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Authorities Trace Voyage of Kuber
Investigators are pursuing leads that the terrorists left in another boat from the Pakistan port of Karachi, along the coast west of the mouth of Sir Creek, then hijacked the Kuber to avoid detection in Indian territorial waters.
Wall Street Journal

Russia`s Medvedev: Avoid wage arrears (AP)
AP - President Dmitry Medvedev ordered the government Monday to ensure that overdue wages do not become a major problem, showing concern that the persistent financial turmoil could revive a problem that plagued Russia in the 1990s.
yahoo.com

Persimmon looks to refinance debt prematurely
Persimmon has become the latest housebuilder to look at prematurely refinancing its debt in an attempt to avoid a possible breach of its banking covenants
Telegraph

U.S. Calls for Pakistan`s Aid in Probe
The U.S. is pushing for Pakistan's cooperation in the investigation of the Mumbai attacks, hoping to avoid tensions between India and Pakistan.
Wall Street Journal

Down we go again: Fourth-worst drop ever for Dow
The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession. Not only...
San Francisco Chronicle

Watchlist for December 1, 2008
I guess it’s back to reality today since we’re back to the 2% gaps at the open…On Today’s Calendar:10:00 — Construction Spending10:00 — ISM IndexMore Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | EconomicPotential swing trades:See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also [...]
tradermike.net

Detroit`s Big 3 Will Try Again To Get Federal Loans
Executives from the top three U.S. automakers return to Washington, D.C., this week. They're going to try, again, to convince Congress to give them federal loans. They say they need the money to avoid an industry collapse. Two weeks ago, Congress sent them away empty-handed.
NPR

Egypt`s Suez Canal Threatened By Somali Pirates
The increased piracy off the Somali coast is threatening to reduce traffic through the Suez Canal, one of Egypt's economic mainstays. Some shipping companies are already ordering some vessels to travel around the horn of Africa to avoid the pirate-infested waters leading to the canal. Egypt is at risk of losing billions of dollars in revenue.
NPR

Press Releases: Securities Lending Loses Its Shine
Watson Wyatt, a leading global consulting firm, has recommended that its clients suspend securities lending activity where possible if they are in any doubt about their lending guidelines and arrangements. The firm asserts that the risk-reward trade-off around this activity has changed and that, in some instances, it may no longer be worthwhile. However, it also warns that suspending securities lending can crystallize a loss in some cases, which should be avoided. [UNITED STATES]
watsonwyatt.com

Lenders look to avoid foreclosures
Even though homeowners have not received a government bailout, the financial crisis is helping some people deal with mortgages.
bizjournals

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