Shockwaves were felt throughout the country yesterday as Northern Rock customers queued to withdraw their savings from the stricken bank after news of emergency funding from the Bank of England threatened to cause a crisis of confidence in British banking.
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Data: Sep 15, 2007 Accesari: 0 Voturi: 0
Yesterday something happened that I have not seen in my lifetime, a run on a major British bank. There were queues outside Northern Rock branches as depositors tried to get their money out.
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Data: Sep 15, 2007 Accesari: 0 Voturi: 0
The sign in the window of Northern Rock in Golders Green, north London, read: "Come in, let's talk". But yesterday customers wanted to do far more than that; they wanted to empty their savings accounts.
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Data: Sep 15, 2007 Accesari: 0 Voturi: 0
UK stock markets predictably nose-dived as news of the emergency bail-out sent jitters across the City. As well as banks' shares falling by as much as 32 per cent, shares in some other financial services institutions took a hammering, as investors contemplated the worst case endgame for the credit crunch.
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Data: Sep 15, 2007 Accesari: 0 Voturi: 0
Although Northern Rock's bail-out by the Bank of England has few direct repercussions for the British economy, the event sent out a warning that the credit crunch could last for longer than most had expected.
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Authorities in China ordered the recall of tainted leukemia drugs blamed on leg pains and other problems on Sunday, the latest crisis to strike China's embattled food and drug industry.
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Investors expect Fed on Tuesday to cut interest rates to help fight global credit crunch.
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Hundreds of people lined up for a second consecutive day outside local branches of a bank in Britain now facing a credit crunch, despite reassurances that it remains solvent.
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Trying to fend off lawsuits, foreign competition and state rules, some big industries are pushing for new federal regulations.
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Japanese homemakers who moonlight as currency speculators have been hit hard by turmoil in the markets.
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As talks between the United Automobile Workers union and General Motors stretched past a contract deadline, workers started to fear what they might have to give up.
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Many young people on the fast track to fat paydays in the financial industry are choosing to forgo M.B.A. programs.
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Congress is moving to stop separate Medicare reimbursement in order to end an incentive to overuse a drug frequently given to dialysis patients.
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My article last week on my personal college financing dilemma generated a maelstrom of responses.
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Data: Sep 17, 2007 Accesari: 0 Voturi: 0
Signing up to get rebates for gasoline purchases has become popular. But there are caveats.
Forget the quest for airline miles. Today's hot credit card perk is at the gas pump.
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Data: Sep 17, 2007 Accesari: 0 Voturi: 0
Even if you perform a public service without pay, agencies may do a background check. But who controls the data?
Background checks have become so pervasive in the work world that you might as well count on undergoing one if you're a candidate for a big job.
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Data: Sep 17, 2007 Accesari: 0 Voturi: 0
'Powerloafing,' a Web sitcom, has given an Emmy-winning writer a chance to take his talent to another medium.
Mike Upchurch has elevated slacking to an art form.
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Data: Sep 17, 2007 Accesari: 0 Voturi: 0
If you're in search of a first home, you're in
luck. Today's buyers' market has given the typical
starter condo an automatic upgrade, real estate
experts say.
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The thriller "The Brave One" opened as the top film at U.S. and Canadian theaters, taking in $14 million in ticket sales for Time Warner Inc.'s Warner Bros.
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For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
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The McLaren Formula One motor racing team could be forced to secure a mortgage on its assets and future revenues to cover a $100m (£50m) fine it was handed last Thursday for possessing intellectual property belonging to its rival Ferrari.
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Data: Sep 17, 2007 Accesari: 0 Voturi: 0
Lord Oxburgh, the former chairman of Shell, has issued a stark warning that the price of oil could hit $150 per barrel, with oil production peaking within the next 20 years.
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ITV has been struggling to adjust its set. Lam- basted for the poor performance of its shows, poleaxed by a poor advertising market and battered by a resurgent BBC, the broadcaster has found the past few years particularly hard going.
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Cadbury Schweppes has been forced to try and recall thousands of chocolate bars for the second time in two years.
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A former Enron executive is tapping investors for $150m (£75m) to help Brazil produce enough biofuels to power the world's cars.
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Stocks dropped on Monday, led by financial shares, as a rush by savers to withdraw deposits at a large British mortgage lender fueled concerns that turmoil in the credit markets would spread.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0
Generation gaps are nothing new. But this is much more than that. Young folks today really seem to think differently. And I think the reason comes back to the computer.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0
The record prices are starting to torture consumers with questions of when and how the oil rally will impact spending on gasoline at the pump and heating oil at home as the winter season approaches.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0
When we talk now about outrageous prices, we're referring to those of goods and services that without rhyme, reason or straight-faced excuse are marked up to infinity.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0
Judge orders Chiquita to pay $25 million fine for making payments to terrorist organizations in Colombia.
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The Canadian dollar continued its seemingly relentless climb towards parity with the U.S. greenback on Monday.
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Northgate Minerals' attempt to expand its Kemess copper-gold mine in northern British Columbia suffered a major blow Monday when a review panel recommended that governments not allow it to proceed
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Canadian identity and culture face a serious long-term triple threat from the deepening concentration, deregulation and globalization of the media, said the first presenter at federal public hearings on media diversity on Monday.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0
Conrad Black's lawyers say he and the co-defendants in his summer fraud trial should not have to forfeit $17 million US being sought by prosecutors in Chicago.
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Data: Sep 18, 2007 Accesari: 0 Voturi: 0