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Confidence on the comeback as British firms expect growth
OPTIMISM among British businesses is returning, according to a new survey, with a growing number expecting orders will increase in the coming months.
Scotsman Monday, August 03, 2009

GMG considers closure of Observer in cost-cutting drive
LOSS-making Guardian Media Group might close its weekly newspaper the Observer in a drastic cost-cutting drive triggered by a plunge in the group's finances.
Scotsman Monday, August 03, 2009

Lloyds mulls U-turn over sale of HBOS portfolio
LLOYDS Banking Group is expected to shelve plans to find a single buyer for its stakes in dozens of companies acquired as part of the takeover of HBOS.
Scotsman Monday, August 03, 2009

Upbeat China data lifts stocks, dollar battered
HONG KONG (Reuters) - Asian stocks crawled up to an 11-month high on Monday as Chinese shares cheered more signs of economic activity picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.
Reuters Monday, August 03, 2009

Clunker trade-ins to boost July U.S. auto sales
DETROIT (Reuters) - The punishing four-year decline in U.S. auto sales may have reached a turning point this week -- just as Michael Papa handed over the keys to his 1996 Ford Explorer for a government-sponsored trade-in.
Reuters Monday, August 03, 2009

Call to simplify benefits claims
The benefits and tax credits system is too complex and needs radical reform, says the Centre for Policy Studies.
BBC Monday, August 03, 2009

Deal of the week: Online auction a new real estate tool
Cushman & Wakefield of Texas recently sold several apartment complexes under its new online auction platform developed in Houston to dispose of distressed properties.
Houston Chronicle Monday, August 03, 2009

Restaurant Industry
While there are pockets of opportunity in the sector, we think the recovery will be slower than anticipated by the market. We are favorable on DRI and BWLD, but not on BJRI or RRGB.
Zacks Monday, August 03, 2009

Dealers warned off Cash for Clunkers
Despite the Obama administration's promises that any Clunker deals written this weekend would be honored, the National Automobile Dealers Association is advising its members to play it safe and not close any more deals until the program's fate is clearer.
CNN Monday, August 03, 2009

Why the Banks Aren't Modifying Home Loans
In February, the Obama Administration said it would pay mortgage-servicing companies to modify existing home loans to make them more affordable -- an attempt to keep struggling borrowers in their houses and slow the escalating pace of foreclosures
Market Watch Monday, August 03, 2009

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