Monthly Archives: October 2011

Fannie, Freddie dole out big bonuses (Politico)

Written on October 31, 2011 by Editor - Political News

The Obama administration’s efforts to fix the housing crisis may have fallen well short of helping millions of distressed mortgage holders, but they have led to seven-figure paydays for some top executives at troubled mortgage giants Fannie Mae and Freddie … Continue reading →

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Gillard fury over Qantas action

Written on October 31, 2011 by Editor - World News

31 October 2011 Last updated at 23:59 ET Unions have been battling to safeguard jobs and wages for months Australian Prime Minister Julia Gillard has hit out at national airline Qantas, in her strongest criticism yet of the firm’s decision … Continue reading →

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US solder jailed for Korean rape

Written on October 31, 2011 by Editor - World News

1 November 2011 Last updated at 00:56 ET By Lucy Williamson BBC News, Seoul The judge said the soldier had carried out a violent and abnormal assault A US serviceman based in South Korea has been sentenced to 10 years … Continue reading →

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Groups push J&J on baby shampoo chemicals (AP)

Written on October 31, 2011 by Editor - Top News Stories

TRENTON, N.J. – Two chemicals considered harmful to babies remain in Johnson Johnson’s baby shampoo sold in the U.S., even though the company already makes versions without them, according to a coalition of health and environmental groups. The Campaign for … Continue reading →

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World economy needs China to slow growth gradually (AP)

Written on October 31, 2011 by Editor - Top News Stories

WASHINGTON – China’s high-flying economy is starting to lose altitude. The big question is whether the world’s economic superstar will shrink gradually — or so fast that it harms a fragile global economy. China’s comedown is being engineered by its … Continue reading →

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Greek referendum threatens new euro zone crisis (Reuters)

Written on October 31, 2011 by Editor - Business News

ATHENS (Reuters) – Greek Prime Minister George Papandreou has threatened the euro zone with a new crisis with his shock announcement that he will hold a referendum on the last-minute bailout deal struck only last week to try to contain … Continue reading →

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Berlusconi urged to quit as bond yields climb (Reuters)

Written on October 31, 2011 by Editor - Business News

ROME (Reuters) – Prime Minister Silvio Berlusconi faced fresh calls to resign on Monday as markets turned on Italy, pushing its borrowing costs to dangerous new levels on renewed concern about a worsening of the euro zone crisis. One of … Continue reading →

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Canada exchange operator backs $3.8 billion buyout bid (Reuters)

Written on October 31, 2011 by Editor - Business News

TORONTO (Reuters) – TMX Group has embraced a Canadian consortium’s C$3.8 billion ($3.8 billion) takeover offer, bolstering the chances shareholders will endorse a once-hostile deal that would put the country’s largest exchange under the same roof as its largest rival. … Continue reading →

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Penney bets on finer offerings for holiday season (Reuters)

Written on October 31, 2011 by Editor - Business News

NEW YORK (Reuters) – J.C. Penney Co Inc (JCP.N) is adding more expensive items to its holiday selection this year, betting its efforts to become a more fashionable retailer will bring in shoppers willing to spend more. For instance, the … Continue reading →

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Chain store sales seen up again in October (Reuters)

Written on October 31, 2011 by Editor - Business News

(Reuters) – October sales reports this week will show steady spending by U.S. consumers, as improving finances for many shoppers helped overcome a barrage of scary headlines about the economy. October can be a slow month, falling in the lull … Continue reading →

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