Bundesbank warns on apartments
The Bundesbank has warned that apartment prices in Germany’s biggest cities could be overvalued by as much as 20 per cent, stepping up its concern about a real estate boom there.
Obama admits botched health launch
Barack Obama, who forged his political career by harnessing the power of the internet, was forced to admit that the launch of the online exchanges at the heart of his signature healthcare reforms had been botched. Excruciatingly long wait times, error messages and other problems have prevented millions of uninsured Americans from signing up for insurance on the new portals.
Commodities traders face competition
Glencore, Xstrata, Vitol and Trafigura face the prospect of increased competition and lower margins, as national companies from the Middle East, the former Soviet Union and south east Asia enter the commodity trading market over the next five years.
Regulators to stop spoof callers
The end may be in sight for those nuisance calls that are a surprise when they turn out to be from salespeople or market research groups. Telecoms regulators are to crack down on the growing scourge of “spoof” numbers.
US home sales fall as rates rise
After a strong recovery over the summer, US home resales fell sharply in September.
The Daily Telegraph
Britons can’t switch off on holiday
Most breaks now appear to be working holidays, considering the lengths people go to to take the office with them, according to a survey. As many as 86 per cent of Britons who are hotel-staying, seasoned travellers take a work mobile phone with them. Also, 90 per cent admit to working or checking or sending business emails in the evenings while away, the poll by Ipsos and Accor hotel’s Pullman brand showed.
THE WALL STREET JOURNAL
DuPont pressured to sell ag business
DuPont , the chemical conglomerate, is facing increasing pressure from analysts and investors to sell off or spin out the agricultural portion of its business, which has been generating most of its growth.
RadioShack loan From GE Capital
RadioShack is getting about $835m in financing from GE Capital, to free up cash for the chain.