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Reuters - The Treasury Department, signaling a new phase in its $700 billion financial rescue plan, is considering requiring that firms seeking future government money raise private capital in order to qualify for public assistance, the Wall Street Journal said, citing people familiar with the matter.
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0 Comments AP - China's retail sales remained robust in October, a positive sign for Chinese leaders who want to boost consumer spending to insulate the economy from a global slowdown.
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AP - Australia's biggest shopping mall operator, Westfield Group, said Wednesday it expects earnings to grow 5.5 percent this year despite weakening retail sales.
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AFP - The US government Tuesday sought to put a floor under soaring home loan defaults and falling property values with a sweeping program to ease payment terms for hundreds of thousands of struggling homeowners.
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