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China Development Bank Restructured As Stockholding... (DJ)

BEIJING -(Dow Jones)- China Development Bank, one of the country's three policy lenders, has restructured itself into a stockholding company, a person familiar with the situation told Dow Jones Newswires on Monday.

China Development Bank Restructured As Stockholding Co-Source

BEIJING -(Dow Jones)- China Development Bank, one of the country's three policy lenders, has restructured itself into a stockholding company, a person familiar with the situation told Dow Jones Newswires on Monday.

China edges closer to licensing 3G

The process has been delayed while the Chinese government restructured the Chinese telecommunications industry, and waited for the Chinese variant of 3GÂ technology, known as TD-SCDMA, to mature.

Best Buy Hunkers Down, Focuses on Customer Service

Today, Best Buy's President and Chief Operating Officer called today's sales climate the worst he's seen in 42 years, citing that "People are making dramatic changes in how much they spend, and we're not immune from those forces." Indeed, we've already heard from an inside source that Best Buy has quietly restructured their high-end Magnolia department, reducing expenditures to pre-holiday levels and cross training the employees to work in the normal home theater department. Now an internal memo leaked by The Consumerist explains how else Best Buy plans to cope on a wider scale:

As Mandated, FDIC Takes Center Stage Amid Crisis

Law360, New York (November 03, 2008) -- While the Federal Deposit Insurance Corp.'s response to the credit crisis suggests it is flexing greater regulatory muscle than ever before, banking experts and attorneys say this proactive behavior simply means the agency is doing its job, and that it is too early to predict what type of role the FDIC might adopt in a restructured banking regulatory system.

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