http://www.financialexpress.com/index.php Sun, 29 Nov 2009 02 : 30 : 16 +05:30 financialexpress.com http://static.expressindia.com/frontend/fe/images/financial-logo.gif http://www.financialexpress.com/index.php Feed provided by financialexpress.com http://www.financialexpress.com./news/no-thanksgiving-rest-for-us-retailers-race/546641/ US shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008. http://www.financialexpress.com./news/european-banks-still-reluctant-to-lend-credit-offtake-declines-again/546640/ Loans to households and companies in Europe posted their second straight annual decline in October as the economic slump curtailed demand for credit and made banks more reluctant to lend. http://www.financialexpress.com./news/does-hershey-have-a-kiss-for-cadbury/546639/ Hershey, Pennsylvania, Nov 26: To LeRoy Zimmerman, the taste of chocolate will always mean Hershey’s. But now the head of the charitable trust that controls the Hershey Company must contemplate a risk-everything deal that would tie its fate to the much larger British chocolatier Cadbury Plc. http://www.financialexpress.com./news/aig-board-okays-7million-compensation-for-ceo/546168/ American International Group Inc, the insurer that received billions of dollars in a US bailout, has been authorised by its board to pay chief executive Robert Benmosche’s $7 million compensation... http://www.financialexpress.com./news/france-telecom-pays-2.25-bn-for-merger/546167/ France Telecom SA, Europe’s third-largest phone company, agreed to merge its Swiss unit with that of Denmark’s TDC A/S, paying 1.5 billion euros for control of the combined entity. http://www.financialexpress.com./news/japan-exports-fall-least-in-a-year-in-oct/546166/ Japan’s exports fell at the slowest pace in a year in October as worldwide government spending boosted demand, sustaining the economic recovery. http://www.financialexpress.com./news/uk-economy-contraction-slows-as-consumer-spending-picks-up/546165/ The UK economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end. http://www.financialexpress.com./news/stresstested-us-banks-told-to-submit-tarp-plans/545749/ The Federal Reserve asked nine of the US banks that were part of this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said. http://www.financialexpress.com./news/hp-triples-buyback-plan-to-12-bn-as-q4-profit-rises-14/545747/ Hewlett-Packard Co tripled the size of its share repurchase programme to $12 billion as China sales and better profit margins on its services boosted quarterly earnings. http://www.financialexpress.com./news/top-five-chinese-banks-submit-plans-to-bolster-capital-ratios/545746/ China’s five largest banks submitted plans to regulators for raising money after unprecedented lending eroded their capital, according to four people with knowledge of the matter. http://www.financialexpress.com./news/eyeing-reelection-brown-calls-for-global-strategy-to-tackle-trade-imbalances/545299/ Prime Minister Gordon Brown, aware his chances of re-election may hinge on Britain’s economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances. http://www.financialexpress.com./news/ciena-wins-auction-for-nortel-arms-with-769m-bid/545297/ Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources said, after it trumped Nokia Siemens Networks in a three-day auction. http://www.financialexpress.com./news/kraft-weighs-higher-cadbury-bid-if-rival-takeover-offers-emerge/545296/ Kraft Foods Inc may raise its offer for British chocolatier Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday. http://www.financialexpress.com./news/us-consumer-spending-up-0.5-shows-review/544891/ Consumer spending probably rebounded in October, showing that mounting unemployment is restraining, not derailing, the biggest part of the US economy, analysts said before reports this week. http://www.financialexpress.com./news/bofa-may-name-stopgap-ceo-if-board-needs-more-time-for-search/544888/ Bank of America Corp’s board may extend its search for a new, permanent chief executive officer into 2010 if directors can’t settle on a candidate in the next four days, according to people familiar with the matter. http://www.financialexpress.com./news/nestle-weighs-cadbury-bid-options-plans-to-challenge-kraft-food-offer/544887/ Nestle SA is weighing options including a possible bid for Cadbury Plc that would challenge Kraft Foods Inc’s offer and a potential move by Hershey Co, according to two people with knowledge of the matter. http://www.financialexpress.com./news/fed-plays-down-impact-of-weak-dollar/543864/ Federal Reserve officials on Thursday downplayed the consequences of the falling US dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling. http://www.financialexpress.com./news/us-senate-unveils-healthcare-reform-bill/543863/ US Senate Democratic leader Harry Reid released a long-awaited healthcare reform plan on Wednesday that budget analysts said would extend coverage to tens of millions of the uninsured and reduce the deficit over 10 years. http://www.financialexpress.com./news/jpmorgan-buys-rest-of-cazenove-for-1-bn/543861/ JPMorgan Chase and Co, the second- largest US bank, agreed to buy the half of Cazenove it didn’t already own for £1 billion, sealing the takeover of a 190-year-old British brokerage whose clients include the Queen of England. http://www.financialexpress.com./news/oecd-doubles-growth-forecast-for-2010-asia-to-power-recovery/543860/ The Organisation for Economic Cooperation and Development doubled its growth forecast for the leading developed economies next year and predicted a further acceleration in 2011 as China and other emerging countries power a global recovery. http://www.financialexpress.com./news/china-tells-ms-to-halt-sales-of-select-windows-versions/543315/ Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements. http://www.financialexpress.com./news/gm-narrows-search-for-new-finance-chief-to-two-outsiders/543314/ General Motors Co narrowed the field to replace chief financial officer Ray Young to two executives from outside the auto industry and may make a choice by year’s end, two people close to the matter said. http://www.financialexpress.com./news/hershey-ferrero-in-talks-for-white-knight-bid-for-cadbury/543313/ Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc. http://www.financialexpress.com./news/japan-deflation-concern-rises-even-as-growth-quickens/542899/ The acceleration of Japan’s economy to the fastest growth pace in more than two years masked a slide in prices of goods and services that threatens to temper the nation’s recovery. http://www.financialexpress.com./news/gmac-chief-quits-former-citigroup-executive-steps-in/542898/ GMAC chief executive Al de Molina has resigned, and will be replaced by Michael Carpenter, the troubled lender said on Monday.