Archive for November, 2008

Dubai property giant sacks 500 as finance crisis bites - Zawya.com
DUBAI, Nov 30, 2008 (AFP) - The Dubai property giant behind such grandiose projects as a one-kilometre tower and artifical palm-shaped islands said on Sunday it has fired 500 staff as the global economic crisis begins to bite in the oil-rich Gulf

PM takes charge of finance ministry - Thaindian.com
New Delhi, Nov 30 (IANS) Prime Minister Manmohan Singh will hold the additional charge of the finance ministry as Finance Minister P. Chidambaram was Sunday moved to the home ministry after Shivraj Patil’s resignation.Home Minister Patil resigned

India’s Finance Minister to Succeed Departing Home Minister - Wall Street Journal
India tapped its Finance Minister, Palaniappan Chidambaram, to become home minister after the incumbent resigned in the wake of the Mumbai terror attacks. Mr. Chidambaram steps into the role at a time that security is high on the political agenda

Chidamabaram gets Home Ministry, Finance goes to PM - MSN India
New Delhi: Home Minister Shivraj Patil resigned Sunday under a cloud following the Mumbai terrorist massacre, and Finance Minister P. Chidamabarm was promptly given additional charge of the ministry, Congress sources said. Patil sent his resignation

finance chief to lead India’s war on militants - Guardian Unlimited
NEW DELHI, Nov 30 (Reuters) - Former finance minister Palaniappan Chidambaram, who led efforts to fend off the global financial crisis, now faces an even stiffer test — rescuing India’s government from the wreckage of the Mumbai attacks. The Harvard

Chidambaram to be home minister, PM to mind finance - Reuters India
NEW DELHI (Reuters) - Finance Minister Palaniappan Chidambaram will be India’s new home (interior) minister and Prime Minister Manmohan Singh will take over the finance portfolio for now, the government stated on Sunday. “As advised by the prime

Faced with Finance Crisis, German Auto Firms Cut Production - Deutsche Welle
Carmaker Daimler wants to cut production even more than originally planned, according to news reports. “We’re currently preparing to reduce production by 30 percent compared with the previous year,” Daimler factory manager Martin Daum told the weekly

NEWSMAKER-Ex-finance chief to lead India’s war on militants - FXStreet.com
NEW DELHI, Nov 30 (Reuters) - Former finance minister Palaniappan Chidambaram, who led efforts to fend off the global financial crisis, now faces an even stiffer test — rescuing India’s government from the wreckage of the Mumbai attacks. The Harvard

India’s markets seen relieved PM to caretake finance - Guardian Unlimited
MUMBAI, Nov 30 (Reuters) - India’s markets will likely react positively on Monday when a cabinet reshuffle sees the prime minister take on the finance portfolio, just days after the nation was rattled by the deadly attacks on Mumbai. India’s economy

PM Singh to handle Finance Ministry too - Indian Express
Giving rest to all the speculation doing rounds in the Government for the appointment of new Home Minister after the resignation of Shivraj Patil, reports say Finance Minister P Chidambaram has been handed the charge of Home Ministry. PM Manmohan

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Two Mumbai terrorists were from Bradford, Leeds - Thaindian.com
London, Nov.30 (ANI): At least two of the terrorists who attacked Mumbai earlier this week hailed from Bradford or Leeds and monitored reports of their murderous spree on sites, including the BBC. According to the Sun, the gang looked for web updates

‘Industrial output to grow by 6.3% in FY’09’ - Times of India
MUMBAI: Economic think-tank Centre for Monitoring Indian Economy (CMIE) has stated that the industrial output is expected to grow by 6.3% in FY’09 as against its earlier estimate of 8.3%. “Sharp downward revision in forecasts of electricity, textiles

Sri Lanka’s The Finance Sept quarter profits down - Lanka Business Online
Nov 30, 2008 (LBO) Sri Lanka’s The Finance Company (TFC) September quarter profits fell due to higher interest expenses, loans defaults and operational expenses, according to its interim results filed at the stock exchange. TFC’s profits for the

Hanover Finance controls urged - NZCity
An investors’ group is asking the Government to step in and take control of Hanover Finance. The executive of Exposing Unacceptable Financial Advice has written to Commerce Minister Simon Power asking him to put the company into statutory management

Key clerics criticize new U.S.-Iraq security deal - Miami Herald
BAGHDAD — Influential religious leaders across Iraq are voicing reservations about a U.S.-Iraq security agreement that grants Americans to remain in the country for another three years. Some are cautious in their criticisms. Others — ones who

Gov’t. reverses itself - The London Free Press
OTTAWA — The crisis-stricken Harper government has backed down on a contentious plan to kill subsidies to political celebrations, but still faces defeat less than two months after the election over the Conservative economic plan. Just one day after

Personal finance: Survive the holidays with budget intact - Fort Worth Star-Telegram
The Christmas Countdown has begun. Black Friday was a couple of days ago. For the next month you’ll be charmed, pitched and enticed. Here are tips that could make the next few weeks easier on your budgets: Think about layaway. Plan ahead. Request gift

Chidambaram front-runner for Home Minister’s post - Indian Express
Finance Minister Chidambaram is high among the front-runners for the Home Minister’s post. Related Stories: Home Minister Patil resigns, ‘too late’ states BJP Kin of fallen heroes to get petrol pumps, LPG dealerships Mumbai slowly coming to terms Taj

Bar-On, Braverman clash over pensions - Jerusalem Post
A meeting of the Knesset Finance Committee on Sunday morning quickly turned heated as the topic of the day - whether to approve the Treasury’s economic stimulus package - erupted into a war of words between Finance Minister Ronnie Bar-On and the

UK tax cuts to fight recession - Al Jazeera
Gordon Brown, the UK prime minister, will attempt to revive the stalling British economy by spending billions of borrowed pounds on tax cuts in a bid to halt a recession turning into a slump. The package, to be unveiled on Monday, is expected to

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Be persistent during ordeal of short sale - San Francisco Gate
Sunday, November 30, 2008 Short sales gone awry have become a recurrent theme in real estate circles. Here’s the common narrative: A home goes on the market as a short sale - priced at less than is owed on the mortgage, so the lender must approve any

Memphis Housing market works to first-time homebuyers’ advantage - Memphis Commercial Appeal
Darrin Earl figures the lower prices and interest rates in today’s real estate market make this a good moment for him to become a homebuyer. A single, 33-year-old FedEx employee, Earl has been looking for a home to purchase for three months. Ben Fant

Real estate transactions for Nov. 20 to 24 - Steamboat Pilot & This day
■ KUGLER, JOHN W and KUGLER, REBECCA To HIGH COUNTRY VENTURES LLC For ANTLERS AT CHRISTIE BASE UNIT 212 — $1,850,000 ■ CAXTON STREET LLC To QUINN, JOHN M For EXHIBIT A NOT ATTACHED FOR LEGAL DESCRIPTION — $1,495,000 ■ CAXTON STREET LLC To

Business People - Star-Press
MUNCIE — ADM Commercial Real Estate has announced that Toni Miller has joined its staff. Miller is a commercial real estate broker with 23 years of experience in the real estate industry. Miller and her husband, Tim, live in Yorktown with her two

Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids Gazette
GazetteOnline Home Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Newsletters RSS Feeds Data Central Iowa Caucuses Gazette Store Sports

Luxury Auctions International LLC - PR.com
Luxury Auctions International LLC is an international luxury real estate auction marketing company based in Lake Mary Florida. The company was developed in January of 2008 and is a division of the Gitta’s Real Estate Team with Keller Williams

Land transfers - Spartanburg Herald-Journal
US Dept of Housing; to; Barry D Hester; $25,000; Lot 30, 824 W Fleming Farm Dr; Apple Orchard Estates Subd Real Estate Unlimited LLC; to; Manning L & Eleanor Williams; $210,000; Parcel 1, 57.67ac, Ferree Rd, Campobello; Parcel 2, 0.89ac, Cole Rd

Jones Lang upbeat on Saudi realty - AME Info
A new report from Jones Lang LaSalle is predicting that the Saudi Arabian real estate market is set to grow significantly over the next four years. The international real estate investment and advisory firm has recently opened offices in Riyadh and

Atlanta Real Estate Forum is Celebrating a Birthday - PR.com
AtlantaRealEstateForum.com now offers more opportunities for participation than ever before. Builders, developers and others in the industry have the opportunity to advertise on the site that’s found most often by home buyers’ on the internet searches

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Obama criticised for economic team’s link to failed bank chief - Guardian Unlimited
As Barack Obama prepares to announce the appointment of Hillary Clinton as Secretary of Say this week, the first notes of dissent over the President-elect’s choices are being heard across America. The loudest complaints concern his economic team’s

OPEC maintains current oil output in Cairo meeting - English Eastday
The Organization of the Petroleum Exporting Countries (OPEC) announced during its consultative meeting yesterday that it has decided to maintain crude oil output until next month’s meeting in Algeria. Chakib Khelil, OPEC’s current rotating president

On this day in 1835 - Focus Infomation
Samuel Clemens, later known as Mark Twin, is born in Florida, Missouri, on today in 1835.Clemens was apprenticed to a printer at age 13 and later worked for his older brother, who established the Hannibal Journal. In 1857, the Keokuk Daily Post

Before you buy an annuity, check out the insurer - Fort Lauderdale Sun-Sentinel
With the economy in trouble, many people’s personal finances aren’t far behind. Personal Finance Writer Harriet Johnson Brackey is answering readers’ questions, trying to help identify strategies for making it through this crisis. She’ll focus on

The lowdown on substitute investments - Austin American-Statesman
That was my first thought when I read the uncorrected proof copy of “The Only Guide to Substitute Investments You’ll Ever Need” (Bloomberg Press, $26). Written by Larry Swedroe and Jared Kizer, the book takes us on a guided tour of “alternative

Bank Of China Exec Urges Caution On `Blind’ Loan Growth - FXStreet.com
BEIJING (Dow Jones)–Bank of China Ltd. (3988.HK) Executive Vice President Zhu Min on Sunday warned banks in the country against “blindly” extending loans for investment projects and urged them to be selective in their lending. China earlier this

Ex-China Regulator: Sees Yuan As Reserve Currency In 30 Yrs - FXStreet.com
BEIJING -(Dow Jones)- The Chinese yuan will likely take 30 years to become an international reserve currency, Tang Shuangning, a former senior bank regulator and central bank official, stated Sunday in prepared remarks. The yuan will become a currency

Keep your investments simple; forget about an EIA - Minneapolis Star Tribune
Q I recently attended two “free lunch” seminars designed to help senior citizens and retirees preserve their assets. In both events they were promoting equity index annuities (EIAs). One seminar promised an 8 percent return rate and the other one

Gulf states urged to create health awareness - Peninsula
DOHA: Arab Gulf says need to invest more in health systems than in merely building big hospitals, states a healthcare finance specialist from Austria who knows the region too well. “I think the focus in these countries should be on preventing

Taiwan’s GPA status to bring sizable investments - China Post
TAIPEI, Taiwan — President Ma Ying-jeou stated yesterday that Taiwan’s imminent accession into the Government Procurement Agreement (GPA) under the World Trade Organization (WTO) will help Taiwan bring in an additional US$7-8 billion worth of

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RBI breather for exporters, housing finance companies - Business Standard
The move came within hours of RBI Governor D Subbarao’s meeting with banks’ chairmen. Credit flow, liquidity and specific demands made by small and medium enterprises and exporters came up for discussion in the meeting. “Our feedback to RBI was

Canada’s opposition parties might topple government - PR Inside
TORONTO (AP) - Opposition parties said Friday they might seek to topple Prime Minister Stephen Harper’s Conservative government and form a ruling coalition because it isn’t doing enough to rescue Canada from the impact of the global economic crisis

Qatar’s efforts to resolve Darfur crisis lauded - Peninsula
DOHA: President of the European Commission Jose Manuel Barroso praised Qatar’’s efforts to resolve the Darfur crisis and reiterated the EU support to the initiative for solving the crisis. “We support all initiatives that aim to resolve

Irish govt to weigh bank involvement case by case - MSN UK News
DUBLIN (Reuters) - Irish Finance Minister Brian Lenihan concluded speaks with banks late on Friday saying state involvement would be weighed on a case by case basis and that the government had not proposed consolidation in the sector. In a statement

S.Korea to meet investors on won bonds, economy - CNBC
SEOUL, Nov 23 (Reuters) - South Korea will hold a meeting with international investors in Singapore to promote won-denominated treasury bonds and its economy, the finance ministry stated on Sunday. The event comes as the government is discussing a 10

Ship Finance Delivers Dividend - Forbes
Ship Finance International is steaming full speed ahead, never mind the torpedoes. Although the tanker company said Friday it had missed third-quarter earnings estimates, it raised its dividend, amusing investors who had their eyes on the horizon

Yes Bank Chairman Ashok Kapur killed - Business Standard
Kapur was the founding-promoter of Yes Bank and held almost 12 per cent in the bank. His body was found on the 19th floor of the hotel, a bank spokesperson stated. Kapur had gone for dinner with his wife at the hotel’s Kandahar restaurant when

Letters to the editor for Saturday, Nov. 29 - Minneapolis Star Tribune
The U.S.-based automakers were in trouble long before the housing bubble and financial meltdown. Their current plea for help basically boils down to a hostage-taking — allowing these big companies to fail will put workers on the street and damage

Three cheers: Judges get 300% pay hike - Economic Times
NEW DELHI: Judges in the supreme court and high courts will now draw salaries almost three times higher than their present levels. The hike, approved by the union cabinet this week, comes in the wake of an increase in salary for central government

Canada plans to fast-track skilled immigrants - International Herald Tribune
TORONTO : Canada’s government said Friday that it plans to fast-track the immigration process for skilled workers in high-demand occupations, drawing criticism from the country’s opposition leaders that the new rules are unfair. Immigration Minister

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Coal Industry 2000-2004 - Kommersant
However, numbers are not the most important result of the past four years. The realignment of forces that took place in the mining industry theoretically opened the door to investments in new sectoral projects. What the first four years of Vladimir

Citi should be held accountable: Obama aide Podesta - Business Standard
“It seems to me that the government ought to demand accountability,” including on executive compensation, John Podesta said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” scheduled to air on Friday. “If we

Hoeven asks for disaster designation for 39 counties - Jamestown Sun
Gov. John Hoeven this day asked U.S. Secretary of Agriculture Ed Schafer to issue a secretarial disaster designation for 39 North Dakota counties in response to excessively dry conditions in the western and central part of the say, coupled with late

Accountant finds breeding cattle more satisfying than dealing with - star.com.my
A village boy, who had become a successful accountant, decided to turn cattleman to fulfill his boyhood dream of becoming a major cow and goat breeder in the say. Saipolbahari Suib, 46, from Kampung Parit Tengah in Bukit Naning, Muar, who used to

Obama Wants Rescue Plan ‘Right Away’ - AOL
CHICAGO (Nov. 24) - Citing an “economic crisis of historic proportions,” President-elect Barack Obama urged Congress to pass a high-priced, job-creating stimulus bill as swiftly as possible, a rare pre-inaugural call to action delivered as the outgoing

Terror strike: Drug firms may lose outsourcing deals - Business Standard
”The drug industry could see short-term setbacks, especially in the field of outsourcing,’’ stated Sujay Shetty, head of Life Sciences, PricewaterhouseCoopers. ”Executives of global companies might be asked to refrain from coming to India and many

New MP calls for nuclear energy rethink - West Online
A new Liberal MP has reignited the uranium debate, telling State Parliament it is ridiculous to mine and export yellowcake but continue to oppose the use of nuclear power in Australia. In a controversial maiden speech this week, Jandakot MLA Joe

Please log in to manage your account - Silicon.com
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Sys NS blames govt for high ticket prices - Jakarta Post
JAKARTA: Actor and director Sys NS said he blames the government for not fully supporting the development of the music industry in the country, which has led to costly ticket prices for concerts. Sys, who is also the secretary general of the

Hedge funds hit by fresh wave of withdrawals - Financial Times
Hedge funds have been hit by a fresh wave of withdrawals as investors search for cash, prompting more funds to impose emergency measures to block repayments. London Diversified Fund Management, one of Britain’s best-known fixed- income managers

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Not-So-Jolly Economy Brings Woe To Santa’s Lap - CBS 3 Philadelphia
COLUMBIA, S.C. (AP) ― Some of the kids crawling onto Santa Joe’s lap this year have more than stuffed animals and video games on their most-wanted lists. Several times already this season, Joe Jackson has been asked to get Daddy a job or Mommy

Shoppers snap up Black Friday deals as stores vie for their money - WDBJ7.com
NEW YORK (AP) - Malls are crammed to the rafters with bargain hunters as retailers cross their fingers that Black Friday lives up to its name. The hoards are out for the annual shopping frenzy after Thanksgiving, called Black Friday because stores

As food prices climb, restaurants, other food servers eye the trash - Minneapolis Star Tribune
Experts in the food industry are thinking a lot about trash these days. Food waste has been a chronic problem for restaurants and grocery stores — with millions of tons being lost along the way as crops are hauled hundreds of miles, stored for

Thrive in Five may be ailing in Year 3 - Columbus Business Journal
BalletMet Executive Director Cheri Mitchell, like the heads of many arts groups in the city, is making contingency plans in case funding for her organization falls. The ballet relies on strong ticket sales for its holiday Nutcracker performances to

UN: Taliban could clear $500M from 2008 drug trade - Forbes
The Taliban and other warlords could clear almost half a billion dollars from Afghanistan’s opium trade this year - money that’ll help finance insurgent attacks, the U.N.’s drug czar said. Antonio Maria Costa, head of the U.N.’s Office on Drugs and

4-H program helps teens manage money - Hillsdale Daily News
The Future Millionaires’ 4-H Club is off to a new start for the 2009 program year. All teens ages 13-19 are invited to attend. The first meeting will be at 7 p.m. Tuesday, Dec. 2 at Will Carleton Academy, 2001 W. Hallett Road, Hillsdale. The

Maize family who turned in money gets reward - Wichita Eagle
A Maize family is rewarded for turning in $7,000 at a Goodwill store in Wichita. Earlier this month, 5-year-old kindergartner Claire Dingler of Maize found the cash stuffed in an envelope and lying on the floor. She gave the cash to her mother

What will happen to my Icesave Isa? - This is Money
I’ve £17,000 invested in an Icesave Isa that I opened this financial year. I comprehend that my money is safe and I’ll be paid full compensation into my nominated account. But given that my nominated account is a current account, will I lose the

Shoppers are out, retailers hope for a Friday solidly in the black - WRAL
Garner, N.C. — Whether you call it tradition or call it crazy, shoppers were out well before dawn Friday, hunting for a bargain all over the Triangle and beyond. That’s because with the turkey leftovers in the refrigerator, attention has turned

Big explosion shakes Mumbai Jewish center; Indian commandos try to - Allentown Morning Call
MUMBAI, India (AP) _ A fresh battle raged at the luxury Taj Mahal hotel Friday evening as commandos fired grenades at the Mumbai landmark while other forces ended a siege at another five-star hotel. Another team rappelled from helicopters to storm a

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Cashing in on double standards - Detroit News
The feds pump another $20 billion into teetering Citigroup Inc. and insure $306 billion in bad assets just days after Congress slaps Detroit’s automakers for failing to table “a plan” to justify $25 billion in loans and folks ’round here cry, “Double

In Britain, it’s just not fashionable to be seen spending money any - Times On the web
Has our nation really stopped using retail as therapy? Er, no, but the nature of that therapy has transformed dramatically. Even the more excitable fashion and celebrity magazines have replaced their “Get It Before It Goes” slots with more sober

Small men of confederation - Globe and Mail
“Indeed, the most important characteristic Mr. Harper has shown over 33 months in office is a capacity to grow. There is no reason to think he won’t continue along the same trajectory if re-elected — a good thing, too, since there is much more for

Lawmakers urged to avoid spending programs in early ‘09 - KUSA-TV
DENVER - Colorado state lawmakers are being cautioned by their leaders to refrain from proposing any new programs that cost money when they return to work in January. The say has recently implemented a construction and hiring freeze to make up a

Stores lure shoppers online and off - Marketplace.publicradio.org
TEXT OF STORY Bob Moon: On to more mundane business, if that’s really the word for what’s happening to retail sales. Frankly, retailers will be thankful if you’d just spend some money with them this day. Sure, the sales extravaganza known as Black

Work safety bureau took hush money over pit death - South China Morning Post
The State Administration of Work Safety (SAWS) is bearing the brunt of criticism after an investigation showed that a Shanxi coal mine at the centre of a hush money scandal also paid a SAWS television programme 20,000 yuan (HK$22,750) to secure its

Mexico Comerci’s creditors want all their money back - Reuters
MEXICO CITY, Nov 27 (Reuters) - Holders of around 1.5 billion pesos ($114 million) in local debt of Comercial Mexicana want all their money, without a negotiated reduction, after the troubled retailer defaulted last month. “They want all (their money

Texas reflects on economic changes - BBC News
In 1949 - around the time the Berlin airlift was ending, Britain was winding down clothes-rationing and George Orwell was publishing 1984 - the townspeople of Texas took a momentous step of their own. They elected Hilmar Moore to the job of Mayor. Mr

Ask AP: Importance of housing starts, honeybees - Associated Press
American farmers have long worried about the declining population of honeybees, a key crop pollinator. But honeybees originally came from Europe, so can’t U.S. farms get by without them - with a little help from good old American bugs whose ancestors

Will you put your money on it? - Business Standard
The book is highly accessible, with all basic terms lucidly explained. It is also a very good read, strong on storytelling, though occasionally overdoing a bit in trying to be amusing. For example: “So how did this ‘Mr Bond’(of the bond

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Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids Gazette
GazetteOnline Home Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Newsletters RSS Feeds Data Central Iowa Caucuses Gazette Store Sports

Real-estate companies led rise of Gulf shares - Gulf News
Dubai: Gulf shares rose, led by real-estate companies, after an interest-rate cut in China encouraged investors to purchase “cheap” developers. Emaar Properties PJSC, the Middle East’s largest property developer, rose the most in nearly two weeks, while

Sacramento Commercial Real Estate - View Sacramento Commercial Real - Birmingham Business Journal
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Pittsburgh Commercial Real Estate - View Pittsburgh Commercial Real - Birmingham Business Journal
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Investment firms set up mortgage provider - Zawya.com
Abu Dhabi: Five of Abu Dhabi’s major investment, real estate and finance companies on Wednesday announced the launch of a new mortgage provider, Abu Dhabi Finance. Established with an initial capital of Dh500 million, the company will service clients

Business Diary - Cleveland Plain Dealer
Port hires N.C. real estate manager A top real estate manager for the city of Charlotte, N.C., will lead the Cleveland port’s efforts to assemble land for jobcreating projects. The Cleveland- Cuyahoga County Port Authority hired Eric Johnson as its

Title insurer to file for Chapter 11 - Observer-Reporter
NEW YORK - Title insurer LandAmerica Financial Group Inc. said Wednesday it will file for bankruptcy protection, while competitor Fidelity National Financial Inc. stated it will acquire three of LandAmerica’s subsidiaries. The Chapter 11 bankruptcy

Detroit news in brief: Real estate scam means probation - Detroit Free Press
A Grosse Pointe Woods man accused of defrauding an elderly couple in a real estate scheme was sentenced Wednesday in Wayne County Circuit Court to two years of probation. John Matouk had pleaded guilty in October to the misdemeanor charge of false

Spanish police break up real estate scam gang - PR Inside
MADRID, Spain (AP) - Spanish police have cracked down on a gang suspected of swindling up to 65 million euros ($84 million) from foreigners in real estate scams. Prosecutors says the group enticed some 200 foreigners, mostly Britons, into investing

Bank “went wrong” in real estate: Citigroup CEO - ABS-CBN
NEW YORK - Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week’s massive government bailout of the second-largest US bank by assets. “What went

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Philippine embassy in Bangkok suggests postponement of travel to - Philippine Star On the internet
Anti-government protesters gather in front of the departure terminal at Suvarnabhumi airport in Bangkok early yesterday. The protesters are demanding the resignation of Thailand’s Prime Minister Somchai Wongsawat. Malacañang officials said a

Mexico has $3.6 bln in credit for housing industry - Reuters
MEXICO CITY, Nov 26 (Reuters) - Mexico has locked in $3.6 billion in multilateral loans to help its housing industry withstand the global financial debacle, but banks also need to do their part, a senior official stated on Wednesday. The Inter-American

Detroit motor show loses sparkle - The Age
General Motors Corp. scrapped the fashion show attended by Hollywood celebrities, and Chrysler LLC is leaving the longhorn cattle on the range, not the streets of Detroit. Gloom hangs over preparations for the 21st annual North American International

Mortgage rates dip for fourth straight week - Miami Herald
WASHINGTON — Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government’s big new effort to assist the U.S. housing market. Further drops

Tiffany’s third-quarter profit tumbles - Los Angeles Times
Reporting from New York — Tiffany & Co. on Wednesday reported third-quarter earnings that topped Wall Street expectations, but the luxury goods retailer warned of job cuts and lowered its 2008 outlook as consumers scale back on spending amid a tough

Tourism and Leisure Industry - Baltimore Sun
There’s tiny grumbling in evidence as travelers in Maryland are taking to the rails and the skies to their Thanksgiving destinations. Tom and Michelle Robinson of Parkton were at Baltimore’s Penn Station with their two young children waiting for

NGAS Resources Adds Industry Consultant - Businesswire.com
LEXINGTON, Ky.–( BUSINESS WIRE )–NGAS Resources, Inc. (Nasdaq: NGAS), an exploration and production company focused on unconventional natural gas plays, principally in the southern portion of the Appalachian basin, this day announced that it has

Air Transportation Industry - Baltimore Sun
There’s little grumbling in evidence as travelers in Maryland are taking to the rails and the skies to their Thanksgiving destinations. Tom and Michelle Robinson of Parkton were at Baltimore’s Penn Station with their two young children waiting for

Applications are reshaping mobile industry competition - Venturebeat.com
Remember when consumers picked their network carrier first and their phone second? When mobile phone makers competed based on what functions they’d built into their devices — screen size, battery life, camera, and handy carrier-selected

FDA finds traces of melamine in US infant formula - AOL
The levels that we are detecting are extremely low,” said Dr. Stephen Sundlof, director of the FDA’s Center for Food Safety and Applied Nutrition. “They should not be changing the diet. If they’ve been feeding a particular product, they should

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