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Another big interest rate cut: 0.75pc (Queensland Country Life)
The Reserve Bank (RBA) cut its key interest rate more than expected as it attempts to prevent Australia's economy stalling. The central bank lopped three-quarters of a percentage point - or 75 basis points - off its key cash rate, reducing it to 5.25pc, the lowest level since December 2003.
AMD to cut 500 jobs (Infomatics)
AMD has confirmed that it will be cutting some 500 jobs. The company said that the cuts would be distributed equally throughout its operations as a general cost-cutting measure and no one unit was being targeted with the cuts.
PHH Corporation Announces Third Quarter 2008 Results (Business Wire via Yahoo! Finance)
MT. LAUREL, N.J.----PHH Corporation today announced results for the three and nine months ended September 30, 2008.

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