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Business could learn from Obama style, experts say
NEW YORK (Reuters) - If Barack Obama were a corporate chief executive, the incoming U.S. president already would be winning high marks for his management style, experts say.
Reuters

U.S. In A Recession Since Dec. 2007; Stocks Sell Off Hard
The economy has been in recession for a year, the official arbiter of U.S. business cycles said Monday, confirming what Americans suspected....
Investors.com

Mortgage lending slumps 70 per cent
The housing slump seems set to worsen after official figures revealed yesterday that mortgage lending dived by nearly 70 per cent in October. The Bank of England's latest report on the mortgage market revealed that net lending on homes, which strips out redemptions and repayments, reached just £459m during the month, the second lowest figure recorded by the Bank of England since it began to collect data in this format in 1993.
The Independent

Redstone Sells State in Video-Game Maker to Investor
Sumner Redstone, the owner of CBS and Viacom, sold his 87 percent stake in video-game maker Midway Games for $100,000 to help restructure debts that threaten his family business.
The Washington Post

Building Slowdown Turns Grand Visions Into Vapor
Bustling streets around the Washington Nationals' ballpark. Thousands of new homes along the Potomac River in Virginia. A new community on what was once a rolling Gaithersburg dairy farm.
Telegraph

U.S. in recession as Europe backs hikes
WASHINGTON (Reuters) - The U.S. economy has been in a recession for a year, the nation's business cycle arbiter declared on Monday, while European leaders vowed to step up public spending to try to cu...
Big News Network

London Scottish Bank collapses
David Jetuah, Accountancy Age, Monday 1 December 2008 at 17:02:00Maggie Mills, Tom Jack, Simon Allport and Tom Burton handling affairs at thecollapsed bankPartners from Ernst & Young have been called in to take over at LondonScottish Bank after it went into administration.Tom Burton, Maggie Mills, Tom Jack, Simon Allport and are now managing theaffairs, business and property troubled bank, which specialises in customerswith poor credit histories.However, the directors and existing management structure will remain in placeand the directors and their existing management team will be responsible for theday-to-day operations.Tom Burt said in a statement :'The company has not ceased to trade. The administration is necessary becauseof the company's financial position and to ensure that it can continue tooperate, and to ensure the best interests of customers and creditors areserved.'The purpose of the Administration Order is to seek to ensure the best longterm so
Telegraph

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