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2009
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NOVEMBER 2009
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Today's Cheat Sheet
Meltdown
Xtra Insight
Global markets hit hard.
Barneys possibly up for sale.
Pfizer in talks to buy Wyeth for $60 billion.

Welcome to the Recession, Britain!

You may have held out longer than most, Britain, but we knew you'd join the global recession eventually. Welcome onboard! The British economy shrank 1.5 percent in the previous quarter, which, on the heels of the 0.6 percent shrinkage in the third quarter, means the United Kingdom is officially in recession. It was the fastest rate of shrinkage for the British economy in 30 years. Stocks, meanwhile, plunged worldwide. Europe's Dow Jones Stoxx 600 Index fell to its lowest level in five years.

Read it at The Guardian
Posted at 7:36 AM, Jan 23, 2009
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The Guardian, Meltdown, Recession, United Kingdom, Stocks, Britain, Global Recession, British Economy, Britain Recession, Dow Jones Stoxx 600 Index
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