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USA UK and Malta News
15/01/2009 - 19:52

UK & USA Today Editoweb 15 january 2009

Train Company Axes 480 Workers - Equitable Life deal 'a stitch-up' - Father gets life for baby murder.



UK & USA Today Editoweb 15 january 2009
Train Company Axes 480 Workers

South West Trains is cutting 480 jobs, including managers and admin staff.

Equitable Life deal 'a stitch-up'

A Government deal to compensate Equitable Life policyholders for their losses was derided as a "stitch-up" by campaigners.

Father gets life for baby murder

A father has been jailed for life for the murder of his baby son who he squeezed and dropped from a height in a "moment of anger" because he would not settle.

Hutton slams Nato members' inaction

Defence Secretary John Hutton delivered a scathing attack on Britain's European allies for failing to "step up to the plate" and deploy combat troops in Afghanistan.

December wholesale prices fall 1.9 percent

Another huge plunge in energy costs sent wholesale inflation down for a fifth straight month in December, closing out a year in which prices dropped by the largest amount in seven years.

New jobless claims increase more than expected

New claims for jobless benefits increased more than expected last week, a trend many economists say is likely to continue for much of this year.

825 billion dlr plan to stimulate US economy: lawmakers

Lawmakers from president-elect Barack Obama's Democratic party proposed a 825 billion dollar package Thursday aimed at jolting the US economy out of its deep recession.

London stocks down again

The London stock market was down again in late trade on Thursday as economic troubles pressured banks again and prompted the European Central Bank (ECB) to slash interest rates to 2 percent

Wall Street falls on Citi and Bank of America anxiety

Stocks fell on Thursday as a plea for government cash by Bank of America and fears about Citigroup's fate as it restructures heightened concerns of greater impact from the credit crisis.

U.S. SEC nominee promises "laser" focus on fraud

President-elect Barack Obama's pick to head the U.S. Securities and Exchange Commission told lawmakers she would reinvigorate an agency beset by regulatory missteps and blamed for missing one of the biggest investment frauds in history.

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