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Bank of England considered huge rate cuts

The Bank of England considered slashing interest rates by more than 200 basis points this month before settling for a smaller but still spectacular cut, raising expectations of further big cuts to stave off a deep recession.

Still at Top of Her Game, Sorenstam Is Content to Step Away
... to leave the tour to focus on business ventures. It's been very different, she said. ... was, again, unparalleled. The first round on USA Network produced a record 1.7 national rating, ... on her last hole of her last United States Open at Interlachen. She holed a 6-iron ...
Chemical Maker Cuts Output Amid Downturn
... reduce overcapacity. The company will review its business in January and decide whether conditions warrant ... up the slack from Europe and the United States, but that it had failed to materialize. ...
In brief: Hartnett takes up solar energy post

Silicon Valley figure and former Palm executive John Hartnett is to take up a role as chief executive at a UK solar energy company. The Irish businessman will lead solar energy company G24i in its next stage of expansion into global markets.

How Virgin Galactic will make space tourists of us all

Recession fears hit stock markets
European and Asian markets fall sharply amid growing concerns that the world economy will enter a protracted slump.
Tata Group cools expansion plans
Indian conglomerate Tata Group says it will cut down on acquisitions because of increasing problems in raising capital.
Deductibles march higher for employer-provided health insurance
... at the New America Foundation, a nonpartisan Washington think tank. "They are doing everything they ... that's got to amplify the effect." But small-business owners are struggling to find ways to ...
Bank share recovery fails to offset drop in general market

DUBLIN shares fell yesterday after a recovery in bank shares failed to offset a drop in the general market and the ISEQ Index ended the session with a decline of 33.97 points or 1.39pc to 2416.22.

Lloyds shareholders vote for takeover of rival HBOS

A new UK banking giant came a bit closer to reality yesterday after Lloyds TSB shareholders overwhelmingly voted through the company's takeover of smaller rival HBOS, paving the way for the government-brokered deal to complete by January.

EU leaders to consider €130bn plan to bolster economies

The European Union's executive arm will next week unveil a stimulus package worth €130bn aimed at bolstering the bloc's economy, a senior German minister said yesterday.

In brief: Hartnett takes up solar energy post

Silicon Valley figure and former Palm executive John Hartnett is to take up a role as chief executive at a UK solar energy company. The Irish businessman will lead solar energy company G24i in its next stage of expansion into global markets.

Opel among carmakers that may need bailout, says EU

European carmakers may need financial aid from the EU and its governments, according to senior EU officials yesterday. They singled out General Motors' unit Opel as a possible emergency case.

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