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What the papers say
FINANCIAL TIMES
KRAFT SET FOR HOSTILE MOVE ON CADBURY
US food group Kraft was last night preparing to launch a hostile takeover bid for UK rival Cadbury in its ambition to create a combined global confectionery group.
US JOBLESS RATE RISES ABOVE 10% THRESHOLD
US unemployment surged above 10% for the first time in more than a quarter of a century in October, increasing political pressure on the Obama administration.
LACK OF FESTIVE CHEER ALL ROUND AS BUSINESSES AXE CHRISTMAS PARTIES
Cash-strapped businesses are axing their office Christmas parties and scrapping the traditional festive knees-up in a penny-pinching austerity drive.
Money:
LLOYDS INVESTORS URGED TO TAKE ACTION
Shareholders in Lloyds Banking Group should either buy new shares in the bank's £13.5bn rights issue or sell out altogether, according to private-client stock brokers.
PROVIDERS REVIEW RATES ON TERM ASSURANCE
Term assurance providers are attempting to revive the market by launching products that offer more flexibility on premiums - and added scope for policyholders to protect against sharp rises in mortgage rates.