Financial news on November 22nd, 2008

Business and Financial news
A Friendship’s Paying Off for British Banking Giant

Barclays executive Roger Jenkins forged relationships with several Middle Eastern investors who put $8.6 billion into Barclays. Read more..

By LANDON THOMAS JR - The New York Times

Automaker to Return 2 Leased Jets

The move comes just as auto executives stirred controversy by traveling to Washington in private jets to lobby for a bailout. Read more..

By LESLIE WAYNE - The New York Times

Dana, an Auto Parts Maker, Agrees to Changes in Loan

The company said it had renegotiated terms of a $1.3 billion loan to stay in compliance with the conditions. Read more..

By BLOOMBERG NEWS - The New York Times

Europeana Goes Online and Is Then Overwhelmed

A new digital library of Europe’s cultural heritage crashed hours after it went online and will be out of operation for several weeks. Read more..

By STEPHEN CASTLE - The New York Times

Hints of Relief From the Siege

Reports that Timothy F. Geithner would lead the Treasury Department were seen as a sign of continuity to a new administration. Read more..


Hoping Not to Repeat the Mistakes of the Past

Specialists said the last big effort to help Detroit, the Partnership for a New Generation of Vehicles, was not something to repeat. Read more..

By MATTHEW L. WALD - The New York Times

Hoping to Sell the Emotion of Love (and Rings)

Neal Goldberg, the chief executive of the Zale Corporation, spoke the company’s plans for the holiday season and beyond. Read more..

By KEN JAWOROWSKI - The New York Times

Prices in Canada Decline, Raising Fears of Deflation

Prices in Canada fell by 1 percent on an unadjusted basis between September and October, the largest such decline in 49 years, Statistics Canada reported on Friday. Read more..

By IAN AUSTEN - The New York Times

The Gift Card Comes Wrapped in Growing Risk

You are an unsecured creditor if you are in possession of a gift card. And you may be right to feel pretty insecure. Read more..

By ALINA TUGEND - The New York Times

Weinstein Co. Trims Staff

The film and television production company started three years ago by the brothers Harvey and Bob Weinstein has had a hit-and-miss record. Read more..

By MICHAEL CIEPLY - The New York Times

See what else happened on November 22nd, 2008