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Steepest fall in US house prices in 16 years fuels fears of recession |
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Written by Independent
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Wednesday, 26 September 2007 |
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Words almost failed observers on both sides of the Atlantic yesterday as they reacted to the worst American economic data to emerge for some considerable time. |
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BP to take axe to management |
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Written by Guardian
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Wednesday, 26 September 2007 |
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BP is poised to axe swathes of management in response to a 'dreadful' financial performance. The company confirmed this morning that chief executive Tony Hayward is planning a major reorganisation. According to insiders, he is determined to address operational deficiencies within the oil giant. |
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Dollar falls to another euro low |
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Written by BBC Online
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Wednesday, 26 September 2007 |
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The dollar has fallen to yet another all-time low against the euro, after further weak US economic data. Figures showed that US consumer confidence has fallen to a near two-year low, while house prices have seen the sharpest drop in 16 years. |
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Extra loans available for banks |
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Written by BBC Online
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Wednesday, 26 September 2007 |
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Banks and building societies will now be able to borrow additional funds from the Bank of England in a move aimed at reducing the "credit squeeze". |
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General Motors workers on strike |
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Written by BBC Online
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Monday, 24 September 2007 |
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United Auto Workers (UAW) union members at General Motors (GM) have walked out on strike after contract talks failed to reach an agreement. |
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Poor pay, no rights: UK's new workforce |
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Written by Guardian
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Monday, 24 September 2007 |
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Danny Wilde collected his last pay cheque from the Tulip pork factory in Norfolk on Friday before joining the dole queue. His wife, Melissa, was made redundant from her job at the same Thetford plant earlier this month. They both joined the meat processing lines from school and have put in 20 years at the company between them, taking turns on early and late shifts so that they could look after their two children. |
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