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Thursday,
04 December 2008
French power company in hunt for Constellation
PHOENIX, Arizona (AP) - A $4.5 billion bid Wednesday by Frances state-controlled power company for reactors in two states could lead to the only foreign ownership stake in US nuclear plants.
(Source: The Associated Press) read more...
Thursday,
04 December 2008
Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
By Stewart Bailey Dec. 3 (Bloomberg) -- Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, plans to reduce its workforce in North America by about 20 percent because of lower metal prices.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
State Street to cut up to 1800 jobs
State Street Corp. on Wednesday said it will cut 1600 to 1800 jobs, or 6 percent of its global work force, between now and the end of the 2009 first quarter, in an effort to reduce operating costs.
(Source: BusinessWeek) read more...
Thursday,
04 December 2008
Neuberger Team Wins Bid for Lehman Unit
By JOHN KELL A group of managers and senior employees of Lehman Brothers Holdings Inc.s Neuberger Berman asset-management unit won a bid to acquire a majority interest in the division in an auction held Wednesday in US Bankruptcy Court in...
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
Fed paints dreary economic picture
By Ben Rooney, CNNMoney.com staff writer The holiday shopping season is off to a slow start. What is your spending strategy NEW YORK (CNNMoney.
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
Adobe issues disappointing outlook, will cut jobs
By John Letzing, MarketWatch SAN FRANCISCO (MarketWatch) -- Adobe Systems Inc. issued preliminary results for its fiscal fourth quarter and a sales outlook for the first quarter that fell short of expectations late Wednesday, while...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
Financial industry pushes for lower mortgage rates
WASHINGTON (AP) - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market.
(Source: The Associated Press) read more...
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- State Street to cut up to 1800 jobs
- Vikings react to suspensions of Williams Wall
- Union concessions may improve prospects for auto bailout
- Financial industry pushes for lower mortgage rates
- Adobe issues disappointing outlook, will cut jobs
- Fed paints dreary economic picture
- Neuberger Team Wins Bid for Lehman Unit
- Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
- French power company in hunt for Constellation
- UBS: More former executives forgo pay, bonuses
- ArcelorMittal May Cut 9000 Jobs Across the World (Update3)
- Black Friday At Toys R Us
- Obama Says Thanksgiving Comes During a ‘Time of Great Trial’
- OPEC Has All Options Open, Including Cut, Libya Says (Update2)
- GM Said to Study Shedding Saturn, Saab, Pontiac to Win US Aid
- Ford Resists Change to Mulallys Pay
- European, Asian stocks higher despite gloomy data
- Town officials wary of casinos alcohol proposal