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USA UK and Malta News
13/02/2009 - 19:49

UK & USA Today Editoweb 13 february 2009

British bank Lloyds warns of ten-billion-pound HBOS loss in 2008 - Soldier killed in shooting named - Dad, 13, reflects 'broken Britain'.

UK & USA Today Editoweb 13 february 2009
British bank Lloyds warns of ten-billion-pound HBOS loss in 2008

Britain's Lloyds Banking Group warned Friday that its HBOS division would suffer a 2008 pre-tax loss of about ten billion pounds (11.2 billion euros, 14.5 billion dollars) because of the credit crunch.

Soldier killed in shooting named

A "kind-hearted" 21-year-old British soldier died of a gunshot wound in Iraq, the Ministry of Defence said.

Dad, 13, reflects 'broken Britain'

A 13-year-old boy who fathered a child provoked a fierce political debate about whether Britain's schools need better sex education.

EDF Energy cuts electricity tariffs

EDF Energy is cutting tariffs by up to 12.5% for electricity customers.

Ronnie Biggs Is Taken To Hospital

Train robber Ronnie Biggs has been taken to hospital with pneumonia from his prison cell in Norwich, Sky News sources say.

US Congress poised to pass stimulus

The US Congress on Friday was expected to pass an unprecedented 789-billion-dollar package to rescue the economy, amid overseas worries about a clause aimed at steering the monies to US firms.

Two US banks impose moratorium on home foreclosures

Top US banks Citigroup and JPMorgan Chase announced Friday moratoriums on home mortgage foreclosures as the government prepared a comprehensive plan to ease the burden of homeowners amid recession.

Congress set to pass stimulus plan, send to Obama

 The U.S. Congress on Friday was expected to pass a $787 billion economic stimulus package aimed at unleashing large spending and tax cuts to help pull the economy out of a 14-month recession.

Wall St slides as Lloyds loss adds to bank fears

U.S. stocks fell in volatile trading on Friday as financial shares slid after Britain's Lloyds Banking Group posted a wider-than-expected loss, adding to persistent worries about the health of the banking sector.

Stocks decline as world finance ministers meet

Investors were holding back on making big bets on stocks until they learn more about government efforts to revive the economy and the struggling financial system.

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