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The Free E-Commerce Ride Is Over
Legend has it that the inventor of chess was so wise that when the king asked him to name his reward, he replied that he only wanted one grain of wheat for the first square, two grains for the second, four grains for the third, eight grains for the fourth and so on up to the sixty-four squares on the board.
E-Commerce Times

Fed pushes on with mortgage bond plan
The Federal Reserve pushed ahead with its plan to buy mortgage bonds issued by Fannie Mae and Freddie Mac, saying it would start buying early next month and purchase up to $500bn (£345bn) by the end of June
FT.com

Credit Suisse to get Aberdeen stake
Credit Suisse is poised to own 25 per cent of Aberdeen Asset Management after the Swiss bank agreed to sell the UK manager its traditional fund management business in a share-based deal worth about £200m
FT.com

Largest Chinese law firm plans Swiss link-up
King & Wood, China's largest law firm, is set to announce the first merger between a mainland Chinese and a foreign law firm, underlining the growing international ambitions of Chinese legal practices
FT.com

Covation to employ 913 in Hickory
An Atlanta company plans to establish a call center in Hickory that will employ 913 workers.
Bizjournals.com

Fed to ramp up purchases of mortgage securities in January (AFP)
The Federal Reserve said Tuesday it would begin buying mortgage-backed securities in early January under a previously announced plan to purchase up to 600 billion dollars of these assets.
yahoo.com

Companies Handing Out Unpaid Vacation
Struggling businesses are requiring employees to take unpaid 'furloughs' - temporary layoffs that amount to one-time pay cuts for workers. This year, the number of temporarily laid off workers hit a 17-year high.
CBS News

Banker foresees merger spree in 2009
‘These are very trying times for the oil sands business. We have had an astounding amount of capital projects shelved, deferred, scaled back. But the positive benefit is these are very long-term projects
The Globe and Mail

After New York Success, Niche Insurer Tries To Conquer New Worlds (Investor`s Business Daily)
Tower Group built its business by selling property and casualty insurance to individuals and small and midsize businesses in New York City and the...
yahoo.com

Gov. Beshear offers plan to help with Ky. pensions (AP)
Gov. Steve Beshear called for changes to the state pension system Tuesday, which he said are aimed at easing the financial burden on local governments across Kentucky facing mounting economic pressures.
yahoo.com

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November 2009
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September 2009
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