Reuters – Companies receiving public money under a U.S. government financial rescue program must use it for lending or they will be violating the law, the powerful chairman of the U.S. House of Representatives Financial Services Committee said on Friday.
AP – Share prices on the London Stock Exchange closed higher on Friday.
From Silicon Alley Insider:If Google and Yahoo go forward with their search partnership,
they’ll have to sign a consent decree. Which will mean, in part, that
Google might have government inspectors crawling all over its books and
business practices. A
AFP – Sharp falls in consumer spending in the United States and Germany deepened fears Friday of a global recession as Japan joined a growing list of major central banks in cutting key interest rates.
Reuters – While the market for initial public offerings has shut down in all industries, with no deals in the United States in nearly three months, biotechnology companies desperate for capital will likely be waiting in line far longer than others when it does re-open.
