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Thursday,
04 December 2008
AT&T to trim 12000 jobs
AT&T Inc., the 26th largest employer in Wichita, will cut 12000 jobs, or about 4 percent of its national work force. In Wichita, AT&T currently employs about 719 full-time workers, according to the Wichita Business...
(Source: Bizjournals.com) read more...
Thursday,
04 December 2008
Prudential Plans Sale of Stake in Wachovia Securities (Update2)
By Andrew Frye Dec. 4 (Bloomberg) -- Prudential Financial Inc., the second-biggest US life insurer, plans to sell its minority stake in Wachovia Securities to Wells Fargo & Co.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Oil Prices Fall to Nearly Four-Year Low
By GREGORY MEYER NEW YORK -- Crude oil descended to prices not seen in nearly four years Thursday as the world economic slowdown continued to take a toll.
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
Sarkozy Announces EU26 Bln of Measures to Spur Growth (Update1)
By Francois de Beaupuy and Helene Fouquet Dec. 4 (Bloomberg) -- French President Nicolas Sarkozy announced 26 billion euros ($33 billion) of measures to spur growth in an economy teetering on the brink of recession.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
China tells US to get economy in order
BEIJING (AP) - China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis.
(Source: The Associated Press) read more...
Thursday,
04 December 2008
Nokia cuts fourth-quarter mobile-industry forecast
By Aude Lagorce, MarketWatch LONDON (MarketWatch) -- Nokia Corp., the worlds largest maker of mobile phones, on Thursday lowered its fourth-quarter mobile-industry outlook for the second time in less than a month and warned it may lose...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
UPDATE: Gartner: Smartphone Sales Slowdown To Continue
By Adam Ewing STOCKHOLM -(Dow Jones)- Research firm Gartner Inc. (IT) Thursday said 36.5 million smartphones were sold in the third-quarter this year, an 11.5% increase from last year, but a slowdown from the 15.7% annual growth seen in...
(Source: CNNMoney.com) 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