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Citigroup talking to U.S. government
Published November 22, 2008, 10:38 am, Tiscali
NEW YORK (Reuters) - Citigroup has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter said.
News in brief
Published November 22, 2008, 10:37 am, West Salem Coulee News
Here are a selection of brief news items from this week's paper edition, and possibly a few news briefs that didn't make it in the paper.
Robert J Shiller: Reviving the Animal Spirits
Published November 22, 2008, 10:36 am, Business Standard India
The most promising prospect for a return of business confidence now would be some kind of public inspiration—of the kind Obama’s win heralds for the US.
Officials: Obama plans to tap Geithner at Treasury
Published November 22, 2008, 10:32 am, AP via Yahoo! Finance
President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday.
Officials: Obama plans to tap Geithner at Treasury
Published November 22, 2008, 10:32 am, AP via Yahoo! News
President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock market soared on the news.
Bush Urges Countries To Avoid Protectionism
Published November 22, 2008, 10:30 am, CBS 3 Philadelphia
President George W. Bush says he understands that countries across the globe are being hurt by the financial crisis, but urged world leaders not to abandon free trade.
Rooms at the top
Published November 22, 2008, 10:29 am, Sunday Herald
fresh perspective on the road ahead for Scotland's hotel industry, talk to Pierre-Alban Guy, a quadri-lingual Frenchman, with plans for a new boutique hotel empire of "affordable luxury" based on our unique super-abundance of minor castles and country estates.
Harper vows Canada will remain open to international trade
Published November 22, 2008, 10:29 am, CBC
Prime Minister Stephen Harper used his speech at Saturday's Asia Pacific Economic Cooperation forum to send a message that a freer trading system is the best way to restore world economic prosperity.
No evidence of manipulation in stock markets: Bhave
Published November 22, 2008, 10:28 am, Business Standard India
Assuring the investors that there is no evidence of manipulation in the stock markets, Sebi Chairman C B Bhave today said that retail as well as some foreign investors are actually picking up stocks at current levels.
Geithner Is Said to Be Obama’s Pick for U.S. Treasury Secretary
Published November 22, 2008, 10:28 am, Bloomberg
Nov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner , head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said.
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