Business and Finance News
- U.S. stocks rally runs out of steam
The Tampa News.Net
The New Year surge on Wall Street petered out on Wednesday.
- Ukraine gas chief to meet Russians
The Tampa 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
The Tampa News.Net
Former Enron CEO Jeff Skilling will have his 24-year prison term re-adjusted.
- German industrialist commits suicide
The Tampa News.Net
A German billionaire has committed suicide due to money problems.
- Bank execs pass on big bonus
The Tampa 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
The Tampa News.Net
Japanese electronics giant Sanyo intends slashing 1,000 jobs.
- Aluminium giant to shed workers
The Tampa News.Net
13 per cent or Alcoa’s global workforce is about to be slashed.
- Apple to take protection off iTunes library
The Tampa News.Net
Apple has announced its iTunes service will supply digital music without protection software.
- Some Alitalia shares will go to Air France-KLM
The Tampa News.Net
25 percent of Alitalia shares have been earmarked for Air France-KLM.
- Porsche realizes more than 50 percent Volkswagen share
The Tampa 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
The Tampa 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
The Tampa 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.
- Lloyds TSB bank is UK
The Tampa News.Net
London, : Lloyds TSB, the leading financial institution, has topped the league table of the UK's most gay-friendly employers in a new survey.
- Historic Thames brewery to close in UK
The Tampa 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.
- Ten Eye Up Wedgwood Fragments
Sky News
More than 10 parties have expressed a serious interest in buying fine china and crystal maker Waterford Wedgwood, the firm's administrator has confirmed.
- Next does better than expected
Guardian
Next chief dismisses talk of high street 'meltdown' The fashion chain hit sales targets despite a difficult Christmas, but it comes as a retail researcher predicts one in seven shops will be...
- GM may not need further government help
Financial Post
General Motors Corp. has enough government loans to cover the worst-case scenario it described last month and says it won't need more if the economy holds up.The U.S. Treasury has pledged as much as...
- Stock futures dip after Alcoa cuts jobs, output
Examiner
News ) decision to slash jobs and production to navigate through the global downturn.The announcement was a harsh reminder that the economy both domestically and abroad remains in rough shape. Alcoa...
- Time Warner Cable to record $15B impairment charge in 4th quarter, leading to 2008 loss
Star Tribune
Time Warner Cable says it expects to record a $15 billion noncash impairment charge on its cable franchise rights in the fourth quarter, resulting in a loss for 2008. Time Warner Cable...
- Barclays To Axe Hundreds Of Jobs
Sky News
Barclays Offices in Cheshire, Northampton and London will be affected. The company said in a statement: "Barclays continually reviews its operations. "Whave identified some aspects of our...
- Stocks look flat ahead of jobs report
MSN Money
Investor confidence appears to wane ahead of a report expected to show increasing unemployment. General Motors says it doesn't need more bailout funds. Bank of America sells shares in a Chinese bank.
- Ram Mynampati appointed interim Chief Executive Officer .
New Kerala
Hyderabad, : Accepting the resignation tendered by its Chairman and founder B Ramalinga Raju, Satyam Computer Services today appointed Mr Ram Mynampati as its interim Chief Executive Officer...
- Alcoa Plans To Cut 13 Percent Of Global Workforce
CBS 4
View Market Summaries & Leading Stock Changes Aluminum producer Alcoa Inc. is cutting roughly 13 percent of its global work force by the end of the year as it slashes costs in the face of a...
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