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FMPs may lose sheen, say experts
Published December 4, 2008, 5:47 pm, Business Standard India
The Securities and Exchange Board of India's decision to restrict early exits from close-ended funds will reduce the attractiveness of Fixed Maturity Plans (FMPs), experts said.
News It pays to count your pennies
Published December 4, 2008, 5:46 pm, The Paris News
Paris tradition ready to celebrate 20th year Christmas in Fair Park celebrates its 20th year with more than 100 vendors vying for space at the fairgrounds.
HDFC Bank, HSBC reduce deposit rates
Published December 4, 2008, 5:46 pm, Business Standard India
HDFC Bank and HSBC have set the ball rolling for their private sector and foreign peers to lower deposit rates. Effective On Thursday, the country’s second-largest private sector lender HDFC Bank lowered deposit rates by 50-225 basis points across various maturities.
Putin holds question-and-answer session
Published December 4, 2008, 5:46 pm, Eastday.com
Russian Prime Minister Vladimir Putin yesterday held a question-and-answer session with the public, his first as the premier and leader of the ruling United Russia party.
Automakers face skeptical senators on aid plan
Published December 4, 2008, 5:46 pm, Boston Globe
U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall short of what the carmakers want.
Some tested Tasers fire stronger current than company says: CBC/Radio-Canada probe
Published December 4, 2008, 5:46 pm, CBC British Columbia
Some Tasers deliver a higher level of electricity than the manufacturer promises, reveals a series of tests on 41 stun guns that was commissioned by CBC News and Radio-Canada.
One day after layoffs, second Bedford furniture maker says they’re ‘on track’
Published December 4, 2008, 5:46 pm, The News & Advance
The day after one Bedford furniture maker announced it would close most of its local plant, an official at a neighboring chair factory reported that business is holding up.
Grasim, Lafarge not to defer RMC expansion plan
Published December 4, 2008, 5:46 pm, Business Standard India
Though Swiss cement major Holcim has put its ready-mix concrete (RMC) expansion plans in India on hold with slowdown in the construction industry, its competitors are in no mood to follow suit.
Retailers brace for Christmas rush
Published December 4, 2008, 5:45 pm, Scoop.co.nz
Paymark-processed transactions were up 1.2 percent in the last 28 days of November versus the same month in 2007, a sharp drop in the growth rate of previous months. In total $3.54 billion was spent across the Paymark network for the month, via 68 million card transactions.
Carmakers' Bailout Pleas Hit Senate Skepticism
Published December 4, 2008, 5:45 pm, FOX 2 News Detroit
Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency -- and a new dose of humility -- for a $34 billion bailout.
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