Business and Finance News
- December rally continues on US markets
Silicon Valley News.Net
US markets made modest gains Tuesday, extending the rally that began in late December.
- Ukraine gas chief to meet Russians
Silicon Valley News.Net
The head of the Ukraine gas company Naftogaz intends going to Moscow on Thursday to negotiate the gas dispute with Russia.
- Enron chief to get less jail time
Silicon Valley News.Net
Former Enron CEO Jeff Skilling will have his 24-year prison term re-adjusted.
- German industrialist commits suicide
Silicon Valley News.Net
A German billionaire has committed suicide due to money problems.
- Bank execs pass on big bonus
Silicon Valley News.Net
Bank of America's top executive has said he will take no bonus for last year’s performance, neither will he recommend any for other executives.
- Sanyo to let people go
Silicon Valley News.Net
Japanese electronics giant Sanyo intends slashing 1,000 jobs.
- Aluminium giant to shed workers
Silicon Valley News.Net
13 per cent or Alcoa’s global workforce is about to be slashed.
- Apple to take protection off iTunes library
Silicon Valley News.Net
Apple has announced its iTunes service will supply digital music without protection software.
- Some Alitalia shares will go to Air France-KLM
Silicon Valley News.Net
25 percent of Alitalia shares have been earmarked for Air France-KLM.
- Porsche realizes more than 50 percent Volkswagen share
Silicon Valley News.Net
The Porsche company in Germany has increased its share of Volkswagen to 50.76 percent from 42 percent.
- Wall Street bolstered by Obama
Silicon Valley News.Net
US stocks rallied Tuesday over speculation that president-elect Barack Obama's stimulus package will jump start the ailing US economy.
- US aluminum giant Alcoa to cut 13,500 jobs
Silicon Valley News.Net
The largest US aluminium maker, Alcoa, announced Tuesday that it would cut its global workforce by 13,500 jobs, or 13 percent, by the end of the year amid the widening recession.
- Historic Thames brewery to close in UK
Silicon Valley News.Net
The world's largest brewer, Anheuser-Busch InBev, is going to close a historic 600-year-old brewery on the banks of the river Thames in London.
- China changes gear in looking for solution to economic problem
Silicon Valley News.Net
China’s growth patterns have shifted, with an emphasis in policy toward the domestic market.
- Indian truckies decide to strike
Silicon Valley News.Net
Truck drivers in India have gone on strike indefinitely.
- Air India sacks hefty hostesses
Silicon Valley News.Net
Air India, the main airline on the sub-continent, has told hostesses to lose weight or lose their jobs.
- Apple staff relieved after CEO gives himself a healthy report
Silicon Valley News.Net
Apple CEO Steve Jobs has sent a letter to staff to assure them he is well enough to continue as the company head.
- US, Pak army improve ties to tackle Taliban, says WSJ editorial
Silicon Valley News.Net
Torkham, Jan.6 : In order to counter the increasing influence of the Taliban and Al Qaeda-linked groups along the Pak-Afghan border, the armies of the US and Pakistan are increasing bilateral co-operation, an editorial in the Wall Street Journal says.
- Madoff faces new charges; Congress starts probe
Silicon Valley News.Net
Bernard Madoff, the high-flying Wall Street investor who is awaiting trial in a $50-billion investment Ponzi scheme, faces a new set of charges alleging that he tried to hide valuables including jewellery.
- Resource stocks, Wall Street gains push local markets higher
ABC Australia
The Australian share market is higher this morning, led by a rally in resources stocks and gains on Wall Street overnight. About 11:00am AEDT, the All Ordinaries Index was up 41 points, or almost 1...
- Microsoft to do free Windows 7 upgrades
Computerworld
... unveil a program for Windows 7 that's similar to Vista Express Upgrade, a 2006 marketing effort that provided free or discounted Vista license to buyers...
- Politicians put bank brass under the gun
Financial Post
Bay Street is bracing for a political backlash in 2009 as banking practices come under scrutiny following unprecedented state intervention to backstop the financial sector.While the country's biggest...
- Canadian private-equity players gearing down
Financial Post
The sun has not set on the world of private-equity, but players in the field are hoping that 2009 will see a new dawn.Two years ago, private-equity deals represented 24% of all mergers and...
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