BusinessWeek Online - European financial markets breathed a sigh of relief on Jan. 22 as share prices rebounded after the U.S. Federal Reserve pushed through an emergency three-quarter-point interest rate cut. The Fed's action, which followed a day of panic selling on global bourses, underscored Europe's vulnerability to a potential U.S. recession. After plunging in the morning — following a rout on Jan. 21 and early declines in Asia — Britain's FTSE-100 and France's CAC-40 ended the day up more than 2%, while Germany's DAX edged down 0.3%. Continue

FT.com - London equities shrugged off news of a EU5bn fraud at Société Générale to close sharply higher on Thursday, supported by steady morning trade on Wall Street. Continue
Also by addressing the bad behavior directly, you're showing the disgruntled worker that you're in charge and their behavior must change. Keeping Yourself Protected with Sample Employee dismissal Letters. Don't give a false reason to soften the blow, such as the "firm is down, we just have to let you go," when the real reason is poor job productivity with three written warnings as proof. If you conduct the dismissal properly, the worker will be more probably to recover quickly and move on with dignity. As you close this interview, ask the employee if anyone else can confirm his story. How Escalating Discipline "Traps" A Insubordinate employee. Standards For Employee separation.

Although the definition of employment at will favors the manager, it mostly fails to protect you when you lay off an employee. Employers who should dismiss a worker who falls under protective laws may feel like they are in a tough spot. In case you have an "emergency" lay off, you can follow this shortcut: If you fire an employee for this particular misconduct you had better have documentation. For example, suppose you have documented proof your ex-worker was sexually deviant. At the close of the firing meeting, give the original copy of the employee separation notification to the former employee while keeping a copy for your records. And, now and then, you can't find the fraud, or the worker never screws up enough to sack. Even though your company has a dismissal memorandum template, there is still room for mistakes. A blank copy of The jobholder Warning Notice Form is on the next page.