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News of the 08/18/2008

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UAW to suspend jobs bank, rework healthcare trust
GM Seeks $18B in Federal Aid
Brown unveils mortgage help plan
    

UK retailer Woolworths rejects takeover bid

  
British retailer Woolworths Group PLC's share price shot up as much as 23 percent on Monday, after it rejected an offer from Iceland Foods Ltd. for its retail division.
    From Boston Globe | Add a commentary | Report abuse
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Business confidence continues to fall but economic realism should prevent recession, says ICAEW

  
As the economic slowdown continues there is a growing realism among UK businesses that they must take action now for the tough times ahead, according to the latest Business Confidence Monitor (BCM) from the Institute of Chartered Accountants in England an
    From EduBourse | Add a commentary | Report abuse
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UK 'Recession And Unemployment'

  
Some 300,000 people will lose their jobs over the next two to three years and unemployment levels may top two million, Britain's business leaders say.
    From Sky News | Add a commentary | Report abuse
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Market Traders Told To Pipe Down

  
Market traders have been told to stop shouting out their offers because the noise is annoying office workers.
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Lowe's posts lower quarterly profit

  
ATLANTA (Reuters) - Lowe's Cos reported a lower second-quarter profit on Monday as consumers took on fewer big-ticket remodels amid the U.S. housing slump.
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HP introduces lightweight business laptops

  
NEW YORK (Reuters) - Hewlett-Packard Co has announced a line of portable lightweight computers aimed at business travelers to compete with a product range announced by rival Dell Inc last week.
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Citigroup's new Asia CEO reorganizes by region

  
Citigroup Inc <C.N>, the largest U.S. bank by assets, unveiled a reorganization of its Asia-Pacific business on Monday that gives regional heads increased authority across the bank's sprawling product lines.
    From Boston Globe | Add a commentary | Report abuse
 

A late rush for stimulus checks

  
More than 150,000 Massachusetts residents, mostly low-income retirees and disabled veterans, have yet to file paperwork to receive federal economic stimulus checks worth as much as $600, according to the Internal Revenue Service.
    From Boston Globe | Add a commentary | Report abuse
 

Asia rebounds on bargain-hunting

  
Aug 18 - A battered Asian share market saw investors return to bargain-hunt Monday, but a sustained rally was not expected.
    From Reuters | Add a commentary | Report abuse
 

London House Prices Forced Down

  
Homeowners in the capital have been forced to drastically drop their selling prices to fall in with the rest of the country, according to a new report.
    From Sky News | Add a commentary | Report abuse
 

Terracotta warriors

  
Aug 18 - Several of China's famous terracotta warriors have been carried to Beijing's Olympic Green.
    From Reuters | Add a commentary | Report abuse
 

Brinker to sell stake in Romano's Macaroni Grill

  
NEW YORK (Reuters) - Brinker International Inc said on Monday it agreed to sell a majority interest in restaurant chain Romano's Macaroni Grill to an affiliate of private equity firm Golden Gate Capital for $131.5 million in cash.
    From Reuters | Add a commentary | Report abuse
 

UK recession warning

  
Aug 18 - A further prediction of recession for the UK, while informed opinion in France and Germany suggests economies almost flatlining in Q3.
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Supply of rental properties rises

  
The number of properties up for rent has jumped as people who cannot sell their homes decide to let them instead.
    From BBC News | Add a commentary | Report abuse
 

Stocks slammed by Fannie/Freddie

  
Aug 18 - Mortgage giants Fannie Mae and Freddie Mac came under intense pressure after a media report that a bail-out could wipe out shareholders. Both companies saw shares plunge over 20 percent.
    From Reuters | Add a commentary | Report abuse
 

Oil and Gas price disconnect

  
Aug 18 -Gas prices have keep pace with the rising cost of crude oil but not on the way down.
    From Reuters | Add a commentary | Report abuse
 
    
    
    





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