British bankruptcies increase in 3Q (AP)

AP - The number of British people petitioning for bankruptcy jumped 7 percent in the third quarter, while company failures rose 13 percent, as the financial crisis hiked the cost of loans, Britain's Ministry of Justice reported Friday.
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AP - A spokesman for automaker Adam Opel GmbH, which is owned by General Motors, says the company will seek help from the German government as the financial crisis grips European car makers.
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AP - Nokia Corp., the world's largest cell phone maker, on Friday downgraded its outlook for industrywide mobile device volumes for the fourth quarter, citing pressure from the economic crisis and currency volatility.
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AP - Cash-strapped Belarus will receive a $2 billion loan from Russia to help stabilize its struggling, Soviet-style economy, the government said Friday.
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AP - European markets rose strongly Friday after hefty day-earlier gains on the U.S. and an overnight rally in Asia as investors bought up heavily sold-off stocks.

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AP - German Chancellor Angela Merkel said Friday she is "somewhat surprised" to hear warnings against too much regulation of financial markets before the global crisis has even been fully tamed.
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AP - The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold rose.
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AP - Share prices on the London Stock Exchange were up at midday Friday.
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Continue reading about FTSE-100 up 157.85 points at 4,327.06 (AP)

AP - Shares of RAB Capital PLC surged 29 percent Friday morning after the hedge fund announced it would save money by closing a number of troubled funds and revealed its balance sheet was stronger than analysts had expected.
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Reuters - World leaders headed to Washington on Friday to try to find ways to tackle a global economic crisis that has plunged much of Europe into its first recession since the euro currency was formed.

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