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Morrison Spends $587 Million to Purchase Supermarkets (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- William Morrison Supermarkets Plc , the smallest of the four main U.K. food retailers, said it will spend 403 million pounds ($587 million) to buy new stores and a warehouse and halted share buybacks to fund the purchases ...

TransUnion: 3Q mortgage delinquencies shoot higher - WTOP Radio
NEW YORK (AP) - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...

Vital Signs: New Plan Could Help Mortgage Market - BusinessWeek
The drumbeat of bad economic news continues, and policymakers keep coming up with big-money strategies to arrest the damage. The latest move by the Federal Reserve and Treasury Dept. commits up to $800 billion in support of the mortgage and consumer ...

Mortgage lending plunges nearly 70% - Ananova
Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...

Bank of England cuts interest rate to two percent - New Kerala
Thursday's cut brings British rates down to their lowest level since 1951. The recent round of significant cuts in the key lending rate began on Nov 6, when the BoE reduced rates by a drastic 1.5 percentage point to three percent. "Business surveys ...

Next Round Of Foreclosures To Hit Retail - CBS News
(CBS/AP) Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

The Round-Up: Thursday - New York Observer
Man who attempted to parachute from the top of the Empire State Building in 2006 is charged with reckless endangerment. [NY Times] Among those at last night’s Christmas tree lighting ceremony at Rockefeller Center were Hurricane Katrina victims ...

SEC May Curb Credit-Rating Conflicts, Delay New Mortgage Grades - Daily Business Review
he U.S. Securities and Exchange Commission may act to curb conflicts of interest at credit-rating companies while delaying a mortgage-bond ranking proposal faulted by underwriters, two people familiar with the matter said. SEC commissioners plan to ...

Viewing all entries for: December 2008 - Economist.com
There has been a fascinating discussion taking place on depression economics. Paul Krugman, who's rereleasing his book on the subject, touched off the latest round with a note on wage policies, aggregate demand, and aggregate supply. Greg Mankiw ...

AIG May Double Some Salaries With Retention Payments (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- American International Group Inc. , whose bonuses and perks drew fire from lawmakers after the insurer accepted a federal bailout, will make special retention payments that more than double the salaries of some senior managers ...

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