Straw says UK can ‘weather storm’
Sunday, August 31st, 2008Justice Secretary Jack Straw says Labour is best placed to see Britain through the current economic downturn.
Archive for August, 2008
Justice Secretary Jack Straw says Labour is best placed to see Britain through the current economic downturn.
Most U.S. Gulf oil output shut as Gustav threatens
Sunday, August 31st, 2008HOUSTON (Reuters) - Energy companies shut down three-quarters of U.S. Gulf of Mexico oil production on Saturday to prepare for the worst hurricane to hit the U.S. oil patch since 2005 and coastal refineries began shutting down before possible flooding.
ArcelorMittal and USW reach tentative agreement
Saturday, August 30th, 2008NEW YORK (Reuters) - ArcelorMittal and the United Steelworkers union reached a tentative agreement on Saturday on a new four-year contract that covers 14,000 of the steelmaker's employees.
German customs raid Hyundai at Berlin tech fair
Saturday, August 30th, 2008BERLIN (Reuters) - German customs police raided South Korea's Hyundai IT Corp in Berlin on Saturday, seizing flat-screen televisions from its stand at IFA, the world's largest consumer electronics fair.
UK faces ‘profound economic crisis’
Saturday, August 30th, 2008Chancellor Alistair Darling says the UK is facing the worst economic crisis in 60 years and warns of a "profound" downturn.
Minister sees Alitalia job losses under 5,000: report
Saturday, August 30th, 2008MILAN (Reuters) - Layoffs at Alitalia should be less than 5,000, Italy's labor minister Maurizio Sacconi told la Repubblica newspaper in an interview published on Saturday.
Lehman nears plan for real estate assets: report
Saturday, August 30th, 2008NEW YORK (Reuters) - Lehman Brothers Holdings Inc. has settled on a structure that will allow it to offload billions of dollars in real-estate loans from its books, according to the on-line edition of the Wall Street Journal.
Lenders mulling new offer in Alabama debt standoff
Saturday, August 30th, 2008BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County and lenders pulled back from the brink of a threatened bankruptcy filing on Friday after the county proposed restructuring $3.2 billion of soured sewer debt.
Boeing machinists union says members should strike
Saturday, August 30th, 2008CHICAGO (Reuters) - Boeing Co's largest labor union said on Friday it advised its members to reject the company's final contract proposal and go forward with a strike next week that could cost the plane maker $3 billion a month.
More volatility seen with hurricane, payrolls
Friday, August 29th, 2008NEW YORK (Reuters) - Wall Street is set for another volatile week after the Labor Day holiday, as investors track the price of oil, key economic data and continued fallout from the credit crisis.