Enterprise Inns feels the squeeze
October 5, 2008 – 12:20 amThe pub chain Enterprise Inns has thrown a financial lifeline to 850 of its publicans struggling to survive because of falling beer sales and rising rents.
Thain to stay with Bank of Amercia
October 5, 2008 – 12:19 amJohn Thain, the chief executive of Merrill Lynch who has been credited by some with organising the sale of the investment bank to Bank of America and avoiding the ignominy of collapse, will stay with the enlarged group when the takeover deal goes through.
Household savings fall as credit crunch bites
October 5, 2008 – 12:19 amBritish households have been forced to rely on their savings to maintain their standard of living.
Akzo to shed 3,500 jobs with ICI’s integration
October 5, 2008 – 12:18 amThe owner of paint and chemicals company Imperial Chemical Industries (ICI) is to cut 3,500 jobs by 2011 and postpone its share buy back programme.
Buffett Sees the Light in GE
October 5, 2008 – 12:18 amSome stocks are labeled bellwethers for good reason. General Electric , the huge conglomerate whose reach extends into industry, health care, media and financial services, has long been considered a barometer for the economy. These days, for better or worse, the company is emblematic of the problems…
Waitrose to open convenience store
October 5, 2008 – 12:17 am
Supermarket chain Waitrose today unveiled plans for its first move into the
convenience store sector.
A Teen Girl’s Guide to Managing Wealth
October 5, 2008 – 12:17 amWhen I handed the book to my 13-year-old daughter, Olivia, she groaned.
With Merger, Revolution Takes Aim At WebMD
October 5, 2008 – 12:16 amRevolution Health Network, the online health care business launched by AOL co-founder Steve Case, is merging with competitor Waterfront Media in an effort to better challenge WebMD as the top source of online health information.
New Law Seeks to Limit Executive Compensation
October 5, 2008 – 12:16 amIn the first significant attempt by Congress to legislate executive pay, the $700 billion financial rescue plan signed into law yesterday includes efforts to rein in the use of “golden parachutes,” banning the giant windfalls in some cases and imposing bigger tax penalties in others.
A Bid to Rescue Homeownership
October 4, 2008 – 12:27 amAs soon as I heard about the federal government’s takeover of Fannie Mae and Freddie Mac, I began wondering what this will mean for homeowners long-term.