EUROPE MORNING UPDATE: Mumbai Grinds to a Halt as Terror Attacks Kill Dozens

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THE WALL STREET JOURNAL Europe Morning Update

November 27, 2008 -- 4:10 a.m. EST

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TODAY'S NEWS
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India's financial capital ground to a halt after at least 101 people were reported killed in blasts and gun attacks and gunmen took several hostages at two popular hotels for Western business travelers and tourists.

http://online.wsj.com/article/SB122777007750761525.html?mod=djemEMU

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The EU proposed $260 billion in government spending to head off an economic slump, in a move that would test EU limits on budget deficits.

http://online.wsj.com/article/SB122770463232959505.html?mod=djemEMU

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The British government has extracted a pledge from credit-card issuers to give struggling borrowers an extra 60 days to pay.

http://online.wsj.com/article/SB122773056319560653.html?mod=djemEMU

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Daimler said talks to sell its remaining stake in Chrysler to Cerberus have hit a stumbling block as Chrysler's financial position has worsened.

http://online.wsj.com/article/SB122771562971259873.html?mod=djemEMU

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Porsche said the financial crisis has made it unlikely to lift its VW stake to more than 50% before the end of the year.

http://online.wsj.com/article/SB122771126103359681.html?mod=djemEMU

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China postponed indefinitely an annual summit with the EU, apparently because of the French president's plan to meet with the Dalai Lama.

http://online.wsj.com/article/SB122772013808060083.html?mod=djemEMU

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German inflation fell in November as fuel prices and demand declined, suggesting rate cuts may follow.

http://online.wsj.com/article/SB122773576232360971.html?mod=djemEMU

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Russia will spend over $35 billion of reserves from windfall oil revenue to plug an expected budget hole next year and maintain public spending.

http://online.wsj.com/article/SB122773781704561089.html?mod=djemEMU

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The Dow industrials climbed 247.14 points, or 2.9%, to 8726.61. Blue chips have advanced 15.6% in the last four sessions, the best run since the spring.

http://online.wsj.com/article/SB122770068936059459.html?mod=djemEMU

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FEATURES
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Want to make your gift a memorable one? Here's a range of ideas from stellar stress relievers to unforgettable experiences to philanthropic pursuits for that "feel good" factor.

http://online.wsj.com/article/SB122764295462057315.html?mod=djemEMU

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Investors may need to shift expectations, writes Capital Generation's Charlotte Thorne.

http://online.wsj.com/article/SB122774010721961193.html?mod=djemEMU

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