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Citi takes brunt of banking rout
Source:Financial Times - US homepage 19 November 2008, 6:17 pm
Citigroup came under heavy selling pressure on Wednesday with its shares slumping to a 13-year low amid fears over its ability to withstand expected writedowns on mortgage-backed assets.
Grand Canyon breaks US IPO drought
Source:Financial Times - US homepage 19 November 2008, 5:32 pm
Grand Canyon, a Christian university based in Arizona, raised $126m, almost half the originally planned amount, in the first initial public offering in the US for more than three months.
Junk bond yields spike
Source:Financial Times - US homepage 19 November 2008, 5:20 pm
Average yields on US junk bonds have topped more than 20 per cent for the first time amid rising concerns about a protracted recession and a wave of corporate defaults
TPG deal in China at risk over dispute
Source:Financial Times - US homepage 19 November 2008, 5:01 pm
TPG risks losing a substantial investment in a Chinese leasing venture after a business dispute in which the company's local staff called in police to remove the private equity firm's representatives, people familiar with the matter say
GE offers assurance on credit
Source:Financial Times - US homepage 19 November 2008, 4:35 pm
General Electric is willing to extend more financing to customers of its industrial businesses next year to help assure key energy, transportation and water projects proceed even if credit markets remain frozen, the conglomerate's chief executive said
Chrysler hopes to revive GM merger talks
Source:Financial Times - US homepage 19 November 2008, 4:33 pm
Chrysler hopes to revive merger talks with General Motors once a government bail-out package for Detroit's carmakers is agreed allowing the two companies to address their immediate liquidity problems
Iran increases stockpile of uranium
Source:Financial Times - US homepage 19 November 2008, 4:00 pm
Country is forging ahead with its nuclear programme, the United Nations' nuclear watchdog reported
Deflation fears send Dow below 8,000
Source:Financial Times - US homepage 19 November 2008, 2:53 pm
The chilling prospect of a deflationary US economy and collapsed car industry sent Wall Street stocks to their lowest levels since the financial crisis began
Fed vows to fight against deflation
Source:Financial Times - US homepage 19 November 2008, 2:33 pm
The US Federal Reserve will take every step required to enure the country does not fall into deflation, its vice-chairman said as data showed consumer prices fell a record amount last month
Obama gives Daschle healthcare role
Source:Financial Times - US homepage 19 November 2008, 12:34 pm
Barack Obama has chosen Tom Daschle, one of his most high-profile allies, to be secretary for health and human services, according to Democratic officials close the US president-elect
Daewoo to cultivate Madagascar land for free
Source:Financial Times - US homepage 19 November 2008, 10:18 am
The South Korean company said it expected to pay nothing to farm maize and palm oil in an area of Madagascar half the size of Belgium, increasing concerns about the largest farmland investment of this kind
Democrats edge closer to Senate safety
Source:Financial Times - US homepage 19 November 2008, 9:48 am
The defeat of Ted Stevens, the longest-serving Republican senator, when Alaska's senate race was finally declared on Tuesday night chalked up one more seat for a Democratic majority grasping for the magical 60-seat threshold that would immunize it from opposition filibuster.