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- www.usatoday.com
Panasonic to buy Sanyo, more deals may follow (USA Today) Panasonic Corp said it would acquire smaller rival Sanyo Electric Co, creating Japan's top electronics maker and foreshadowing further consolidation in an industry hit by slowing consumer demand.
- www.banking-business-review.com
Old Mutual appoints new group finance director (Banking Business Review) Old Mutual, a savings and wealth management company based in the UK, has appointed Philip Broadley as the new group finance director. He will succeed Jonathan Nicholls, who is leaving the company in order to pursue interests outside the life insurance sector.
- www.bloomberg.com
Down and Out in Beverly Hills: Rolexes, Picassos Hit Pawnshops (Bloomberg) Nov. 7 (Bloomberg) -- The worse the economy gets, the better it is for Jordan Tabach-Bank. ``Business is booming,'' said Tabach-Bank, the chief executive officer of Beverly Loan Co. in Beverly Hills, California.
- www.reuters.com
(Adds details on FDIC plan; Paulson, Kashkari quotes) - Reuters WASHINGTON, Nov 14 (Reuters) - The Federal Deposit Insurance Corp on Friday unveiled a plan to prevent about 1.5 million foreclosures by promising to share any losses with mortgage companies that agree to refinance certain home loans. The plan would ...
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