.$...
    Date: 18 Nov 2008 14:04:33 EST
    PAULSON: US ECONOMY NEEDS MORE THAN TARP
    Henry Paulson, the US Treasury Secretary, told lawmakers in Washington that his $700 billion bail-out fund should not be seen as the answer to all America's economic problems.$...
    Date: 18 Nov 2008 13:14:02 EST
    INDEPENDENT CUTS 90 JOBS AS LOSSES INCREASE
    Independent News & Media will cut 90 jobs at The Independent and The Independent on Sunday in the next few months in a bid to stem losses from declines in advertising revenue....
    Date: 18 Nov 2008 11:31:40 EST
    BURBERRY TAKES A CHECK ON LUXURY SPENDING
    Burberry is the latest upmarket brand to suffer from the sudden downturn in luxury spending, as it admitted today that the economic climate was hitting sales....
    Date: 18 Nov 2008 11:15:17 EST
    + TIMES OF LONDON ARCHIVE

  • SKY NEWS

    B AND B TO DOUBLE ARREARS STAFF
    Nationalised lender Bradford & Bingley is to double its arrears staff in response to deteriorating market conditions....
    Date: 18 Nov 2008 12:22:28 EST
    M AND S WOMENSWEAR GURU QUITS
    The fashion designer behind Marks & Spencer's hit Per Una womenswear range is retiring from the business....
    Date: 18 Nov 2008 12:22:11 EST
    PM: 'FAMILIES NEED HELP NOW'
    Gordon Brown has attacked the Tories' decision to abandon the Government's spending plans....
    Date: 18 Nov 2008 09:50:02 EST
    END OF THE LINE FOR RAIL WORKERS
    A leading transport firm - National Express - has told union leaders it plans to shed more than 300 jobs....
    Date: 18 Nov 2008 09:49:57 EST
    CAMERON ABANDONS SPENDING PLANS
    David Cameron has abandoned his party's promise to stick to the Government's spending plans....
    Date: 18 Nov 2008 06:25:45 EST
    NO BONUSES FOR BARCLAYS BOSSES
    Executive directors at Barclays will not receive any annual bonus this year, as the bank seeks to pacify investors over its £7bn fundraising....
    Date: 18 Nov 2008 06:25:40 EST
    HUGE DROP IN THE COST OF LIVING
    Inflation is now dropping at its fastest rate for 16 years - thanks mainly to falling fuel prices....
    Date: 18 Nov 2008 06:25:36 EST
    CRACKDOWN ON ROGUE EMPLOYERS
    The Government has launched a new campaign to ensure workers are paid the minimum wage....
    Date: 18 Nov 2008 06:08:54 EST
    EASYJET PROFITS TAKE A NOSEDIVE
    Profits at budget airline easyJet have fallen 35% to £123m....
    Date: 18 Nov 2008 06:08:48 EST
    INFLATION STARTING TO FALL AGAIN
    The Consumer Prices Index (CPI) fell to 4.5% in October from 5.2% in September, official figures showed today....
    Date: 18 Nov 2008 06:08:41 EST
    INFLATION TO DROP AFTER BIG RISES
    The latest inflation figures are expected to show a fall for the first time in over a year....
    Date: 18 Nov 2008 04:09:18 EST
    CONSTRUCTION FIRM AXING 2,000 JOBS
    Building supplies firm Wolseley is to axe 2,000 jobs in the UK and close more than 200 branches, it has announced....
    Date: 18 Nov 2008 02:44:35 EST
    INFLATION TO FALL AFTER 12 MONTHS
    The latest inflation figures are expected to show a fall for the first time in over a year....
    Date: 18 Nov 2008 01:53:37 EST
    'MORE SOUTHERNERS WILL LOSE JOBS'
    Experts said 'it's grim down south' - as they predicted most job losses will happen around London....
    Date: 17 Nov 2008 16:20:50 EST
    US BANK CUTS SPARK UK JOB FEARS
    There are fears for British jobs after American banking giant Citigroup announced it would cut up to 50,000 posts worldwide....
    Date: 17 Nov 2008 09:15:56 EST
    BROWN HINTS AGAIN AT BIG TAX CUTS
    The Prime Minister has given another strong indication that there could be large-scale tax cuts in next week's Pre-Budget Report....
    Date: 17 Nov 2008 08:59:21 EST
    INVESTORS SHRUG OFF RECESSION NEWS
    Japan - the world's second biggest economy - has become another victim of the global financial crisis....
    Date: 17 Nov 2008 07:37:27 EST
    CBI PREDICTS 'DEEPER' RECESSION
    A business group has warned the recession will be "deeper and longer" than previously thought....
    Date: 17 Nov 2008 05:02:00 EST
    FOOD GLORIOUS FOOD IN EXPORT BOOM
    Sales of British food and drink are booming as Scottish whisky and English beef fly off European shelves....
    Date: 17 Nov 2008 04:43:46 EST
    JAPAN'S ECONOMY NOW IN RECESSION
    Japan, the second largest economy in the world, has become the latest country to officially slip into recession....
    Date: 17 Nov 2008 03:52:36 EST
    + SKY NEWS ARCHIVE

  • NEW YORK TIMES

    LIVE BLOGGING THE SENATE AUTOMAKER HEARINGS
    The chief executives of G.M., Ford and Chrysler are making the case for federal assistance before a Senate committee....
    Date: 18 Nov 2008 18:55:07 EST
    LAWMAKERS URGE PAULSON TO HELP HOMEOWNERS
    Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners....
    Date: 18 Nov 2008 17:45:22 EST
    ASIAN BANKS NOW AFFECTED BY WORLD FINANCIAL CRISIS
    HSBC announced that it would cut 500 jobs in Asia. And Citigroup’s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them....
    Date: 18 Nov 2008 16:55:10 EST
    MARKETS END VOLATILE SESSION HIGHER
    The Dow moved higher in the last hour as the Big Three American automakers took their case for a bailout to Capitol Hill....
    Date: 18 Nov 2008 16:55:06 EST
    DEALBOOK: CUOMO KEEPS A.I.G. IN HIS SIGHTS
    The New York attorney general asked the American International Group whether it was still planning to give out bonuses or raises after the government rescued the insurer from collapse....
    Date: 18 Nov 2008 16:55:00 EST
    LAWMAKERS RENEW CALL FOR MORE HOMEOWNER HELP
    Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners....
    Date: 18 Nov 2008 16:54:48 EST
    INCREASINGLY, CHINA’S AUTO INDUSTRY SEEKS A BAILOUT
    China’s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said....
    Date: 18 Nov 2008 16:54:44 EST
    THE LEDE: LIVE BLOGGING THE SENATE AUTOMAKER HEARINGS
    The chief executives of G.M., Ford and Chrysler are making the case for federal assistance before a Senate committee....
    Date: 18 Nov 2008 16:54:35 EST
    AUTOMAKERS MAKE THEIR CASE FOR FEDERAL HELP
    The heads of the Big Three and the United Auto Workers union were arguing for federal help before a Senate committee....
    Date: 18 Nov 2008 16:54:31 EST
    BARCLAYS AMENDS PLAN FOR EQUITY STAKE SALE
    The British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders....
    Date: 18 Nov 2008 14:55:50 EST
    UNABLE TO HOLD GAINS, MARKETS SLIP
    After bounding higher on a strong outlook from Hewlett Packard, markets fell lower in midday trading, adding to sharp losses from the start of the week....
    Date: 18 Nov 2008 14:55:40 EST
    NEW VETERANS HIT HARD BY ECONOMIC CRISIS
    A combination of factors including unemployment and injury has forced many veterans into foreclosure....
    Date: 18 Nov 2008 13:47:42 EST
    EMERGING COUNTRIES CALLED KEY TO GLOBAL RECOVERY
    It will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts....
    Date: 18 Nov 2008 13:47:37 EST
    LAWMAKERS RENEW CALL FOR MORE HELP FOR HOMEOWNERS
    Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners avoid foreclosure....
    Date: 18 Nov 2008 13:47:32 EST
    DEALBOOK COLUMN: A BRIDGE LOAN? U.S. SHOULD GUIDE G.M. IN A CHAPTER 11
    There is a fix to G.M.’s dance with disaster. Call it a government-sponsored bankruptcy....
    Date: 18 Nov 2008 12:57:29 EST
    PEPSI BOTTLING CUTS 3,150 JOBS, MOSTLY IN MEXICO
    The cuts are part of a restructuring plan at Pepsi Bottling Group, which cut its forecast for full-year earnings, citing weaker foreign currencies....
    Date: 18 Nov 2008 12:57:17 EST
    WEIGHED DOWN BY FORECLOSURES, HOME SALES FALL
    The prices of existing single-family homes prices fell 9 percent in the third quarter compared with the period a year ago, weighed down by foreclosure sales, a trade group report showed....
    Date: 18 Nov 2008 12:57:07 EST
    WALL STREET HIGHER AFTER H.P. REPORT
    Wall Street gained as investors seized on a strong outlook from Hewlett-Packard, a rare glimmer of good news amid signs the economy is falling farther into a downturn....
    Date: 18 Nov 2008 12:56:57 EST
    H.P. EXPECTS REVENUE AND PROFITS WILL TOP FORECASTS
    Hewlett-Packard’s comparatively optimistic forecast bucked the trend of gloomy predictions from other major tech companies....
    Date: 18 Nov 2008 11:48:23 EST
    WALL STREET MIXED AFTER ECONOMIC DATA
    Shares fluctuated as investors tried to balance a strong outlook from the computer maker Hewlett-Packard against some weak economic data....
    Date: 18 Nov 2008 10:40:48 EST
    + NEW YORK TIMES ARCHIVE

  • FORBES

    YAHOO!S FIVE BIGGEST MISTAKES
    The Web portal's employees open up (a little) about the company's problems....
    Date: 18 Nov 2008 19:27:45 EST
    DON'T COUNT ON A DETROIT BAILOUT
    At least not this week. Here's why....
    Date: 18 Nov 2008 19:27:38 EST
    YAHOO!'S FIVE BIGGEST MISTAKES
    The Web portal's employees open up (a little) about the company's problems....
    Date: 18 Nov 2008 19:27:34 EST
    GLOBAL GUIDE TO TIPPING
    Pointers on decoding the mystery behind this ritual....
    Date: 18 Nov 2008 18:55:23 EST
    LAYOFF TRACKER
    Number of layoffs since Nov. 1, 2008: 86,795....
    Date: 18 Nov 2008 18:55:19 EST
    WHAT A CEO WILL COST YAHOO!
    What will the board have to promise someone to take the job?...
    Date: 18 Nov 2008 18:19:22 EST
    THE BEST SCHOOL-BUILDER IN AFGHANISTAN
    Three Cups of Tea author or the U.S. Army?...
    Date: 18 Nov 2008 16:03:35 EST
    HOW TO FIGHT SUPER PESTS? BUILD SUPERBUGS.
    USDA paves way for growing predators in the lab to fight threats to agriculture....
    Date: 18 Nov 2008 16:03:28 EST
    PAULSON: DONE BAILING FOR NOW?
    The bailout's remaining $350 billion might wait for the next administration....
    Date: 18 Nov 2008 15:46:55 EST
    ECONOMIC DEJA-VU
    A replay of America in the 1970s and Japan in the 1990s....
    Date: 18 Nov 2008 14:04:44 EST
    PAULSON TO AUTOMAKERS: NO TARP FOR YOU
    The Treasury chief supports help for Detroit, just not out of his own financial rescue coffers....
    Date: 18 Nov 2008 12:57:40 EST
    LARRY SUMMERS FOR TREASURY SECRETARY
    Once again, Harvard students are smarter than the faculty....
    Date: 18 Nov 2008 12:39:56 EST
    SHARING THE BLAME FOR DETROIT MESS
    Management has primary responsibility for the failure, but many others did their share of damage....
    Date: 18 Nov 2008 12:39:50 EST
    THE REAL ECONOMIC THREAT: DISTORTED PRICES
    Capitalism doesn't work as it should when price signals are blocked or distorted....
    Date: 18 Nov 2008 12:22:44 EST
    COMSCORE'S GOLDEN MEASURE
    As online publishers face a daunting new year, a report sets out to prove that Internet display ads work....
    Date: 18 Nov 2008 11:48:33 EST
    XBOX 360 TRIES TO WOO MASSES
    Microsoft reboots its game console in hopes of expanding beyond hardcore gamers....
    Date: 18 Nov 2008 10:41:02 EST
    META DATA: XBOX
    Xbox 360 leverages social networking....
    Date: 18 Nov 2008 10:40:55 EST
    BARCLAYS BACKTRACKS
    The bank is giving its shareholders a taste of the juicy deal being offered to Middle Eastern investors....
    Date: 18 Nov 2008 10:06:36 EST
    IPHONE'S PRICING PROBLEM IN INDIA
    Apple's hot-selling gizmo is off to a slow start in India. Does this spell trouble for China?...
    Date: 18 Nov 2008 09:32:49 EST
    TOUGH CHOICES FOR NEW CARREFOUR BOSS
    The retailer's incoming chief executive may not have the freedom of maneuver for radical restructuring....
    Date: 18 Nov 2008 08:08:04 EST
    + FORBES ARCHIVE

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