AP - Shares in DSG International PLC rose 21 percent Friday from a 20-year low after Credit Suisse raised its rating of the stock to "outperform" on the basis that market concern over the economic slowdown had left the stock too cheap.
AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.
AP - The chances of another interest rate cut by the European Central Bank increased Friday after some of the bank's governors said borrowing costs may have to fall further to offset a worsening economic outlook and dropping inflation.
AP - Landesbank Baden-Wuerttemberg, Germany's largest state bank, said Friday it would receive a euro5 billion ($6.3 billion) cash injection from its shareholders and that it expected a loss in 2008 as the financial crisis takes its toll.
AP - The European Commission urged the 27 EU governments Friday to boost public spending and provide tax breaks to help industry overcome the accelerating economic slowdown that has already pushed several countries into a recession.
|
|
