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New Star attracts potential bidders More than 10 potential bidders have expressed interest in New Star, the troubled fund management group that this month agreed a debt-for-equity swap with its banks TelegraphUS-permit decision could slow limestone- quarry plan The operators of proposed limestone quarries on the edge of Davidson Canyon must apply for a federal permit to build a haul road and conduct mining activities, the U.S. Army Corps of Engineers has decided. Arizona Daily StarYRC shares fall after credit talks with banks Shares in YRC Worldwide lose almost a fifth of their value after North America's biggest truck operator said it was in talks with a group of banks to ease terms of its credit facilities FT.comBudget Office Releases 2 Reports On Health Care Reform Today, CBO is releasing two volumes that focus on health care issues: Key Issues in Analyzing Major Health Insurance Proposals and Budget Options, Volume 1: Health Care. These two volumes build upon CBO's previous analytical work on health insurance and health care financing issues and are intended to assist the Congress as it contemplates possible changes– both large and small– to federal health programs and the nation’s health insurance and health care systems.read more emaxhealth.comExclusive: Guardian/ICM poll finds 86% preparing for spending cutbacks amid gloom about economic prospects Britain is preparing for a bleak new year of spending cutbacks, job insecurity and prolonged recession, according to a Guardian/ICM poll published today. It shows consumer confidence has dropped sharply in the last month as the reality of the economic downturn hits home.The poll, carried out just before Christmas, finds near universal gloom about Britain's economic prospects: 86% say they plan to make cutbacks and live more cheaply in 2009 - only 13% expect to spend as much as they did last year.People expect to target their spending cuts on luxuries such as holidays and restaurants. But while 45% say they will spend less on travel and 46% plan to spend less on eating out, only 20% plan to cut back on buying food to eat at home, and 55% will maintain spending on clothes.The findings come as hundreds of thousands of shoppers stormed high streets across the UK yesterday to take advantage of increasingly desperate retailers slashing prices heavily. Selfridges in London's Oxford Street rec TelegraphOil bounces back Oil prices rose back above $37 a barrel Friday after OPEC member United Arab Emirates detailed how it would cut production as part of the trade group's pledge to reduce output by 2.2 million barrels a day in January. CNNGMAC approved as bank holding company The Federal Reserve late Wednesday made GMAC Financial Services, the failing financial arm of General Motors Corp., eligible for emergency federal aid through its $700 billion bank rescue plan. Bizjournals.comWind Farms Could Bring Wyoming Ranchers Windfall Landowners in the Cowboy State are banding together to form 'wind associations.' These ad-hoc groups are providing leverage for farmers who are looking to use their land to profit from new wind farms. Wind energy could provide the ranchers with a more stable source of income. NPROil bounces back above $37 Oil prices rose back above $37 a barrel Friday after OPEC member United Arab Emirates detailed how it would cut production as part of the trade group's pledge to reduce output by 2.2 million barrels a day in January. TelegraphGloomy prediction for UK economy An independent group of economists forecasts the biggest contraction in the UK economy since 1946 next year. BBC1 2 |
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