General Electric Co 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.

General Electric Co said on Tuesday it was reorganizing its finance arm, GE Capital, with an eye toward saving $2 billion next year.

KUALA LUMPUR, Nov 19 (Reuters) - A ruling forbidding repurchase agreements in some Islamic bonds will help develop Islamic finance, an industry body said on Wednesday, offering support for a controversial view that has roiled the sukuk market.

JAKARTA -(Dow Jones)- The rupiah's recent depreciation against the dollar is still reasonable, Finance Minister Sri Mulyani Indrawati said Wednesday. Mulyani also said she expects the rupiah's weakness to be temporary, but didn't elaborate.

FiLife, the personal finance site co-owned IAC and Dow Jones, has a new boss. The company has brought in Ezra Kucharz, formerly an executive at online games company Oberon Media and at NBC's iVillage, as president.

Collins Stewart , the UK’s largest stockbroker, on Wednesday announced David Lindsay, finance director, was stepping down less than a month after the loss of its chief executive.

OLD FORGE — With the time municipalities have to adopt a tentative budget for 2009 winding down, borough council’s finance committee is still crunching numbers amid several budgetary challenges.

MANILA, Philippines -- Senate President Juan Ponce Enrile said he would stay on as chairman of the finance committee until the proposed P1.4 trillion budget for 2009 is approved in the Senate.