Bridesville.net Web News Archive

Bush and mortgage industry work out plan to help subprime loan-holders (International Herald Tribune) - The Bush administration and the mortgage industry have agreed on a plan to freeze interest rates for as much as five years for a portion of the two million U.S. homeowners with subprime loans.

A new hot-spot for the tourism industry (BBC News) - After 27 years of total stagnation, Colombia's tourism industry is starting to flourish again.

Weakness in US economy expected to take a bite out of technology industry (International Herald Tribune) - Weakness in the U.S. economy figures to take a bite out of the technology industry's growth rate in 2008, when analysts expect tech spending to slow around the world.

Australia's Construction Industry Growth Slows on Rate Increase (Bloomberg.com) - Dec. 7 (Bloomberg) -- An expansion in Australia's construction industry slowed in November after the central bank raised interest rates to an 11-year high.

US Aerospace Industry Sales Near $200B (AP via Yahoo! Finance) - Sales of military and commercial aircraft by U.S. manufacturers are forecast to grow at a slower rate next year, an industry group said Thursday.

Dollar climbs versus yen in Asia on hopes for US plan to calm mortgage industry (The Jakarta Post) - TOKYO (AP): The dollar rose against the yen Thursday in Asia on hopes that U.S. President George W. Bush's plan to calm the mortgage industry will reduce financial market turmoil and support the U.S. economy.

Millions for Tasmania from racing industry (ABC via Yahoo!7 News) - A report has been released showing the racing industry generates more the $70 million for the Tasmanian economy.

AiG: Australia November Construction Industry Index Down 4.2 Points (Nasdaq) - (RTTNews) - The rate of expansion in Australia's construction industry slowed in November, according to the Australian Industry Group.

Sydney horse sale 'rejuvenates industry' (ABC via Yahoo!7 News) - Sydney is hosting its first thoroughbred sale since equine flu took hold, in a further sign the New South Wales horse industry is bouncing back from the outbreak.

Memory module maker Apacer cancels OTC listing plans amid industry downturn (Digi Times) - Memory module maker Apacer Technology has called its plans to list on Taiwan's over-the-counter (OTC) stock market, saying it does not want to go forward amid the industry downturn.