A compilation of brief news reports for Friday, November 7, 2008.

Contents

  • 1 Labour victory in UK by-election
    • 1.1 Sources
  • 2 Explosion kills 12 at Russian bus stop
    • 2.1 Sources
  • 3 Magnitude 6.4 earthquake in South Pacific
    • 3.1 Related news
    • 3.2 Sources
  • 4 GM reports 2.5 billion US$ loss for third quarter
    • 4.1 Sources
  • 5 Financial crisis update: further stock exchange falls on Thursday
    • 5.1 Sources
 Contribute to Wikinews by expanding these briefs or add a new one.

Friday, November 7, 2008

Labour Party candidate Lindsay Roy defeated the Scottish Nationalist candidate by 6,737 votes, to win the UK parliamentary seat for Glenrothes in Scotland. Opinion polls had predicted a close race, but personal campaigning by Prime Minister Gordon Brown, and a high turnout of 52% in Thursday’s vote, secured a high margin for the UK’s governing party.


Friday, November 7, 2008

28 people were wounded and at least 11 are dead after an explosion in the centre of Vladikavkaz, capital of the North Ossetia region of Russia.Local authorities suspect that Thursday’s explosion was caused by a female suicide bomber.


Friday, November 7, 2008

At 0719 UTC (6.19 on Friday evening local time) a magnitude 6.4 earthquake struck 120 kilometres (75 miles) north east of the South Pacific island of Espiritu Santo, Vanuatu.It was followed by several less powerful aftershocks. Reports from the US geological service placed the focus of the quakes at a depth of 35 km.Press reports say that no tsunami warnings were issued.

Vanuatu experienced a similar earthquake on Wednesday, near the island of Efate. That event had a magnitude of 6.3.

  • “Tanimbar Islands of Indonesia hit by earthquake” — Wikinews, November 7, 2008
  • “Two strong earthquakes rock Vanuatu” — Wikinews, August 1, 2007
  • “Strong earthquake hits near Vanuatu” — Wikinews, August 7, 2006


Friday, November 7, 2008 17:46:00

American car manufacturer General Motors has lost 2.5 billion US dollars in its third quarter of 2008. The hemorrhage of cash has prompted GM to suspend talks of a “strategic acquisition” that some business analysts say may be referring to a possible buyout of Chrysler. Revenue has fallen nearly 5.8 billion dollars, greatly due to the recent global economic crisis which has caused consumers to sharply cut back on spending. The report indicates that GM could go bankrupt in 2009 without government assistance.


Friday, November 7, 2008

World stock markets posted another drop at close of trading yesterday.Blue chip indices showed losses of 3.55% in Tokyo and 6.84% in Frankfurt.Oil prices echoed the trend, falling to $60.77 per barrel, down 6.94%.

Index Country Wednesday close Thursday close Change +/-
CAC 40 France 3618.11 3387.25 -6.38 %
DOW JONES USA 9139.27 8695.79 -4.85 %
Nasdaq Comp USA 1681.64 1608.70 -4.34 %
SBF 120 France 2590.99 2426.35 -6.35 %
Dax Xetra Germany 5166.87 4813.57 -6.84 %
FTSE 100 UK 4530.73 4272.41 -5.70 %
Nikkei 225 Japan 8899.14 (Thu) 8583.00 (Fri) -3.55 %
Crude oil USA 65.30 60.77 -6.94 %

This story incorporates translated text from a story in French Wikinews: “Crise financière : nouveaux replis des places boursières le 6 novembre 2008” (November 7, 2008) which has a license that is compatible with English Wikinews.
  • Nikkei” — Les Échos, November 7, 2008 (French)
  • FTSE” — Les Échos, November 6, 2008 (French)
  • cours du brut” — EuroInvestor.fr, November 6, 2008 (French)
  • Vue générale des marchés” — EuroInvestor.fr, November 6, 2008 (French)