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Xstrata drops £5bn bid for Lonmin - Financial Times
Lonmin shares lost nearly a fifth of their value on Wednesday after Xstrata decided to walk away from a proposed £5bn ($8.9bn) takeover of the world’s third biggest platinum miner. The Anglo-Swiss mining group blamed volatile conditions in the ...

Credit crisis forces Xstrata to ditch Lonmin bid - Guardian Unlimited
Xstrata pulled the plug on its proposed £5bn takeover of South African platinum producer Lonmin yesterday, blaming the credit crisis. The Anglo-Swiss mining group has not abandoned its commitment to Lonmin, though, and bought up 14.2% more of the ...

Xstrata drops Lonmin bid amid market turmoil - Times Online
Xstrata scrapped its £5 billion offer for Lonmin yesterday, while BHP Billiton's proposed acquisition of Rio Tinto faced setbacks as the world's two biggest takeover bids were sent reeling by the turmoil in the credit markets. The Anglo-Swiss mining ...

Xstrata drops its hostile bid for Lonmin  - Business Day South Africa
GLOBAL resources group Xstrata yesterday backed off a hostile offer for underperforming platinum miner Lonmin, opening the way for other bidders rumoured to be in the wings. After Xstrata said in August it might offer Lonmin’s shareholders £33 ...

Populism now! The mother of all DIY projects - Online Journal
“You got to be very careful if you don’t know where you’re going, because you might not get there.” --Yogi Berra. Henry Paulson waves his crooked pinkie in the air with his mouth twitching spastically, and explains to the gathered senators ...

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 ...

KENNEDY TO CASH IN - New York Post
A bidding war has erupted for the rights to Sen. Ted Ken nedy 's (D-Mass.) autobiography, which could end up well into the mid-seven figure range. The floor price to get in the running is believed to be around $2 million. The book is being handled by ...

Speech Text: Bush Addresses the Nation on Bailout - Wall Street Journal
Good evening. This is an extraordinary period for America’s economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. In this video image from APTN ...

Credit-crunched Gordon Brown - bbc
As a biographer of Gordon Brown and a former FT political editor, I have kept a fairly close eye on our prime minister and on HM Treasury for many years. So, for me, there were a number of jaw dropping moments in his BBC interview yesterday with ...

Don’t kid yourself: the housing slump really is on its way - Sunday Herald
HOW OFTEN must I say it? Falling house prices are a good thing, not a bad thing. It was property madness that got us into this financial mess in the first place, and the credit crisis will not be resolved, will not begin to be resolved, until house ...

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