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U.S. Auto Workers to hold meeting on bailout - Ottawa Sun
DETROIT (AP) — Local United Auto Workers leaders from across the country will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans. UAW leaders called the meeting ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” 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 ...

Mortgage lending down 95 per cent - Daily Telegraph
The figures led to widespread calls for an interest rate cut as early as next week to reinvigorate the housing market. According to the Bank of England, mortgage lending in August fell by 95 per cent compared to the previous month - a drop fuelled by ...

Home owners hit by mortgage rate rises - Daily Telegraph
HSBC, Woolwich - which is part of Barclays - and Yorkshire Building Society announced rises of up to 0.5 percentage points on some of their most competitive mortgages. Experts expect a "torrent" of lenders would follow suit because banks are nervous ...

UPDATE 2-UK lenders pass on UK 1.5 pct rate cut - Forbes
LONDON, Nov 7 (Reuters) - Five major British lenders passed on the Bank of England's 1.5 percentage point rate cut to their variable rate mortgage customers on Friday after the government urged them to keep lending to help stave off a recession. HBOS ...

Small investors furious at £37bn bank plan - Times Online
The army of small investors who own shares in Britain's banks were up in arms yesterday, accusing the Government of adopting bullying tactics and allowing political manouevering to get in the way of sound commerce. Roger Lawson, a director of the UK ...

Emerging markets turmoil engulfs UK listed banks - The Independent
The spread of financial turmoil to emerging markets caused investors to flee the shares of HSBC and Standard Chartered, the UK banks previously seen as most resilient amid theongoing credit crisis. Debt markets are signalling thatinvestors fear a ...

Which country will slither down the slippery slope next? - The Independent
The threat of a worldwide recession leaves many other countries fearing for their future financial and economic strength. Simon Evans, Mark Leftly and Jesse Loncraine assess the health of 16 states on the 'at risk' list No country in the world ...

Darling summons bank chiefs over rate cut failure - Times Online
Alistair Darling summoned the chief executives of Britain’s biggest banks to Downing Street today to demand that they immediately pass on the Bank of England’s interest rate cut to their customers. Treasury sources confirmed to The Times that the ...

County votes heavy turnout - Hope Star
Hempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...

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