Recovery hopes fuel FTSE rally
A powerful rebound in the world’s stock markets gained fresh impetus in spite of poor economic data, deteriorating company results and the threat of a swine flu pandemic
April 30, 2009
Lloyds to drop Clerical brand
LONDON (Reuters) - Lloyds Banking Group said it will cut 305 jobs as it merges its Scottish Widows and Clerical Medical units, according to media reports.
Chrysler bankruptcy deal revealed
US carmaker Chrysler is to file for what the White House calls a “surgical short bankruptcy”, and has formed an alliance with Italy’s Fiat.
Obama plots path for Chrysler’s future
President Barack Obama said that Chrysler would be filing for Chapter 11 bankruptcy protection and confirmed a partnership with Italy’s Fiat aimed at giving a new lease on life to what he called “one of America’s most storied automakers”
House prices resume decline
• House prices fell by 0.4% in April, Nationwide says • Figure partially reverses surprise increase seen in March House prices fell by 0.4% in April, reversing some of the surprise 0.9% rise in March, the Nationwide building society said today. The return to falling prices brought the average cost of …
Chrysler teeters on brink of bankruptcy
Chrysler slid to the brink of bankruptcy as it negotiated with debtholders and the US government in an attempt to prevent filing for protection from creditors