Brooks & Dunn push the boundaries of "Cowboy Town"
By Deborah Evans Price NASHVILLE (Billboard) - Kicked back comfortably in a meeting room at the Sony BMG Nashville offices, Ronnie......
Apple to give $100 credit to iPhone buyers
SAN FRANCISCO - Apple Inc, faced with an outcry from iPhone customers who bought the device before a sharp price cut, will offer them a ......
Fast-food kids' meals heavy on calories: U.S. group
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Hamas rejects Abbas's new government
By Nidal al-Mughrabi GAZA - Hamas on Saturday rejected as unconstitutional the government appointed by Palestinian President Mahm......
"One More Time" for Britney Spears?
By Jill Serjeant LOS ANGELES - A year ago, Britney Spears was taking court-ordered drug and alcohol tests, had fired her managers......
By Deborah Evans Price NASHVILLE (Billboard) - Kicked back comfortably in a meeting room at the Sony BMG Nashville offices, Ronnie......
Apple to give $100 credit to iPhone buyers
SAN FRANCISCO - Apple Inc, faced with an outcry from iPhone customers who bought the device before a sharp price cut, will offer them a ......
Fast-food kids' meals heavy on calories: U.S. group
WASHINGTON - Kids ' meals at popular fast-food restaurants deliver more than a quick lunch or dinner -- 90 percent of them have far more......
Hamas rejects Abbas's new government
By Nidal al-Mughrabi GAZA - Hamas on Saturday rejected as unconstitutional the government appointed by Palestinian President Mahm......
"One More Time" for Britney Spears?
By Jill Serjeant LOS ANGELES - A year ago, Britney Spears was taking court-ordered drug and alcohol tests, had fired her managers......
Germany Guarantees Savings In Global Finance Crisis
BERLIN/LONDON - Germany said on Sunday it would guarantee more than 500 billion euros ($693 billion) in private deposit accounts to protect savers from the worst global financial crisis since the 1930s.
Fellow European Union country Ireland last week promised to guarantee all deposits in its banks, prompting some depositors in Britain to move savings to branches of Irish banks and drawing criticism of a fragmented EU response to the crisis.
EU Competition Commissioner Neelie Kroes said on Sunday there was a discriminatory element to unlimited guarantees on bank deposits and that she expected Ireland to modify its guarantee plans.
However, that does not appear to have deterred Germany, Europe's largest economy.
"We say to savers that their deposits are safe," Chancellor Angela Merkel said at a news conference in Berlin. "The federal government is also committed to that."
European banks have been hit hard by the fall-out from a crisis which began in the United States when the housing market collapsed and bad mortgage debts multiplied.
The escalating crisis has paralyzed wholesale money markets, caused huge volatility on stock markets and changed the banking landscape in a matter of weeks. It is also one of the factors pushing many industrialized countries toward recession.
Italian Economy Minister Giulio Tremonti said on Sunday that the crisis still had a long way to run.
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