News : WORLD : Business, Economics & Finance
LATEST & HOT NEWS ONLATEST & HOT NEWS INBUSINESS, ECONOMICS & FINANCE IN WORLD     
Pearlstein: The Bailout for Detroit
Washington Post columnist Steven Pearlstein will be online to discuss the automotive bailout.
Woolworths in crunch talk on stores
British Land posts £1.3bn loss
British Land the UK's second largest property company has posted a loss of �1.3bn after it was forced to write down the value of its portfolio amid a slump in the commercial property market.
Wall Street pulls off final-hour rebound
The Standard and Poor's 500 index nears a 2003 low but Hewlett-Packard's strong outlook helps buoy investors. Wall Street rebounded Tuesday in another turbulent session after the Standard & Poor's 500 index neared a 2003 low.
Price of Southern California homes falls 41% from peak
The median sales price drops to $300,000 in October, dragged down by the large number of foreclosed homes on the market. With the price of Southern California homes down more than 40% from its peak, the housing market has now slid further than most economists expected.
Odds of winning Premium Bonds lengthen
The odds of winning a Premium Bond prize worsen drastically as NS?I cuts returns in the wake of rate cut.
Retreat by Barclays fails to end revolt
Barclays was facing renewed shareholder anger in spite of moves aimed at heading off a revolt over its plans to raise more than £7bn in fresh capital from Middle Eastern investors
'One million without clear mortgage payment plan'
Nearly half of homebuyers with interestonly mortgages have no specific savings plan to repay their debts.
Asian shares fall as economies slide into recession
Stocks fell across Asia today as oil prices fell to a 22month low and traders across the world feared for the future of the American car industry.
Babcock Brown slashes jobs and assets
Australian investment firm Babcock & Brown is selling about half of its assets and it announced sweeping job cuts in an attempt to settle its bank debts and safeguard its future
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Struggling Woolworths confirmed it is in talks about selling its stores.
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