Reuters – Belgian financial services group KBC and Franco-Belgian banking group Dexia have passed tests designed to assess their health in the event of a downturn, two Belgian newspapers said over the weekend.
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Dexia, KBC have passed bank stress tests: paper
(Reuters)
AP – The Obama administration has approved five state-designed plans to help homeowners as part of a $1.5 billion effort to assist areas slammed by the housing bust.
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Calif., Fla., other states to get more housing aid
(AP)
Reuters – The British film industry warned Monday that cuts to a government tax relief system designed to make producing movies in the country financially attractive, would be devastating for the sector.
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UK film industry warns against tax relief cuts
(Reuters)
Scientists are reporting that they have designed and created a genome and then used it to control a cell. Genome pioneer Craig Venter explains how the genome was made and how, one day, it might help scientists engineer bacteria for specific purposes, such as making fuel.
The 100-ton concrete-and-steel contraption designed to siphon off the oil fouling the Gulf of Mexico has arrived at the spot in the sea where a blown-out well is spewing hundreds of thousands of gallons a day. BP says it expected to be dropped in place this afternoon.
AP – Spain’s government announced a 90 percent cut in hiring of civil servants as part of an austerity plan designed to chip away at a ballooning budget deficit.
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Spain slashes hiring to cut deficit
(AP)
AP – Portugal’s minority government and the main opposition party agreed Thursday on an austerity plan designed to reduce the country’s huge debt burden and avoid following Greece into a deeper financial crisis.
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Portugal’s main parties reach key deal on debt
(AP)
AP – Greek customs officials walked off the job Tuesday for a three-day strike to protest government austerity measures designed to pull the country out of a debt crisis that has shaken the entire eurozone.
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Greek customs officials begin 3-day strike
(AP)
AP – Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.
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Iowa AG files charges over film tax credits
(AP)
AP – Cadence Design Systems Inc., a maker of chip manufacturing equipment, on Wednesday reported a profit for the fourth quarter as lower costs more than offset a drop in revenue.
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Cadence Design posts 4Q profit on lower costs
(AP)
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