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Thursday,
04 December 2008
ECB Delivers Biggest Rate Cut Ever as Economy Slumps (Update1)
By Gabi Thesing Dec. 4 (Bloomberg) -- The European Central Bank cut interest rates by three quarters of a percentage point, the biggest reduction in its 10-year history, as the economic slump deepened and inflation waned.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Black Friday Boost Fails to Stem November Sales Drop (Update1)
By Heather Burke Dec. 4 (Bloomberg) -- Wal-Mart Stores Inc. was one of a handful of US retailers to post November sales gains after the Wall Street meltdown caused consumers to postpone shopping until the end of last month’s holiday sales...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Nomura to Lay Off Up to 1000 London Employees
By AYAI TOMISAWA TOKYO -- Nomura Holdings Inc. said Thursday it will lay off up to 1000 of its 4500 staff members in London, in a bid to cut costs after purchasing Lehman Brothers equities and investment-banking operations in Europe.
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
Cleveland Clinic to Reveal Docs Financial Ties
By AUDREY GRAYSON Hospitals around the country are pushing for full disclosure of their doctors financial ties to the pharmaceutical industry to help patients determine whether their doctors are making money from drug and device...
(Source: ABC News) read more...
Thursday,
04 December 2008
SCENARIOS-Indonesia policy makers battle rupiah slump
By Ed Davies JAKARTA, Dec 4 (Reuters) - Indonesian policymakers have been scrambling to avert a potential currency crisis since the rupiah hit a decade low last month.
(Source: Reuters) read more...
Thursday,
04 December 2008
Adobe to chop 600 jobs, paints grim sales forecast
Adobe Systems, the worlds largest maker of graphics and Web-design software, forecast sales that trailed analysts estimates, saying the... By Rochelle Garner Adobe Systems, the worlds largest maker of graphics and Web-design...
(Source: Seattle Times) read more...
Thursday,
04 December 2008
Refiners Nippon Oil, Mining to merge, cut costs
By Osamu Tsukimori TOKYO, Dec 4 (Reuters) - Nippon Oil Corp, Japans biggest refiner, is merging with smaller Nippon Mining Holdings Inc in a move to slash capacity and costs as a global slowdown hits demand for oil products.
(Source: guardian.co.uk) 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