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US recession began in December 2007’ - Daily Times
WASHINGTON: The US economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER _ a private, nonprofit research organization _ said its group of academic economists who determine business cycles ...

Weep for Woolies - bbc
The manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...

High-Powered Summit, Low-Power Expectations - Wall Street Journal
The Morning Brief, a look at the day's biggest news, is emailed to subscribers by 7 a.m. every business day. Sign up for the e-mail here . The European, Asian, Mideast and North and South American countries of the Group of 20 may share the pain of ...

Need to know: Danone ... Informa ... US unemployment - Times Online
Retail sales volumes dropped by 0.4 per cent in September, cutting their year-on-year pace of increase to 1.8 per cent, the weakest since February 2006. Sales of food fell by 0.3 per cent over the latest three months, compared with a year earlier ...

Banks told to pass on rate cut - Evesham Journal
Chancellor Alistair Darling told banking chiefs to pass on the interest rate cut to customers "as quickly as possible", according to sources. The heads of all high street lenders were summoned to a breakfast meeting at the Treasury at which they were ...

Good housekeeping is a gamble that may win - Times Online
A helpful rule of thumb for assessing the fanfare that habitually precedes a Gordon Brown initiative, is that there will be less to it than meets the eye. Under scrutiny, these things tend to come apart in our hands, shot through with failures of ...

Experts predict fall in inflation - Evesham Journal
Inflation figures for October are set to show the first month-on-month fall in the cost of living for more than a year, thanks largely to cheaper petrol prices. The Consumer Prices Index (CPI) - the official measure of the cost of living - reached a ...

Australian banks refuse to roll over debt - The Australian
SIGNS are emerging that banks are reaching the point of no return, by refusing to roll over debt for fallen angels like Allco and Centro. Allco may yet win a reprieve but the fact it went into a trading halt yesterday at least confirms some banks are ...

Will Obama End Global Trade? - Motley Fool
How will President-elect Obama affect your portfolio? Keep reading our special series for the lowdown. Global reaction to Barack Obama's historic election as president of the United States was generally one of respect, admiration, and excitement for ...

Unemployment will rise, says Gillard - ninemsn
The days of low unemployment are numbered because the global financial crisis will hurt Australian economic growth and the jobs market, Deputy Prime Minister Julia Gillard has warned. New data shows the unemployment rate unexpectedly stayed at 4.3 ...