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News of the 08/24/2008

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Workers strike in Russian city
UAW to suspend jobs bank, rework healthcare trust
GM Seeks $18B in Federal Aid
    

Man who supplied strippers to NY teen bash is shot

  
The owner of a stripper business that made headlines after an infamous high school party in upscale Westchester County has been shot as he escorted strippers to a bachelor bash.
    From Boston Globe | Add a commentary | Report abuse
 

BE backer 'proposes Centrica tie'

  
One of the largest shareholders in nuclear power generator British Energy calls for it to merge with Centrica, it is reported.
    From BBC News | Add a commentary | Report abuse
 

Bernanke looks for new regulatory approach

  
JACKSON HOLE, Wyoming (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke's suggestion that financial supervision be revamped to take into account the health of the entire system is a logical response to recent market turmoil, but may be a difficult concept to execute.
    From Reuters | Add a commentary | Report abuse
 
    
News of the 08/22/2008
    

Dollar climbs back as Bernanke speaks, oil drops

  
The dollar turned up against major currencies Friday as Federal Reserve Chairman Ben Bernanke said he would "act as necessary" to control inflation at an economics conference and as oil retreated again. The British pound dropped to a 25-month low.
    From Boston Globe | Add a commentary | Report abuse
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UK economic growth ground to a halt in Q2

  
British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said Friday, as many fear the country is headed for recession.
    From Boston Globe | Add a commentary | Report abuse
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Californians wary of costs of going green: survey

  
LOS ANGELES (Reuters) - Most Californians won't support the state's ambitious efforts to fight global warming if they lead to sharply higher energy costs, according to a survey commissioned by a pro-business group released on Thursday.
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Treasury still wants GSEs shareholder-owned: source

  
WASHINGTON (Reuters) - Any effort by the Treasury Department to backstop Fannie Mae and Freddie Mac would seek to maintain the companies as shareholder-owned enterprises, a source familiar with Treasury thinking said on Friday.
    From Reuters | Add a commentary | Report abuse
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Buffett, others say high U.S. debt levels pose risks

  
NEW YORK (Reuters) - Warren Buffett, the billionaire co-founder of a top private equity firm and a prominent voice for U.S. fiscal responsibility, called on the United States and its elected officials to combat the nation's fast-growing, multi-trillion dollar debt load.
    From Reuters | Add a commentary | Report abuse
 

Plant society halts its payments

  
The Massachusetts Horticultural Society has informed business partners and vendors that it has "frozen" its accounts and will not pay creditors until an independent adviser completes a review of the organization's finances.
    From Boston Globe | Add a commentary | Report abuse
 

Mortgage rates 'at 2007 levels'

  
Mortgage rates are back now to where they were in August 2007 at the onset of the credit crunch, according to website Moneyfacts.
    From BBC News | Add a commentary | Report abuse
 

Big Kids Squeezed Out On Tax Rule

  
Fatter bills for clothing bigger kids have prompted urgent calls for tax rule changes to ease the burden on families.
    From Sky News | Add a commentary | Report abuse
 

Scan Staff Strike Threat To Flights

  
Baggage screeners at Stansted airport are set to press ahead with a bank holiday strike over pay, causing potential delays to thousands of passengers.
    From Sky News | Add a commentary | Report abuse
 

Weekend Festival Ticket Scam

  
Hundreds of music lovers have been left out of pocket after an internet agency failed to deliver their tickets.
    From Sky News | Add a commentary | Report abuse
 

Health And Beauty Costs Britons

  
Britons spend more on health and beauty products than consumers in any other country in the EU.
    From Sky News | Add a commentary | Report abuse
 

Azure Dynamics to raise C$25 million via placing

  
(Reuters) - Hybrid electric and electric powertrains maker Azure Dynamics Corp said it has opened a private placement to raise up to C$25 million ($23.65 million), sending its shares 17.24 percent higher in London.
    From Reuters | Add a commentary | Report abuse
 

For sale: Olympic venues

  
Aug 22 - Foreign investors compete to buy rights to Olympic sports venues and capitalise on China's zeal for sport
    From Reuters | Add a commentary | Report abuse
 

Asia shares fall on oil surge

  
Aug 22 - Asian shares fell to a two-year low as oil surged to $121 a barrel on escalating U.S.-Russian tensions.
    From Reuters | Add a commentary | Report abuse
 

Maine gets new business, PUC commissioners

  
Maine has new business regulation and public utilities commissioners. Anne Head of Yarmouth was sworn in Friday as commissioner of the Department of Professional and Financial Regulation.
    From Boston Globe | Add a commentary | Report abuse
 

Halifax Shut 53 Estate Agents

  
Halifax Estate Agents is shutting down a quarter of its branches across Britain as the housing market slump goes from bad to worse.
    From Sky News | Add a commentary | Report abuse
 

Ad Giant Rides On Olympic Spending

  
The world's second largest advertising group is on target to raise its annual profit due to its Olympic spending - despite turmoil in the global economy.
    From Sky News | Add a commentary | Report abuse
 

Bangladesh to lift salt ban

  
Aug. 22 - Bangladesh is set to lift restrictions on salt imports, causing farmers to fear competition from India and Myanmar.
    From Reuters | Add a commentary | Report abuse
 

British economy weakest since 1992

  
Aug 22 - Britain's economy failed to expand in the second quarter of 2008 for the first time since the early 1990s.
    From Reuters | Add a commentary | Report abuse
 

Timber tiff

  
Aug 22 - Russia and the European Union set for Timber tiff.
    From Reuters | Add a commentary | Report abuse
 

Housing data in focus

  
Aug. 22 - Key reports on housing are due in the week ahead.
    From Reuters | Add a commentary | Report abuse
 
    
    
    





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