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Construction slump boosts case for big rate cut
Published December 2, 2008, 7:45 am, Tiscali
LONDON (Reuters) - The construction sector shrank last month at its fastest pace since records began a decade ago, building pressure on the Bank of England to cut rates by at least another percentage point on Thursday.
Credit Suisse and HSBC to axe jobs
Published December 2, 2008, 7:44 am, Tiscali
ZURICH (Reuters) - European bank heavyweights Credit Suisse and HSBC Holdings are axing hundreds of jobs in Britain as the biggest financial crisis since the Great Depression bites deeper.
Real Estate: A Hard Sell In Troubled Economy
Published December 2, 2008, 7:37 am, Turks.US
Brokers said due to the ruthless lack of accessible capital, the Bay Area real estate sector experienced dead stop, upending deals, stalling development and scuttling sales.
Paulson Bucks Paulson as His Hedge Funds Score $1 Billion Gain
Published December 2, 2008, 7:25 am, Bloomberg
Dec. 2 (Bloomberg) -- There’s not a lot of light in Paulson & Co.’s 28th-floor headquarters on a drizzly November afternoon. The Alexander Calder sculpture and multicolored prints have been shipped to the firm’s new offices six blocks south. Darkness envelops the New York skyline.
McGladrey Capital Markets Leads Negotiations as Halltech Completes Management-Led Buyout
Published December 2, 2008, 7:00 am, Marketwire via Yahoo! Finance
Scarborough, Ontario-based Halltech Inc., the Canadian subsidiary of Japan-based Saiden Chemical Industry Co., has completed a management-led buyout of the firm. Transaction terms were not disclosed.
Lights & Sirens
Published December 2, 2008, 4:45 am, Bucyrus Telegraph-Forum
BUCYRUS POLICE
Game over? English football at bursting point
Published December 2, 2008, 4:09 am, Independent
Back in October, in the Great Hall of Stamford Bridge, the home of Chelsea Football Club, 1,000 "senior decision- makers in world football" gathered. There was an air of optimism and self-congratulation. Commercial managers from some of the country's top clubs talked of exciting new opportunities in the Far East. Gossip was traded about how lucrative the next Premier League television deal ...
Construction sector shrinks at record pace
Published December 2, 2008, 3:15 am, Tiscali
LONDON (Reuters) - The construction sector shrank last month at its fastest pace since records began a decade ago as falling property prices and a shortage of credit took an increasingly heavy toll, a survey showed on Tuesday.
Crisis prompts Credit Suisse and HSBC to axe bank jobs
Published December 2, 2008, 3:14 am, Tiscali
ZURICH (Reuters) - Switzerland's Credit Suisse AG and HSBC are axing hundreds of banking jobs as the biggest financial crisis since the Great Depression continues to bite.
Big 3 Automakers head back to Washington
Published December 2, 2008, 2:42 am, ABC 2 Baltimore
The Big three automakers head back to Washington, DC to discuss a 25 Billion Dollar bailout plan.
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