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- The lowdown on the slowdown (rediff.com)
Like all slowdowns this one will precipitate the shut down of unviable businesses that were riding high on easy capital. It will also mean some consolidation, especially in the television and publishing businesses where several small to medium scale firms are ripe for takeover, says Vanita Kohli-Khandekar. www.rediff.com
- Lenders criticize government's $300 billion mortgage aid program at housing conference (Minneapolis-St. Paul Star Tribune)
ATLANTA - Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure. www.startribune.com
- Fitch Affirms Johnson Controls at 'A-'; Outlook Revised to Stable - MarketWatch
Fitch Affirms Johnson Controls at 'A-'; Outlook Revised to Stable MarketWatch - 19 hours ago 30, 2008, JCI had approximately $3.9 billion of outstanding debt . The revision of the Outlook to Stable reflects a more gradual improvement in JCI's credit ... www.marketwatch.com
- (AFX UK Focus) 2008-11-07 14:47 UPDATE 2-Fidelity National to buy LandAmerica for $126 mln (Interactive Investor)
By Anurag Kotoky www.iii.co.uk
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