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Baugur to cut jobs and close office
The Iceland-based investment group is to shut its Reykjavik office and lay off staff in London
FT.com

Bad news batters dollar
THE Australian dollar closed at an eight-week low yesterday after a record fall in Japanese industrial production stirred worries about how the local economy would cope with a slowing world economy.
News

Indicted builder Chrisman wants explanation of charges
Cincinnati homebuilder John C. Chrisman has requested a detailed explanation of the charges filed against him by the Hamilton County prosecutor's office earlier this month.
Bizjournals.com

Pressures mount on new Thai PM
Abhisit Vejjajiva took office as Thailand's prime minister last month promising political reconciliation and economic revival, but his honeymoon has been short
FT.com

Broadway gets marketing boost
Business News: NY tourism office launches promotional campaign -- New York's marketing and tourism office on Friday launched a targeted communications campaign to boost Broadway ticket sales in the wake of the economic downturn.
Variety

Australian Dollar Likely to Fall on Economic Data, Risk Aversion
The Australian dollar faces a triple threat next week as a heavy load of negative economic data and renewed flight from risky assets combine with bearish...
Daily FX

Ponting rues Australian mistakes
Ricky Ponting admits Australia were outplayed by South Africa in the one-day international series.
BBC

AU Preview: RBA Expected to Continue Full Throttle With Sharp Rate Cuts
(CEP News)- The Reserve Bank of Australia is expected to slash its target rate again next week as the Australian economy enters the worst phase yet of its downturn. The RBA has already cut rates by 300 basis points since September 2008.
Economic News

Bonuses no luxury for some Wall Street workers
To President Barack Obama, Wall Street's $18.4 billion in bonuses is 'shameful.' To thousands of bank employees who don't sit in corner offices, that money helps pay the bills. Outrage over the bonuses reached as high as the White House this week following...
San Francisco Chronicle

OTS Review Finds Lax Regulation
Office of Thrift Supervision officials allowed five banks to improperly report capital infusions in a way that can make banks appear healthier.
CBC.ca

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