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Obama signals bipartisan messageWhen the president-elect unveils his national security team, he is expected to be flanked by Hillary Clinton, his former Democratic presidential rival, Robert Gates, the current defence secretary, and retired general James Jones, former Nato commandantSource: Financial Times - US homepage | 30 Nov 2008 | 8:14 pm Stimulus all the rage, bar GermanyPARIS (Reuters) - As recession extends its tentacles across the globe, it is getting hard just to track the hundreds of billions of dollars governments are throwing or promising to throw at the problem.Source: Reuters: Business News | 30 Nov 2008 | 8:07 pm Black Friday sales chalk up 3% gain from last yearStrong discounts bring U.S. consumers to the stores on Black Friday, with estimated sales rising 3% from last year, according to industry analyst ShopperTrak.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 7:57 pm Holiday shopping off to higher startStores and online merchants were busier this weekend than they were a year ago, according to figures out Sunday, but signs persist that holiday shopping will suffer in the weakest economic climate in decades.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 7:53 pm Trump Entertainment to miss interest paymentTrump Entertainment says that to maintain sufficient liquidity, it won’t make a $53.1 million payment scheduled for Monday on a senior secured note.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 7:47 pm Zardari urges united standAsif Ali Zardari, Pakistan's president, made an urgent appeal to India not to punish his country for the terror unleashed on Mumbai, warning that militants had the power to precipitate a war in the regionSource: Financial Times - US homepage | 30 Nov 2008 | 7:41 pm Next cut may be deepest for OCRIt is a sign of the perilous times that the question dividing market economists about Thursday's official cash rate review is whether the Reserve Bank will cut by a record-equalling 100 basis points or an even more emphatic 150. Reuters'...Source: New Zealand Herald - Business | 30 Nov 2008 | 7:40 pm Obama to announce Clinton, Gates picks Monday: reportsPresident-elect Barack Obama will reportedly announce the long-expected nomination of Hillary Clinton as Secretary of State at a press conference Monday.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 7:30 pm Falling kiwi means more action for filmThe exchange rate will provide a big boost to sales revenue for producers selling offshore The crash of the Kiwi dollar is helping attract US film and television productions to New Zealand. The New Zealand dollar has fallen...Source: New Zealand Herald - Business | 30 Nov 2008 | 7:20 pm Reports conflict over Microsoft plan to buy Yahoo searchNews reports offer conflicting accounts as to whether Microsoft is in talks to buy Yahoo's search business for $20 billion.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 7:10 pm Architects say building industry on 'knife-edge'New Zealand architects believe the building industry is on "a knife-edge" and just 10 per cent have secured 12 months or more of work, according to a survey by online architect's library eBoss. The survey was conducted last month...Source: New Zealand Herald - Business | 30 Nov 2008 | 7:00 pm Autoworker chief pleads for government aidThe head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Big Three put the final touches on stabilization plans to submit to Congress. ...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 6:58 pm Food banks, shelters benefit as charity stays closer to homeIt’s a sad story and a sign of the times: A growing number of people who had been regular donors to the Greater Chicago Food Depository are now asking the charity for help in feeding their families.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 6:52 pm Auto workers chief asks for U.S. aidRead full story for latest details.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 6:48 pm Holiday sales view still weak after weekend rushNEW YORK (Reuters) - U.S. consumers sought bargains on toys, clothes and electronics as holiday shopping kicked off this weekend, but an early rush to stores was slower this year and was not likely to change a weak outlook for the season, analysts said on Sunday.Source: Reuters: Business News | 30 Nov 2008 | 6:45 pm Holiday sales view still weak after weekend rush (Reuters)
Source: Yahoo! News: Business | 30 Nov 2008 | 6:39 pm UPDATE 1-US web sales up 1 pct on Black Friday -comScoreNEW YORK, Nov 30 (Reuters) - U.S. retail sales online rose 1 percent on Black Friday, the traditional start to the holiday shopping season, to $534 million, tracking firm comScore said on Sunday.Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 6:35 pm Citigroup to sell assetsStruggling Citigroup plans to sell NikkoCiti Trust and Banking Corp, its trust bank unit in Japan, as part of its global restructuring efforts, Japanese media reports said yesterday. The assets could be worth anywhere from 10...Source: New Zealand Herald - Business | 30 Nov 2008 | 6:30 pm Ultimate couch potato pizza on wayYou'll see Domino's end up on iPhones Don Meij, Domino's chief executive Australian chain Domino's is lifting the stakes in the pizza wars with a new offering to entice more females into its stores, and a technological investment...Source: New Zealand Herald - Business | 30 Nov 2008 | 6:30 pm Chuck Jaffe: If your fund is closing, get out before the door hits youJust in time for the holiday season, my wife received a notice that the fund she uses for her Roth IRA will shut its doors on Dec. 8.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 6:29 pm E-Commerce Spending Flat For "Black Friday" (AMZN)(EBAY)(WMT)(TGT)
For the last several years, e-commerce holiday sales have grown faster than in-store revenues. That trend may be coming to an end. The latest numbers from comScore show that Black Friday online revenue was up a measly 1% this year, to $534 million. For the holidays so far, beginning on November 1, e-commerce revenue is now off 4% to $10.4 billion. If would be an odd reversal for futures if bricks-and-mortar stores showed better gains this year than online "stores" did. The stock market may be anticipating just such a turnabout in fortunes. Over the last three months, shares of Wal-Mart (WMT) are off less than 5%. Shares of Target (TGT) are off 35%. But, the stock prices of Amazon (AMZN) and Ebay (EBAY) have both fallen almost 50% for the period. Shopping online may have lost its charm, especially in a poor economy. At least in a story a shopper can bargain with the sales person. In a recession, the is pretty important. Douglas A. McIntyre Source: 24/7 Wall St. | 30 Nov 2008 | 6:21 pm International hotels draw elites and terror threatConsider how a city looks to a terrorist seeking targets. There's the airport _ inviting, but heavily secured. There's the U.S. Embassy, perimeter guarded by crack local forces and...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 6:11 pm Chinese government sees 10% growth for next yearChinese government researchers are forecasting the nation’s economy will grow by a robust 10% in 2009 despite the global economic downturn, according to state-run media.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 6:10 pm Deborah Hill Cone: Who wants to be a celebritarian?Meritocracy. Merit-o-cracy. Cool word. The Merriam-Webster online dictionary says it is a system in which the talented are moved ahead on the basis of their achievement. Meritocracy sounds like something Plato might have yarned...Source: New Zealand Herald - Business | 30 Nov 2008 | 6:00 pm Air New Zealand CEO visits French crash siteThe chief of Air New Zealand visited the beach where an Airbus A320 passenger jet crashed, paying silent respects Sunday to the seven people aboard. CEO Rob Fyfe and the wife of one of...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 5:37 pm UAW wants limits on carmakers' executive payWASHINGTON (Reuters) - The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said on Sunday.Source: Reuters: Business News | 30 Nov 2008 | 5:28 pm Hanover co-founder parties in FijiThe co-founder of Hanover Finance is being criticised for celebrating his 50th birthday at one of Fiji's most exclusive resorts. Just two weeks after the troubled finance company revealed details of its rescue package for investors,...Source: New Zealand Herald - Business | 30 Nov 2008 | 5:20 pm Microsoft-Yahoo deal "total fiction:" report (Reuters)
Source: Yahoo! News: Business | 30 Nov 2008 | 5:17 pm Microsoft-Yahoo deal "total fiction:" reportLONDON (Reuters) - A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company's online search business for $20 billion is "total fiction," according to a key executive cited by an influential U.S. blog.Source: Reuters: Business News | 30 Nov 2008 | 5:17 pm India minister resigns in wake of attacksIndia's home minister has reportedly stepped down as a result of the terrorist attacks in Mumbai, as the country begins to take stock of the strikes that killed 172 and disrupted the country’s financial capital last week.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 5:01 pm Bloggers provide raw view of Mumbai attacksWhen gunmen started spraying Mumbai with bullets and seizing the city's landmarks, countless people around the globe turned not to the television or the radio for news, but to each other.Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 5:00 pm NewsWatch: OPEC stands pat on output, says members adhere to cutsThe oil cartel has ended a meeting in Cairo without any decision on a production cut, according to media reports Saturday.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 5:00 pm Stocks eye dour jobs, shopping dataNEW YORK (Reuters) - Wall Street may struggle this week to build on its best weekly performance in almost 30 years as investors grapple with a raft of economic data, including the November...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 4:58 pm Stocks eye dour jobs, shopping data (Reuters)
Source: Yahoo! News: Business | 30 Nov 2008 | 4:58 pm Stocks eye dour jobs, shopping dataNEW YORK (Reuters) - Wall Street may struggle this week to build on its best weekly performance in almost 30 years as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.Source: Reuters: Business News | 30 Nov 2008 | 4:58 pm Stock mutual funds take in $10.4 billionMoney flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 4:48 pm Polish prime minister announces financial packagePoland's prime minister says his Cabinet has prepared a euro24 billion ($31 billion) plan to stabilize the country's finances and boost the economy. Donald Tusk said Sunday the plan was...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 4:30 pm Govt takes over RBSThe British Government will take over Royal Bank of Scotland Group with a majority stake of almost 60 per cent after the bank's shareholders shunned an emergency share issue. The 20 billion ($56 billion) rescue takeover, the result...Source: New Zealand Herald - Business | 30 Nov 2008 | 4:30 pm Israel Stocks: Tel Aviv shares higher on Teva, ICL, Elbit gainsIsrael stocks rise, led by strength in Teva and Israel Chemicals and by an advance in the tech and real-estate sectors.Source: MarketWatch.com - Top Stories | 30 Nov 2008 | 4:19 pm Thai rally fuels fears of violenceThousands of supporters of Thailand's government held a rally, bringing a new and combustible element to a political deadlock that is edging closer to open violenceSource: Financial Times - US homepage | 30 Nov 2008 | 4:17 pm Australians debate rate cut optionsAn Australian academic who expects the country's interest rates to hit zero within two years and a 40 per cent drop in house prices has promised to walk from Canberra to the top of Australia's highest mountain if he's wrong. And...Source: New Zealand Herald - Business | 30 Nov 2008 | 4:00 pm NZ universities tap into Asia technology networkThree New Zealand universities are now linked to a Singapore-based technology network which will help commercialise local business start-up ventures in Asian markets. AUT University's business development and commercial arm AUT...Source: New Zealand Herald - Business | 30 Nov 2008 | 4:00 pm Israel's Delek Group moves to net loss in Q3JERUSALEM, Nov 30 (Reuters) - Israeli conglomerate Delek Group said on Sunday it moved to a quarterly net loss due to a drop in value of its real estate investments.Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 3:10 pm Unsynchronized recoveryLONDON (Reuters) - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further.Source: Reuters: Business News | 30 Nov 2008 | 3:10 pm Unsynchronized recoveryLONDON (Reuters) - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession,...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 3:10 pm Unsynchronized recovery (Reuters)Reuters - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further.Source: Yahoo! News: Business | 30 Nov 2008 | 3:10 pm US holiday sales make solid startThe US holiday shopping season gets off to an encouraging start, with sales on the day after Thanksgiving up 3% on last year.Source: BBC News | Business | World Edition | 30 Nov 2008 | 2:24 pm Bidders circle troubled Woolworths (Reuters)
Source: Yahoo! News: Business | 30 Nov 2008 | 2:11 pm Bidders circle troubled WoolworthsLONDON (Reuters) - Deloitte LLP, the administrator of the retail and distribution businesses of British retailer Woolworths Group Plc , has received dozens of inquiries from companies and individuals for parts of the business, according to newspaper reports on Sunday.Source: Reuters: Business News | 30 Nov 2008 | 2:11 pm Poland adopts 24 bln euro aid packagePoland adopted Sunday an economic stabilisation and development package for 2009-2010 valued at 24 billion euros (30 billion dollars) to help weather the global financial crisis, Prime...Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Nov 2008 | 2:07 pm Citigroup to sell NikkoCiti TrustCitigroup is poised to sell NikkoCiti Trust and Banking Corporation, its trust bank in Japan, as part of a global move to raise badly needed funds through asset disposals and restructuring measuresSource: Financial Times - US homepage | 30 Nov 2008 | 1:37 pm Citi to sell Japanese trust banking unit - reportsCitigroup Inc. plans to sell its Japanese trust banking unit as the ailing U.S. banking giant struggles to survive the global financial crisis, media reports said Sunday.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 1:19 pm Gas above $2 a gallon in only 3 statesJust 4-1/2 months after setting record highs, the average price of regular unleaded gasoline is above $2 a gallon in only 3 states and the District of Columbia, according to a survey released Sunday.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 1:05 pm Stocks: Brace for a rocky weekInvestors may be in for another challenging week as the market braces for the fallout from Black Friday sales and as a flurry of economic reports continue painting a dour picture.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 12:46 pm Economy warning from China leaderChina's President Hu Jintao warns that the global financial crisis could weaken his country's competitiveness.Source: BBC News | Business | World Edition | 30 Nov 2008 | 12:25 pm Dragon 'may bid for Woolworths'Dragons' Den entrepreneur Theo Paphitis is among potential bidders for collapsed High Street chain Woolworths, reports say.Source: BBC News | Business | World Edition | 30 Nov 2008 | 11:06 am Microsoft (MSFT) In Talks To Buy Yahoo! (YHOO) Search For $20 Billion?
AllThingsDigital says no such deal is in the works. The Times says the boards of both companies have had meetings on the transaction. If it is a real deal, it would push Yahoo!'s share price back over $20 The UK paper says that the deal would also involve replacing Yahoo!'s management, although Microsoft would not take control of the remaining parts of the portal company. Former AOL CEO Jonathan Miller and former Fox internet chief Ross Levinsohn would run Yahoo!. If the transaction works, Miller and Levinsohn would have access to enough cash, some of it from Redmond, to eventually buy 30% of Yahoo! and a new board would be elected. The paper reports that "The talks with Yahoo involve Microsoft obtaining a 10-year operating agreement to manage the search business. It would also receive a two-year call option to buy the search business for $20 billion." If the arrangement works out Microsoft would control about 30% of the US search business to Google's (GOOG) 65%. Microsoft's expanded search market share should have more leverage in the emerging mobile search market which is still in early enough stages that Google may not end up with a dominant position. Since controlling Yahoo!'s search operation is the only way for Microsoft to make a huge gain in the critical business, it is clearly willing to pay a huge premium. Yahoo!'s market cap is $15 billion. With such a large portion of Microsoft's strategic interest involved, the deal is bound to go through. Douglas A. McIntyre Source: 24/7 Wall St. | 30 Nov 2008 | 10:59 am Getting smokers to quit litteringIt's one of those things so mundane and commonplace, most of us probably don't even notice when it happens, let alone get worked up over it.Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Leslie A. Margolin: Promoting healthier ways of reaching consensusThe president of Anthem Blue Cross of California believes 'answers lie in trying to bring people with diverse backgrounds and diverse interests together and focus on what they have in common.'The gig: President of Woodland Hills-based Anthem Blue Cross of California, the state's largest for-profit health insurer, which serves more than 8 million members. Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Ease the stress of dealing with debt collectorsConsumers often make costly mistakes when creditors seek repayment. Among the mistakes to avoid: ignoring communication by creditors, even if you don't have enough money to pay. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Calling arsonists to put out a fireThe consumer column on bailouts is very good, but doesn't quite go far enough. There should also be a demand for a couple of pounds of flesh -- blood and all. (" Getting more bang for bailout billions ," Nov. 26.)Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Civil rights complaint targets Wall Street rating firmsMoody's and Fitch's high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges.In what is apparently the first legal action of its kind, an association of community-based organizations has filed a federal civil rights complaint against two of the three largest Wall Street rating firms, charging that their inflated ratings on subprime mortgage bonds disproportionately caused financial harm to African American and Latino home buyers across the country. Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Cheaper GPS navigation system gets you around town for lessIn a comparison test, the no-frills Goodyear GY135 worked just as well as -- and in some ways better than -- the more expensive Magellan Maestro 4250. Its main drawback is its smaller screen size.GPS gives guys something they've always wanted -- freedom from asking directions. Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Going evergreen for the holidaysHow to celebrate the season while being kind to the environment and your bank account.Dreaming of a green Christmas? Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Leslie A. Margolin: Promoting healthier ways of reaching consensusThe president of Anthem Blue Cross of California believes 'answers lie in trying to bring people with diverse backgrounds and diverse interests together and focus on what they have in common.' ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Ease the stress of dealing with debt collectorsConsumers often make costly mistakes when creditors seek repayment. Among the mistakes to avoid: ignoring communication by creditors, even if you don't have enough money to pay.Marissa Ruiz learned about debt collection the hard way. Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am A present for the planetA green guide to eco-conscious, as well as cost-conscious, giving this holiday season -- and what to do about the tree ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Civil rights complaint targets Wall Street rating firmsMoody's and Fitch's high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Going evergreen for the holidaysHow to celebrate the season while being kind to the environment and your bank account. Dreaming of a green Christmas?...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Cheaper GPS navigation system gets you around town for lessIn a comparison test, the no-frills Goodyear GY135 worked just as well as -- and in some ways better than -- the more expensive Magellan Maestro 4250. Its main drawback is its smaller screen size. ...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Calling arsonists to put out a fireThe consumer column on bailouts is very good, but doesn't quite go far enough. There should also be a demand for a couple of pounds of flesh -- blood and all. (" Getting more bang for bailout billions...Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Getting smokers to quit litteringIt's one of those things so mundane and commonplace, most of us probably don't even notice when it happens, let alone get worked up over it.Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am Debt is burdensome but not worth desperationDear Liz: I am severely in debt. It is keeping me up at night worrying about it, almost to the point where I just can't cope anymore.Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Nov 2008 | 8:00 am Debt is burdensome but not worth desperationDear Liz: I am severely in debt. It is keeping me up at night worrying about it, almost to the point where I just can't cope anymore.Source: L.A. Times - Business | 30 Nov 2008 | 8:00 am BHP head to focus on downturn after Rio failureLONDON (Reuters) - BHP Billiton Chief Executive Marius Kloppers will likely use the same pragmatic resolve to grapple with a collapse in metals markets that he did in ditching a mega takeover of mining rival Rio Tinto .Source: Reuters: Business News | 30 Nov 2008 | 7:04 am Poultry producer posts $800 million lossRead full story for latest details.Source: Business and financial news - CNNMoney.com | 30 Nov 2008 | 3:08 am Asian economies stumbleNEW YORK (Reuters) - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country's ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.Source: Reuters: Business News | 30 Nov 2008 | 3:04 am Holiday Sales: A Miracle On 34th Street?
The 2008 holiday season was supposed to be the worst in years, or, perhaps decades. Analysts have forecast retail sales to be down 1% or 2%. Pessimists say those numbers are way off. Even e-commerce, which has grown at double digits for several years, is flat. It turns out that the first official day of the shopping season may not have been a bust, at least when put against expectations. According to Reuters, "ShopperTrak, which measures customer traffic, said on Saturday that Black Friday sales rose 3 percent to $10.6 billion." Many of the people who made it to the strip malls and cheesy shopping centers said they were disappointed with the deals. They plan to return in a week or two when merchants are really desperate. As things stand, the notion that Christmas 2008 would burn to the ground may be premature. Douglas A. McIntyre Source: 24/7 Wall St. | 30 Nov 2008 | 12:47 am GM boss in last-ditch talks on debt for equity swapGENERAL MOTORS is in emergency discussions with its lenders this weekend over a multi-billion dollar debt-for-equity deal that could save the iconic American car giant from a Chapter 11 bankruptcy filing.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Microsoft in $20bn Yahoo dealSOFTWARE giant Microsoft is in talks to acquire Yahoo’s online search business for $20 billion ($£13 billion).Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Crunch makes site lose its biteI KNOW times are bad but I can’t quite believe it’s come to this. Eater.com, New York’s catty restaurant blog, has suspended its Deathwatch feature that picks on struggling restaurants whose days seemed to be numbered.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am All areas of UK industry feel debt painFEARS are mounting over the financial health of Britain’s biggest boiler-maker Baxi, one of a string of companies wrestling with heavy debts as the recession continues to bite.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Dragons’ Den star leads Woolies rescue talksDRAGONS’ DEN star Theo Paphitis was this weekend trying to mount an eleventh-hour rescue deal for Woolworths’ high street stores, potentially saving thousands of jobs.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Barclays to set aside €20m for sheikhBARCLAYS has been ordered to post €20m (£16.5m) as security with a Spanish court as part of a legal battle with a senior member of the Qatari royal family.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am TV host Anthea Turner hit by crunchCELEBRITY couple Grant Bovey and Anthea Turner have become victims of the crunch as their home-furnishings firm filed for administration this weekend.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Bank of England weighs rate cut to 2%THE Bank of England and the European Central Bank are set to cut interest rates significantly this week as Britain and Europe dive deeper into recession.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Now watch Albanese wield the axe at RioThe shock decision last week by Marius Kloppers, chief executive of BHP Billiton, to abandon his proposed takeover of Rio Tinto puts into sharp context how in the space of a year the business world has spun on its axis, from one of unlimited opportunity to one of retrenchment. From a world where banks were queuing up to finance the second-biggest takeover, to one where their doors are closed.Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am Networker Reid Hoffman seizes the dayBlack recessionary clouds are massing over Silicon Valley, but Reid Hoffman can’t help looking on the bright side. “Entrepreneurs are inherently optimistic,” he says. “They see opportunity in times of trouble.”Source: Latest Business News from Times Online | 30 Nov 2008 | 12:00 am British downturn's generational divideTheir first economic slump is a shock for many young people. Their elders have seen worse. Recession can have...Source: Infocious RSS raw feed - channel BNPaperBusiness | 29 Nov 2008 | 6:38 pm
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