KUALA LUMPUR, MALAYSIA: Malaysia's largest labor union and opposition leaders Thursday (23 Oct) denounced government plans to inject 5 billion ringgit (US$1.4 billion) into the stock market, saying they fear public funds could be misused to bail out ailing, well-connected companies.

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LONDON, Oct 23 (Reuters) - DSG, Europe's number two electrical goods retailer, said trading conditions had got worse and cut its investment plans on Thursday, but it eased concerns about its bank loans, giving some relief to its battered shares. "Assuming the banking system is actually underpinned and we don't get a complete collapse... we don't see any issues with banking covenants," Chief ...

SunTrust Banks profit drops 26% as loan loss provisions rise October 23rd, 2008 LONDON (MarketWatch) — SunTrust Banks said third-quarter net incmoe dropped 26% to $307.3 million, or 88 cents a share, as provisions for loan losses rose to $503.7 million from $147 million. The company’s board of directors has authorized an application for the sale of preferred stock to the U.S. Treasury under the TARP program, and also that the company continues to evaluate its capital structure and dividend