WORLD BUSINESS NEWS - Mandelson unveils car industry package - Channel 4 News WORLD BUSINESS NEWS - Mandelson unveils car industry package - Channel 4 News

Tuesday, January 27, 2009

WORLD BUSINESS NEWS - Mandelson unveils car industry package - Channel 4 News

Britain's struggling car industry has joined banks in getting Government help but Business Secretary Lord Mandelson has denied the package is a "bail-out". Lord Mandelson has unveiled the details of the plan in the House of Lords. He said measures to in Dow Jones News >

HALIFAX, Nova Scotia, Jan 27 (Reuters) - Commercial banks' funding has improved in part because of the Bank of Canada's efforts, Governor Mark Carney said on Tuesday. He added that stabilizing the global financial system remains a top priority in Dow Jones News >

COLUMBUS, Ohio (AP) — Oil prices gave up some of last week's profits Tuesday as a closely watched index showed November home prices dropped by the sharpest annual rate on record, and consumer confidence in January edged to a historic low. Light in Dow Jones News >

Another sign of the times: A company declining to go ahead with a planned merger due to alleged uncertainties with funding and the “economics of the combined enterprise.” Rohm & Haas has sued Dow Chemical in an attempt to force Dow to close its in Dow Jones News >

At just over $13, Dow Chemical (NYSE: DOW ) is already trading near its 52-week low. The shares may go lower. Rohm & Haas (NYSE: ROH ), which is being bought by Dow, is suing to get the deal finished. According to Dow Jones, " Dow confirmed that it in Dow Jones News >

NEW YORK (Dow Jones)--The recovery in the euro and pound versus the dollar sustained into Tuesday with better than expected euro zone data. Both European currencies fell sharply last week when mounting economic and banking sector concerns fueled a in Dow Jones News >

LONDON (AP) - European markets recovered some early losses Tuesday on expectations Wall Street would open higher, with a rally in financial stocks offset by a slump in mining stocks. European markets had drifted lower early Tuesday, with even a rise in Dow Jones News >

WASHINGTON (Dow Jones)--A law mandating country-of-origin labels be put on beef, pork and other meats sold in grocery stores is now being reviewed by Obama administration officials - the same as many other federal rules approve in the waning days of in Dow Jones News >

CHICAGO, Jan 27 (Reuters) - Hershey Co posted higher-than-expected quarterly profit as it lifted sales of its namesake candy and Reese's brands by spending more on marketing, sending its shares up 4.5 percent. The company also stood by its 2009 sales in Dow Jones News >

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