Human_Resources_&Amp Information

More mortgage meltdown misery

Option ARM [adjustable rate mortgage] loans, a form of Alt-A loans, were sold primarily to prime and near-prime borrowers between 2004 and 2007. Based on borrowers’ safer credit scores, many loans involved little or no documentation and low ...

Recession pushes healthcare into shade

“I’m a healthcare voter!” says a campaign run by the Service Employees International Union, the labour body that has more than 1m doctors, nurses, nursing and home care workers among its members. With the housing market in severe trouble and a ...

Higher loan losses hit US regional banks

Regional banks have suffered from losses on second mortgages and residential construction and development loans. Several regional banks reporting on Tuesday also suffered losses from holdings of preferred shares issued by Fannie Mae and Freddie Mac ...

FT.com / Home UK / UK - US carmakers

Wednesday, October 22, 2008
Financial Times, UK -
The US car industry resembles a game of musical chairs with the song about to stop. Already running round in circles, it looked earlier this year as if big reductions in overheads had bought Detroit's Big Three time to emerge in 2010 as smaller, leaner companies. But the ...

FT.com / Home UK / UK - US carmakers

Wednesday, October 22, 2008
Financial Times, UK -
The US car industry resembles a game of musical chairs with the song about to stop. Already running round in circles, it looked earlier this year as if big reductions in overheads had bought Detroit's Big Three time to emerge in 2010 as smaller, leaner companies. But the ...

FT.com / Home UK / UK - US carmakers

Wednesday, October 22, 2008
Financial Times, UK -
The US car industry resembles a game of musical chairs with the song about to stop. Already running round in circles, it looked earlier this year as if big reductions in overheads had bought Detroit's Big Three time to emerge in 2010 as smaller, leaner companies. But the ...

FT.com / Companies / UK companies - Fenner calls on FSA in effort to stop malicious rumours

Wednesday, October 22, 2008
Financial Times, UK -
By Robert Cookson Fenner, the conveyor belt manufacturer, has asked the Financial Services Authority to track down a man who has been spreading malicious rumours to shareholders under the guise of a company employee. The company yesterday released a statement in which ...

FT.com / Home UK / UK - Manufacturing confidence falls sharply, says CBI

Wednesday, October 22, 2008
Financial Times, UK -
By Norma Cohen Confidence in the manufacturing sector suffered its sharpest fall in 28 years with both domestic and overseas orders hit hard by the global slowdown, according to the CBI employers' group. The CBI's quarterly industrial trends survey found that manufacturers expected a ...

FT.com / Home UK / UK - Kerkorian to sell down Ford stake and focus on gaming investments

Wednesday, October 22, 2008
Financial Times, UK -
By John Reed in London and Bernard Simon in Toronto Ford Motor was yesterday hit with a fresh blow as Kirk Kerkorian began to sell his stake in the lossmaking US carmaker, saying he saw more value in his holdings in gaming and other sectors. The exit ...

FT.com / Home UK / UK - Kerkorian begins Ford exit

Tuesday, October 21, 2008
Financial Times, UK -
By John Reed in London and Bernard Simon in Toronto Ford Motor was yesterday hit with a fresh blow as Kirk Kerkorian began to sell his stake in the lossmaking US carmaker, saying he saw more value in his gambling and other investments. The exit of the ...

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