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New Zealand's Hanover Finance Proposes Five-Year Repayment Plan (Bloomberg) Nov. 20 (Bloomberg) -- Hanover Finance Ltd., a New Zealand lender to property developers which froze payments to investors in July, is proposing a five-year recovery plan that will allow full repayment to depositors. G.E. Plans $2 Billion in Cuts at Finance Arm Next Year (New York Times) General Electric said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate?s results as a result of the global credit crunch. EU fund to finance projects in less developed areas (Business Times (Malaysia)) THE European Union (EU) is extending an e8 million (RM36 million) programme to Malaysia to finance economic projects in less developed areas such as agriculture, environment and human capital development next year. At IIM-A, finance still rules with 32% placement (Business Standard India) Despite the global financial crisis, finance continued to rule the roost at the summer placements of the Indian Institute of Management-Ahmedabad (IIM-A). Although a far cry from the 51.3 per cent last year, the sector saw the highest percentage of acceptance at 32 per cent this year. Senate Finance Committee Chairman Baucus and Senator Grassley Release Discussion Draft of New Medicare Legislation (Nasdaq) (RTTNews) - Senate Finance Committee Chairman Max Baucus and Senator Chuck Grassley (R-IA) released a bipartisan discussion draft of legislation Wednesday that would establish a value-based purchasing program for inpatient hospital care in the Medicare program.

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