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- STILL ROCKED BY THE CRISIS; The crisis at Northern Rock plunged the country into turmoil. A rumour that the Bank of England was preparing a rescue package for the Newcastle-based lender sparked the first run on a bank in more than a century. DAVID OLD loo
- Byline: DAVID OLD FEARING they would lose their life savings, hundreds of customers queued to withdraw their cash from Northern Rock. A leak revealing the bank was about to be bailed out by the Treasury had sparked panic. More than pounds 1bn was withdrawn from accounts as...
- Research articles 2008-09-12
- Wanted journey
- TYNESIDE MEP Fiona Hall has spoken out following the collapse of the European Parliament's ceiling in Strasbourg. Some of he building's roof caved into the chamber while the parliament was in summer recess. Fiona said: "The plenary session starting next Monday will now take place in Brussels instead,...
- Research articles 2008-08-28
- Fire caused collapse of World Trade Center 7: probe
- NEW YORK AFP — A raging, long-burning fire caused the collapse of World Trade Center building number 7, which tumbled hours after hijacked jets hit the twin towers on September 11, 2001, investigators said Thursday. The National Institute of Standards and Technology NIST found that the 47-story building, which...
- Research articles 2008-08-21
- Parmalat accepts 270 mln euros from Unicredit: bank
- MILAN, Italy AFP — Italian food group Parmalat has accepted a 271.7-million-euro payment from Unicredit in exchange for withdrawing the company's legal actions against the bank stemming from Parmalat's 2003 collapse, Unicredit said Friday. The deal, worth 423 million dollars, "brings to an end uncertainties and costs of a...
- Research articles 2008-08-01
- World Tonight: King grilled
- BANK of England Governor Mervyn King faced a fresh grilling from MPs today in the aftermath of the Northern Rock affair. The Commons Treasury Committee launched a new inquiry after Chancellor Alistair Darling announced measures to increase Government protection offered to depositors in the event of a bank collapse from...
- Research articles 2008-07-22
- No yen for risk
- The Japanese yen is wilting again, primarily due to U.S. dollar strength, says Jason Yu, chief currency strategist for ODL Securities. He says former Fed chief Alan Greenspan's recent comments that the credit crunch is easing, even while the housing market continues its decline, and the stabilization of the S&P...
- Research articles 2008-06-01
- Study finds Indonesia 'mud volcano' collapsing
- JAKARTA AFP — An Indonesian "mud volcano" that has oozed sludge for two years is collapsing under its own weight, worsening an environmental disaster that has displaced thousands, a study said Wednesday. Sudden collapses of up to three metres (9.8 feet) have been recorded at the centre of the...
- Research articles 2008-05-27
- Rogue Securities Trader to Present at Burton Group Catalyst Conference
- Burton Group , a research firm focused on in-depth analysis of enterprise technologies, today announced that Nick Leeson , the securities bank trader responsible for the collapse of Barings Bank in 1995 will address compliance and risk management issues at Catalyst Conference North America to be held...
- Research articles 2008-05-08
- 9/11 theorist not curtailing his research
- Sixteen months ago, Brigham Young University and Steven Jones parted ways, but he said this week he isn't bitter about the academic divorce. He certainly hasn't curtailed his volatile research on the collapse of the three World Trade Center towers after the terrorist attacks of Sept. 11, 2001....
- Research articles 2008-05-03
- Parmalat reaches deal on US class action suit
- MILAN AFP — Failed Italian food giant Parmalat said on Friday it had reached a deal with investors who had filed a 'class action' suit against it in a US court. Parmalat said the settlement of the claim "was in the best interest of shareholders," with press reports saying...
- Research articles 2008-05-02
- Mine owner may testify in Senate
- WASHINGTON -- Murray Energy Corp. head Bob Murray's name appears on the witness list for a Senate subcommittee hearing Thursday, but now it is a waiting game to see whether lawmakers actually will get to question the outspoken mine operator about the accident at the Crandall Canyon Mine in Emery...
- Research articles 2008-04-08
- Russian doomsday sect leader attempts suicide: report
- NIKOLSKOYE, Russia AFP — The leader of a Russian doomsday sect that barricaded itself in a cave to wait for the Apocalypse has attempted to commit suicide, Russian media reported on Thursday, citing an official. The incident came as expectations grew that the last 11 members of the Orthodox...
- Research articles 2008-04-02
- No clear answers.(FINANCIAL VIEWS)(Company overview)
- Commentary Going into 2008, there were some questions whether the U.S. economy was in danger of slipping into a recession. Until recently, some observers argued things were not as bad as they seemed, but many believed we were in the early stage of what...
- Research articles 2008-03-22
- Mother of all bubbles prepares to burst ANALYSIS
- WHAT has the food crisis got to do with Northern Rock? Quite a lot, actually. The rocketing price of wheat, soya beans, sugar, coffee etc is all part of the credit crisis which has caused panic in financial markets and encouraged investors to take their money out of risky mortgage...
- Research articles 2008-03-09
- Poaching in Kenya may increase because of crisis: NGO
- NAIROBI AFP — The crisis in Kenya's tourism industry caused by the post-election violence there and the subsequent collapse in tourism could mean more people turn to poaching, conservationists warned Thursday. Environmental NGO WildlifeDirect.org warned that the world-renowned Maasai Mara Game Reserve "is under severe threat from widespread poaching...
- Research articles 2008-01-24
- US housing construction takes 27-year plunge
- WASHINGTON AFP — The US homebuilding sector in 2007 collapsed in the sharpest decline in 27 years amid a persistent real-estate slump and tightened credit that has stoked fears of recession, government data showed Thursday. Capping a grim year in the housing sector, housing starts fell by 14.2 percent...
- Research articles 2008-01-17
- US housing construction takes 27-year plunge
- WASHINGTON AFP — The US homebuilding sector in 2007 collapsed in the sharpest decline in 27 years amid a persistent real-estate slump and tightened credit that has stoked fears of recession, government data showed Thursday. Capping a grim year in the housing sector, housing starts fell by 14.2 percent...
- Research articles 2008-01-17
- 16 killed when new building collapses in Morocco: government
- RABAT AFP — Sixteen people were killed and 30 injured when an apartment block being built in Morocco collapsed, Communications Minister Khalid Naciri said Thursday, raising the casualty toll. "The government presents its condolences to the families of the 16 victims of the collapse of a building in Kenitra,"...
- Research articles 2008-01-17
- Head of Australia's biggest corporate collapse freed from jail
- SYDNEY AFP — The man who headed insurance giant HIH as it collapsed in Australia's biggest corporate failure, apologised Monday to victims of the crash as he walked free from a Sydney jail. Ray Williams, 71, served two years and nine months behind bars after pleading guilty to misleading...
- Research articles 2008-01-13
- Death toll from Egypt tower block collapse rises to 30
- CAIRO AFP — The death toll from the collapse of an apartment block in Egypt rose to 30 on Friday, as rescuers pulled six more bodies from the rubble, a security official told AFP. The six bodies were found overnight and during the day, the official said, adding that...
- Research articles 2007-12-28
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