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Akzo Nobel cuts jobs and suspends share buyback - NRC Handelsblad
Dutch chemicals group Akzo Nobel has postponed the remaining 1.6 billion euros of a share buyback plan due to the credit crunch, it said on Monday, sending its share price to a three-year low. The world's biggest paint company, which earlier this ...

GE Defends Health as Credit Risk Widens, Shares Fall (Update2) - Bloomberg
Oct. 1 (Bloomberg) -- General Electric Co. said it has been able to sell corporate paper and fund operations without tapping bank lines, seeking to quash speculation that led to a surge in its credit default swaps and a slump in the stock. ``We see ...

A contrarian gets the last laugh - Globe and Mail
Vito Maida says he's lucky. But he could just as easily say, "I told you so." More than four years ago, with stock prices roaring upward and a global real estate boom gaining pace, the Toronto money manager sat down to pen his thoughts on the markets ...

Opinion: Credit crunch will bite Premier League football clubs soon - Daily Mirror
Funny, in the midst of a global financial meltdown, how no one's mentioned football yet isn't it? Funny how no one's wondered whether a sport whose rulers have laced it with its own river of toxic debt might be headed for a Black Saturday some time ...

The Credit You Deserve - Newsweek
Wall Street's problems have captured the attention of Congress, the White House and the media. But on the country's Main Streets, worried workers, struggling small business owners and cash-strapped families are wondering if anyone is paying attention ...

McCain blames Democrats for bailout defeat - Boston Globe
John McCain responded to the defeat of the bailout bill with a stinging attack on Democratic rival Barack Obama and his congressional allies. “From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he ...

House Republicans Blame Pelosi’s Speech - Wall Street Journal
Patrick Yoest reports from Washington on Congress. House Republicans blamed the failure of the $700 billion Wall Street rescue plan Monday on House Speaker Nancy Pelosi (D., Calif.), saying that Pelosi had been too partisan in a floor speech prior to ...

September 2008 - Weekly Standard
"I don't think me calling House Republican members would have been that helpful. I tend not to be that persuasive on that side of the aisle." - Barack Obama, acknowledging he doesn't know how to do bipartisanship and that his whole post-partisan ...

Microsoft, Schering-Plough See `Entire Economy' in Jeopardy - Bloomberg
Sept. 30 (Bloomberg) -- Officials from Microsoft Corp. to Office Depot Inc. and Schering-Plough Corp. said the government's failure to bail out the U.S. banking industry put the ``entire economy'' at risk unless a deal comes soon. ``The various ...

Mortgage Rate Dip Gets Borrowers' Attention - Washington Post
For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. "It would have bothered me not to be in the 5 percent range, even though the monthly ...

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