News Headlines - 04 October 2010

▽No new bail-out for UK banks, says Chancellor George Osborne - Telegraph.co.uk
The prospect of a second round of bailouts for the UK's banks has been dismissed by Chancellor George Osborne and the industry's main trade body.

▽Hammond gives high-speed rail line green light - FT.com
Philip Hammond promised to press ahead with a new £33bn high-speed rail line despite financial constraints on the government and concerns about the scheme’s timeframe.
The transport secretary outlined plans for a route from London to Birmingham and further north despite protests from those opposed to the line, which will cut through countryside in the Chilterns and Warwickshire.

▽Twitter founder Evan Williams steps down as CEO - BBC
The co-founder of social networking site Twitter is standing down as its chief executive.

▽Regulator starts probe into PwC and E&Y - FT.com
Two of the UK’s Big Four accounting firms are under investigation for weaknesses in their oversight of the handling by JPMorgan and Lehman Brothers of client funds.

▽Germany Downplays Terror Threat - Wall Street Journal
A senior German official downplayed warnings of a potential terrorist attack in Europe, as Pakistani officials told reporters a U.S. missile strike in northwest Pakistan reportedly killed several suspected German militants.







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