Redundancies_&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 ...

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 / Financial services - Higher loan losses hit US regional banks

Tuesday, October 21, 2008
Financial Times, UK -
By Saskia Scholtes in New York Higher loan losses weighed on quarterly results at a clutch of US regional banks on Tuesday amid continued consumer weakness and turbulence in financial markets. Ohio’s largest banks all suffered losses. National City said it planned ...

FT.com / Companies / Asia-Pacific - Jet in U-turn on plans to axe staff

Oct 17, 2008
Financial Times, UK -
By Amy Kazmin in New Delhi Jet Airways, India's biggest and most established private airline, has reversed course and abandoned plans to lay off 1900 ...

FT.com / Companies / Retailing & leisure - Fears grow for Waterford jobs

Oct 15, 2008
Financial Times, UK -
Waterford Wedgwood is to meet Irish employees amid reports of plans for further redundancies at its crystal operation, writes John Murray Brown. ...

FT.com / Home UK / UK - Waterford meets staff amid job fears

Wednesday, October 15, 2008
Financial Times, UK -
By John Murray Brown in Dublin Waterford Wedgwood is to meet Irish employees today amid reports of further redundancies that would reduce its crystal glassware operation in County Waterford to a hub manufacturing unit attached to a visitor centre. Union officials at ...

FT.com / Companies / Financial services - Markets' most volatile week since crunch began

Oct 5, 2008
Financial Times, UK -
By Michael Mackenzie in New York World markets endured their most volatile week since the credit crunch began more than a year ago, as lending between ...

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