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Thursday,
04 December 2008
EDF: New Nuclear Goals Mean Capex Of EUR40 Billion-EUR50 Billion
PARIS -(Dow Jones)- French nuclear utility Electricite de France SA ( 1024251.FR) Thursday said its ambition to lead a worldwide wave of building new nuclear power plants translates into an estimated total capital expenditure program...
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
Adobe Cuts 600 Jobs, Warns of Shortfall Amid Financial Crisis
By Darryl K. Taft Design tools maker Adobe announced preliminary results much lower than expected for its fourth quarter, prompting a restructuring and the elimination of 600 jobs.
(Source: eWeek) read more...
Thursday,
04 December 2008
Nippon Oil and Nippon Mining Plan to Merge
By KENNETH MCCALLUM and KENNETH MAXWELL TOKYO -- Japans largest oil refiner, Nippon Oil Corp., and Nippon Mining Holdings Inc., the countrys biggest copper producer, Thursday announced they have agreed to a merger that they said will...
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
GM, Chrysler Said to Consider Bankruptcy to Get US Bailout
By James Rowley and Linda Sandler Dec. 4 (Bloomberg) -- General Motors Corp. and Chrysler LLC executives are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multibillion-dollar government...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
ECB May Deliver Most Aggressive Interest-Rate Cut Yet (Update1)
By Matthew Brockett Dec. 4 (Bloomberg) -- The European Central Bank may be forced to deliver the most aggressive interest-rate cut in its 10-year history as the economic slump deepens.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Sweden Cuts Key Rate to 2% as Economy Nears Recession (Update1)
By Johan Carlstrom Dec. 4 (Bloomberg) -- Sweden’s central bank slashed the benchmark interest rate by 1.75 percentage points, the biggest reduction since 1992, said it won’t raise borrowing costs until 2010 and predicted an economic...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Credit Suisse Cuts 5300 Jobs
By BETTINA WASSENER HONG KONG - Credit Suisse announced Thursday it would cut 5300 jobs - 11 percent of its global workforce and Nomura of Japan said that it planned 1000 job cuts at its London office as the financial crisis and economic...
(Source: New York Times) 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