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Germany's Arcandor taps Telekom CFO as new CEO (AP)
AP - Retailer Arcandor AG said Wednesday its board has proposed Karl-Gerhard Eick, the outgoing chief financial officer for Deutsche Telekom, to become the new CEO with the aim of replacing Thomas Middelhoff next year.
Publ.Date: Wed, 03 Dec 2008 12:44:42 GMT
Source: Yahoo.com

Mandelson denies sparking euro suggestions (AFP)
AFP - Minister and former European Union trade chief Peter Mandelson denied on Wednesday that he was behind suggestions that the government is considering taking Britain into the euro.
Publ.Date: Wed, 03 Dec 2008 12:21:33 GMT
Source: Yahoo.com

Dollar mostly up, gold falls in morning trading (AP)
AP - The U.S. dollar was mostly higher against other major currencies in European trading Wednesday morning. Gold fell.
Publ.Date: Wed, 03 Dec 2008 11:38:07 GMT
Source: Yahoo.com

Anglo-Irish Bank profits fall, shares drop (AP)
AP - Anglo-Irish Bank Corp. said Wednesday its full-year profits fell 34 percent because of bad loans and investments, largely in the property market, and preparations for heavier losses to come.
Publ.Date: Wed, 03 Dec 2008 19:04:38 GMT
Source: Yahoo.com

US dollar stable against euro, yen amid grim data (AFP)
AFP - The US dollar was largely stable against the euro and yen Wednesday as more bearish news on the faltering US and European economies surfaced.
Publ.Date: Wed, 03 Dec 2008 22:55:10 GMT
Source: Yahoo.com

Britain's services sector slumps at record pace (AP)
AP - Britain's services sector contracted at its fastest rate in at least 12 years, a closely-watched survey showed Wednesday, ratcheting up expectations that the Bank of England will cut interest rates by a full percentage point on Thursday.
Publ.Date: Wed, 03 Dec 2008 10:21:13 GMT
Source: Yahoo.com