Archive for November 6th, 2008

Scottish special election a test for UK’s Brown (AP)

Thursday, November 6th, 2008
AP - A special election Thursday in Scotland is being seen as a measure of whether Prime Minister Gordon Brown's handling of the global financial crisis has raised his popularity.
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Craigslist Agrees to Curb Sex Ads

Thursday, November 6th, 2008
By BRAD STONE SAN FRANCISCO - The online classifieds company Craigslist said Thursday that it had reached an agreement with 40 state attorneys general and agreed to tame its notoriously unruly “erotic services” listings.
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Wall Street slides amid global rout (AFP)

Thursday, November 6th, 2008
AFP - US stocks were hammered for a second day in a row Thursday as global markets plunged on fears of a deep worldwide recession.
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Retailers See a Broad Slowdown Ahead of Holidays

Thursday, November 6th, 2008
By STEPHANIE ROSENBLOOM Just ahead of the crucial holiday shopping season, most of the nation’s retailers reported double-digit declines in October sales on Thursday, underscoring how the financial turmoil has touched all stores, be they discount or ...
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European banks cut rates as recession looms (AP)

Thursday, November 6th, 2008
AP - The Bank of England slashed its key interest rate by 1.5 percentage points Thursday to its lowest in more than 50 years in a dramatic bid to cushion the coming recession, while the European Central Bank settled for a more conservative half-point trim.
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Fidelity latest fund firm to cut jobs

Thursday, November 6th, 2008
By Sam Mamudi, MarketWatch A previous version of this story misstated the number of workers to be laid off. The story has been corrected.
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IMF Forecasts Australia to Grow 1.8% in Fiscal 2009 (Update1)

Thursday, November 6th, 2008
By Madelene Pearson Nov. 7 (Bloomberg) -- Australia's economy is forecast to grow 1.8 percent in fiscal 2009 by the International Monetary Fund, Treasurer Wayne Swan said.
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Barclays says US rules could limit auto loan access

Thursday, November 6th, 2008
DETROIT, Nov 6 (Reuters) - The ability of US automakers to access an already approved package of $25 billion in federal loans may be limited by the rules proposed by the Department of Energy, Barclays Capital said on Thursday.
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Craigslist to Curb Illegal Sex Ads in State Agreement (Update3)

Thursday, November 6th, 2008
By Karen Freifeld Nov. 6 (Bloomberg) -- Craigslist Inc., the online classified-advertising company, agreed with 40 states to increase requirements for advertisers in its ``erotic services'' category to help block offers of illegal sexual services.
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Euro, pound pressured after ECB, BOE interest rate cuts

Thursday, November 6th, 2008
By Lisa Twaronite, Deborah Levine & William L. Watts, MarketWatch SAN FRANCISCO (MarketWatch) -- The dollar benefited from rising risk aversion Thursday as US stocks crumbled, while interest rate cuts by the European Central Bank and the Bank of ...
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