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Google Adds Searching by Voice to iPhone Software
 
Users of the voice technology can ask any question, ranging from ?Where?s the nearest Starbucks?? to ?How tall is Mount Everest??
New recession fears ahead of G20
 
New figures are set to show the eurozone is in recession, as world leaders gather in the US for a crucial economic summit.
Agency 'will not manage banks'
 
The company set up to manage government stakes in three High Street banks will not interfere in their day-to-day running.
Asian shares gain, but wariness ahead of G20
 
Reuters - Asian shares rose on Friday as this week's sharp losses were seen as excessive, but a rally in oil fizzled and the yen edged up as signals flashed 'danger' for the global economy before the G20 meeting this weekend.
Citigroup to cut at least 10,000 jobs: report
 
Reuters - Citigroup Inc is cutting at least 10,000 jobs in its investment bank and other divisions throughout the world, the Wall Street Journal said, citing people familiar with the matter.
Dexia sells U.S. unit FSA after heavy loss
 
Reuters - Belgian-French financial services group Dexia agreed on the sale of its troubled U.S. bond insurance subsidiary and launched a cost-saving drive after reporting a heavy third-quarter loss.
Royal Bank of Scotland to Cut 3,000 Jobs
 
Royal Bank of Scotland will cut around 3,000 jobs worldwide over the next several weeks.
National Briefing | Charities: No Change? Swipe Your Card at a Kettle
 
The Salvation Army is experimenting with a plastic alternative for people who do not have cash to throw in a holiday red kettle.
Eurozone officially in recession
 
The eurozone officially slips into recession after new figures show that the economy contracted 0.2% in the third quarter.
G20 will seek ways out of crisis
 
Leaders of the G20 developed and emerging economies will begin talks over the weekend in Washington.
Virgin Atlantic plans Gatwick bid
 
Virgin Atlantic and Easyjet are planning a joint bid for Gatwick airport, which has been put up for sale by its owner BAA.
Junk e-mails plummet 70% as gangs leave the internet
 
The closure of one suspect web host has reduced the levels of global junk mail by 70%, an anti-spam firm says.
Struggling pound continues slide
 
The pound's dismal run continues as fears about the health of the UK economy persist.
German economy in recession
 
Europe's largest economy enters recession as falls in exports and slowing demand for goods take their toll.
Global stocks rally after Wall Street
 
Reuters - Shares in Asia and Europe followed Wall Street higher on Friday as steep falls earlier this week attracted bargain hunters, while intensifying concerns about the UK economy knocked sterling to fresh 13-year lows.
Euro Zone Officially Is in Recession
 
The economy of the euro zone slipped into recession during the third quarter, the European Unions?s statistics agency confirmed.
EADS back in profit despite gloom
 
European aerospace group EADS says it returned to profit in the third quarter thanks to cost-cutting measures and fewer delays in aircraft programs.
Summit hopes revive stock markets
 
European and Asian shares spring to life on hopes that a global economic summit in Washington will make some progress in tackling the worst financial crisis in a century.
Europe car sales in steep decline
 
New car sales in Europe fall 14.5% in October for the sixth month in a row, say Europe's carmakers.
'Surprise' leap in card spending
 
Figures show a surprise increase in spending on plastic cards in the UK in September, despite a smaller rise in borrowing.
Insurers pull cover from suppliers to GM, Ford: report
 
Reuters - Three big European credit insurers have removed cover from suppliers of troubled U.S. carmakers General Motors Corp and Ford Motor Co, the Financial Times reported on Friday.
A Record Decline in October?s Retail Sales
 
Retail sales fell 2.8 percent last month, led by a huge drop in auto purchases, as the financial turmoil and the slumping economy caused consumers to sharply cut back.
Freddie Mac Lost $25.3 Billion in Quarter
 
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
Global Shares Follow Wall Street Higher
 
European and Asian markets spiked Friday as investors bought up heavily sold-off stocks ahead of key economic data later.
After a Plunge, U.S. Stocks Close Higher
 
U.S. markets swung wildly on Thursday, flirting with new lows before rebounding, with the Dow closing up 552 points.
Sun Restructures and Plans at Least 5,000 Layoffs
 
The announced cuts amount to 15 percent to 18 percent of the work force at Sun Microsystems, which is reeling from a severe decline in sales and a plummeting share price.
Google Is Taking Questions
 
Users of the voice technology can ask any question, ranging from ?Where?s the nearest Starbucks?? to ?How tall is Mount Everest??
US retail sales in record plunge
 
US retail sales fell sharply last month, recording the biggest monthly decline since 1992, as hard-up consumers avoided the shops.
US car firms rescue plan in doubt
 
More doubts have been raised about chances of a US car industry rescue plan being approved by Congress soon.
Air France strike causes chaos
 
Severe disruptions to Air France flights are expected after pilots begin a four-day strike against legal changes to the retirement age.
Lehman creditors gather in London
 
Administrators of the European arm of failed bank Lehman Brothers are meeting in London with creditors, who want to hear if they will get their money back.
Hong Kong slides into recession
 
Hong Kong's economy falls into recession for the first time in five years amid a global economic slowdown.
Stocks open lower on data, recession fears
 
Reuters - Stocks fell at the open on Friday on more gloomy news pointing to a deepening global economic downturn, a day after Wall Street had its biggest surge in two weeks.
Crisis Spreads to Tech Sector as Sun Plans to Cut Work Force
 
Sun Microsystems has started a restructuring that could see up to 6,000 employees lose their jobs as it joins a growing list of technology companies reeling from the crisis.
Wall Street Falls a Day After Rally
 
A day after closing more than 5 percent higher in an afternoon buying frenzy, shares were down almost 3 percent Friday at the major exchanges.
Freddie Mac Seeks U.S. Aid After Posting Loss
 
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
G20 urged to reject protectionism
 
Prime Minister Gordon Brown urges leaders of the G20 summit in Washington to resist calls for protectionism.
Bernanke says banks ready to act
 
US Federal Reserve chief Ben Bernanke says that the world's central banks are ready to take further action to ease credit market
Retail sales slump ends market's brief rebound
 
Reuters - Stocks dropped on Friday as data showing a record drop in retailers' sales last month deepened worries about an economic downturn and prompted investors to book profits from Thursday's large gains.
Treasury says mulling ways to cut foreclosures
 
Reuters - The Treasury Department is 'aggressively' looking at ways to reduce skyrocketing home foreclosures under a $700 billion financial rescue program that so far has aimed at shoring up banks, the official in charge of the program said on Friday.
Car maker Opel seeks help from German govt
 
AP - Car maker Adam Opel GmbH, a unit of General Motors Corp., said Friday it will seek loan guarantees from German authorities as the financial crisis grips the European auto industry.
Crisis Spreads to Tech Sector as Sun to Cut Work Force
 
Sun Microsystems has started a restructuring that could see up to 6,000 employees lose their jobs as it joins a growing list of technology companies reeling from the crisis.
Sun Micro to cut up to 6,000 jobs
 
Computer hardware maker Sun Microsystems is to cut up to 6,000 jobs in a bid to reduce costs.
US stocks fall on weak sales data
 
Leading US shares fall on Friday as renewed worries about the economic outlook lead to profit-taking.
HBOS sees risk of nationalisation
 
HBOS says that it could face nationalisation if its proposed takeover by Lloyds TSB is not approved by shareholders.
Lehman creditors face some losses
 
Some creditors of the European arm of failed bank Lehman Brothers will likely lose their money, the bank's administrators say.
Korean Air suffers profits fall
 
Seoul-based airline Korean Air posts a second quarterly loss, hit by the weakness in the South Korean currency and high fuel costs.
Retail sales slump pops short-lived rebound
 
Reuters - Stocks slid on Friday after a record slump in retailers' sales last month heightened concerns about a protracted economic downturn and an ailing consumer appetite.
Global leaders to vow action to ease recession
 
Reuters - World leaders vowed to work together to overhaul the financial system as they headed to Washington on Friday for a summit on wresting the global economy from recession and avoiding future meltdowns.
Wall Street Recovers Losses
 
Shares climbed back after being down almost 4 percent in the face of lower corporate earnings and a record decline in retail sales.
Central Bankers Ready to Take Collective Action
 
Ben S. Bernanke told a conference that ?policy makers will remain in close contact, monitor developments closely and stand ready to take additional steps should conditions warrant.?
Dow and S&P turn positive, led by energy
 
Reuters - The Dow and the S&P 500 turned positive on Friday, as gains in the energy sector overshadowed a record drop in retail sales last month.
Citigroup expected to cut 10 percent of jobs: source
 
Reuters - Citigroup Inc is expected to soon announce job cuts amounting to about 10 percent of the company's workforce, a person familiar with the matter said on Friday.
Paulson says additional bank capital needed
 
Reuters - U.S. Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest but acknowledged the United States' reputation has been tarnished as a result of the financial crisis that has spread worldwide.
Outlooks point to painful holiday for retailers
 
AP - Grim seemed an understatement for the retail sector on Friday, as J.C. Penney Co. and Abercrombie & Fitch Co. both posted quarterly profits that fell by about half, and gave outlooks for the rest of the year that were far below Wall street expectations.
Stocks Slide in Final Minutes After Seesaw Day
 
After creeping into positive territory in late trading, markets did a U-turn and slid back to close down 4 percent.
F.D.I.C. Offers Plan to Stem Foreclosures
 
Breaking with the Bush administration?s position, the Federal Deposit Insurance Corporation proposed to use $24 billion in government financing to help 1.5 million households avoid foreclosure.
Your Money: Your Insurer and Financial Worries
 
A sort of low-grade fear has set in among policyholders at insurance companies of all sorts.
Budweiser takeover gets clearance
 
Stella Artois brewer Inbev gets approval from regulators to take over Budweiser maker Anheuser Busch in a $52bn deal.l
US carmakers rescue plan in doubt
 
More doubts have been raised about chances of a US car industry rescue plan being approved by Congress soon.
Lehman staff set to get bonuses
 
The remaining UK staff at the failed investment bank Lehman Brothers are to receive their annual bonuses despite the firm being in administration.
Fidelity Investments to cut 1,700 more jobs
 
Reuters - Fidelity Investments, the world's biggest mutual fund company, told employees on Friday it will cut a further 1,700 jobs on top of 1,300 already announced.
White House says Democrats heading for "gridlock" on autos
 
Reuters - The White House on Friday said it stood ready to accelerate loans to the troubled auto industry, but that congressional Democrats were headed for 'partisan gridlock' by proposing to use funds from a $700 billion financial rescue package.
New alarm over economy as retail sales plummet
 
AP - The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession.
Crisis Hits Tech Sector With Layoffs as Sales Slump
 
Sun Microsystems has started a restructuring that could see up to 6,000 employees lose their jobs as it joins a growing list of technology companies reeling from the crisis.
Your Money: What Happens When Your Insurer Goes Under?
 
A sort of low-grade fear has set in among insurance policyholders. How can you protect yourself?
The Euro Zone Confirms Economy Is in Recession
 
The economy of the euro zone slipped into recession during the third quarter, the European Union?s statistics agency confirmed.
Central Bankers Ready to Act Together
 
Ben S. Bernanke told a conference that ?policy makers will remain in close contact, monitor developments closely and stand ready to take additional steps should conditions warrant.?
Vancouver?s Plan for 2010 Winter Games Hits Financial Snag
 
The freeze in credit markets and a collapse of the city?s real estate market have made the financing of the Winter Games a critical issue.
New This Christmas: Packaging That Opens Easily
 
Retailers are creating alternatives to the infuriating packages that make products almost impossible to open.
Talking Business: Amid Crisis, Signs of Common Sense in Congress
 
Congress has an endless capacity to disappoint, but then there is a week like this one, a week that?s almost enough to restore your faith.
Leaders set for G20 crisis talks
 
World leaders arrive in Washington to discuss measures to contain the recent financial turmoil as the G20 summit begins.
UK in for 'prolonged recession'
 
A severe downturn is unavoidable and the recession will be painful and prolonged, the British Chambers of Commerce warns.
Energy firms 'profit from poor'
 
Energy suppliers are being accused of making some of their biggest profits from their poorest customers.
Citigroup to cut 10 percent of jobs: source
 
Reuters - Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to profitability and faces mounting criticism of Chief Executive Vikram Pandit.
Reid says Bush proposal for automakers "unacceptable"
 
Reuters - Senate Democratic leader Harry Reid on Friday said Bush's proposal to drop a requirement for U.S. automakers to use an existing $25 billion in aid on energy efficiency is 'unacceptable'.
Employers Offer Workers Fewer Health Care Plans
 
Many workers are finding that the buffet of options in their medical plans has been trimmed to a very short menu.
Bush Backs Faster Access to Loan Guarantees for Auto Makers
 
The White House accused Democrats of gridlock by also insisting on tapping into the financial industry bailout fund to help the auto makers.
After Loss, Freddie Mac Seeks Aid
 
The mortgage finance giant, now under government conservatorship, recorded the loss as it wrote down a tax-related asset that had buoyed its capital and the housing slump worsened.
Winter Games Project Hits Snag in Vancouver
 
The freeze in credit markets and a collapse of the city?s real estate market have made the financing of the Winter Games a critical issue.
Cost of Living: Tight Times Even Tighter for Charities
 
The fallout from the financial crisis is striking nonprofit groups and charities fast and hard.
Saturday Interview: With Credit Tight, U.S. Gives Small Business a Hand
 
Santanu K. Baruah, acting administrator for the Small Business Administration, discusses the changes the agency is making to help small companies weather the economic downturn.
New Yorker Nominated to Monitor U.S. Bailout
 
Neil M. Barofsky, an assistant U.S. attorney in Manhattan, was named to be special inspector general for the Treasury?s Troubled Assets Relief Program.
Off the Charts: Be Glad You?re Not Warren Buffett
 
A survey of the losses suffered by 175 chief executives of U.S. companies shows that they lost $52.3 billion through Oct. 27.
Nokia Downgrades 4th-Quarter Outlook
 
The world?s largest cellphone maker cited pressure from the economic crisis and currency volatility.
New for Christmas: Packaging That Opens Easily
 
Retailers are creating alternatives to the infuriating plastic ?clamshell? packages that are hard to open.
Executive Pursuits: The Weekend Winemaker, Savoring Time at the Vineyard
 
A vintner of the year leads a novice, Harry Hurt III, in making a custom wine.
Talking Business: Facing Crisis, Congress Makes Sense
 
At a House hearing, Barney Frank used a witness to send a strong message to the securitization industry.
World leaders begin crisis talks
 
World leaders arrive in Washington to discuss measures to contain the recent financial turmoil as the G20 summit begins.
Lehman needs deal on assets with its European unit
 
Reuters - Bankrupt Lehman Brothers Holdings Inc has filed court papers seeking approval to communicate with its European operations for help unwinding billions of dollars in assets that 'sit unmanaged' and at risk of losing significant value.
Tech Industry, Long Insulated, Feels a Slump
 
In the span of just a few weeks, orders for technology products have collapsed and companies have begun laying off workers.
Automakers Offer Big Incentives to Spur Sales
 
Automakers are offering cash rebates and dealers steep discounts to try to make room on lots for new models.
Spam Turns Serious and Hormel Turns Out More
 
The canned meat product has become the emblematic food for hard times as consumers look for ways to stretch their grocery budgets.
Washington Memo: Meeting?s Key Decision May Be to Keep Talking
 
With the global economy slipping into its most serious downturn in decades, the Group of 20 is said to seem likely to agree on a few modest measures.
The Creditors of Lehman Can Do Little but Wait
 
Lehman?s administrators explained to about 1,000 creditors that dismantling the bank?s European business would take ?many years.?
Poor Economy Starting to Shape Sports Landscape
 
The economic crisis made its first obvious mark on American professional sports Friday when a major cycling event and Nascar announced substantial changes because of financial woes.
Latest Marvel: Packages That Open Without a Saw
 
Retailers are creating alternatives to infuriating plastic ?clamshell? packages and cruelly complex twist ties.
Business Briefing | Company News: Fidelity Layoffs to Total 3,000 Workers
 
Two rounds of job cuts represent 3,000 employees, or about 7 percent of the company?s 44,400-member work force.
Business Briefing | Earnings: Abercrombie & Fitch Profit Down 46%; Shares Tumble
 
Shares of Abercrombie & Fitch fell the most in eight years after the teen-apparel retailer cut its profit forecast as shoppers held off on buying upscale jeans.
Business Briefing | Company News: Boeing Pact With Engineers; Delays for Cargo P
 
Boeing reached a tentative agreement with the union representing its white-collar engineers, but was forced to delay the latest cargo version of its 747 jumbo.
Business Briefing | Earnings: J. C. Penney Reports Lower Profit and Revises Fore
 
The company said mall traffic has been weak so far this month and issued a fourth-quarter forecast that was well below analysts? expectations.
Business Briefing | Company News: Regulators Approve InBev Purchase of Anheuser-
 
Belgium?s InBev cleared the last hurdle to buying Anheuser-Busch, creating the world?s largest brewer.

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