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Survival fears weigh on US gift card sales
US shoppers are shying away from purchases of store gift cards this holiday season, partly because of concerns that the retailers in question may not survive to see the cards redeemed
FT.com

Eastman Kodak withdraws full-year 2008 forecast (AP)
Eastman Kodak Co. said Wednesday it has withdrawn its full-year 2008 operating profit and sales forecast because of a weak economy and stronger dollar, and says executives will not receive a salary increase next year.
yahoo.com

Regulator: mortgage rates could drop to 4 percent (AP)
AP - Government efforts to provide easier credit to consumers and jump-start flagging home sales could push mortgage rates 'well below 4 percent,' a federal regulator said Wednesday.
yahoo.com

OHSU CFO Brad King will resign in February
Brad King, vice president and chief financial officer for Oregon Health & Science University, will leave the post on Feb. 27 to return to the private health care consulting industry.
bizjournals

OZ Minerals Faces Asset Sales
Australian diversified miner OZ Minerals said negotiations to refinance part of its debt are unlikely to succeed, potentially triggering default on all its debt.
Wall Street Journal

XL Capital shares slump on report insurer is for sale
XL Capital Ltd. shares slump after a report the Bermuda-based insurance giant is trying to sell itself.
Market Watch

Brookfield Asset Management Inc.: Tricap Partners Updates Early-Warning Report Regarding Birch Mountain Resources
CALGARY, ALBERTA (MARKET WIRE) 1439442 Alberta Ltd. ('1439442'), a wholly-owned subsidiary of Tricap Partners Ltd. ('Tricap'), announced that it has acquired $29,280,000 aggregate principal amount of 6.0% convertible unsecured subordinated debentures (the 'Unsecured Debentures') of Birch Mountain Resources Ltd. (TSX: BMD) (the 'Corporation'). The Corporation has been under the direction of a court-appointed receiver since November 5, 2008. The Unsecured Debentures were acquired pursuant to a private agreement. 1439442 paid nominal cash consideration and other non-cash consideration to acquire the Unsecured Debentures.
Marketwire.com

UPDATE 1-CapitalSouth Bancorp says exploring possible sale
NEW YORK, Dec 10 (Reuters) - CapitalSouth Bancorp said on Wednesday it hired investment bank Sterne, Agee &Leach, Inc to explore a possible sale.
Reuters

Egg fined £720,000 for mis-selling PPI
City regulator FSA penalises online bank for 'unacceptable' practices in its sales of payment protection insurance for credit cards
Financial Times

R&G Financial Announces Completion of Sale of Freddie Mac and Ginnie Mae Servicing Portfolios to Banco Popular de Puerto Rico
/PRNewswire-FirstCall/ -- R&G Financial Corporation (the "Company") today announced that R&G Mortgage Corporation, the Company's wholly owned
Big News Network

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