World News: AOL, ET

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Bush to Unveil Mortgage Relief Plan
President Bush is expected to outline a plan to freeze mortgage rates for five years for many homeowners facing sharp increases in their monthly payments, sources say. Officials fear that if nothing is done, half-a-million borrowers risk losing their homes.

Jobless Claims Make Big Drop
Coca-Cola CEO Isdell Steps Down in July
Retailers Post Sluggish November Sales
Toll Brothers Drops to 4th-Quarter Loss
5-Year Mortgage Rate Freeze Looms
Bank of England Cuts Interest Rates
ECB Holds Steady After BoE Cuts Key Rate

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Economic Times.Com


China Baosteel, Sinosteel ink raw materials deal
China wants rich nations to support tech fund
London woos Indian firms with 'free space'
UK home prices fall in November
US airlines to cut capacity
EU slaps fines on 5 chemical giants
US Treasury chief urges China to revalue currency
East Asian trade strategy seen as wake up call for US
Global techology spending growth to slow in 2008: IDC
GE says wants to continue alliance with Safran
Arcelor Mittal plans $700 mln Kazakh investment: CEO


Slovenia paint producer Helios buys Ukrainian Avrora
Climate talks: Japan's pro-US stance draws flak
US regulators, lenders may opt for five-year freeze on subprime rate
China may tighten money market to cool economy
South America plans rival to IMF, World Bank
Bush set to unveil plan to battle subprime crisis
Bush for freezing certain subprime rates for 5 yrs
RBS profits to beat forecasts, $2.5 bln writedown
Russian steel maker NLMK buys $600 mn Maxi stake
Taiwan's Acer to become Olympic sponsor
Dell expands retail push, to sell PCs at Best Buy



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