Infineon posts another large loss
Wednesday, December 3rd, 2008German chipmaker reports a seventh straight quarterly net loss because of falling chip prices and weakening demand.
Archive for the ‘News’ Category
German chipmaker reports a seventh straight quarterly net loss because of falling chip prices and weakening demand.
Fears grow for US service sector
Wednesday, December 3rd, 2008A measure of the US service sector dropped to a record low in November, showing further weakness in the sector.
Brown unveils mortgage help plan
Wednesday, December 3rd, 2008Many people made redundant will be able to defer part of their mortgage payments for up to two years, Gordon Brown says.
US economy ‘weaker in all areas’
Wednesday, December 3rd, 2008The Federal Reserve's Beige Book paints a bleak picture of the US economy, with weaker economic activity across the country.
Cyber Monday spending rises 15 percent: comScore
Wednesday, December 3rd, 2008SAN FRANCISCO (Reuters) - Online retail spending rose 15 percent on the all-important Monday after Thanksgiving from a year earlier, sounding a positive note in an otherwise bleak holiday season.
Productivity for all key
Wednesday, December 3rd, 2008President-elect Barack Obama's plans to increase federal funding for tech research and the training of scientists and engineers are misguided according to economist Amar Bhidé, author of "The Venturesome Economy."
Investors accuse Citi execs of “suspicious” trades
Wednesday, December 3rd, 2008NEW YORK (Reuters) - An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health.
Fed Beige Book says economic activity weakened
Wednesday, December 3rd, 2008WASHINGTON (Reuters) - Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday.
Auto union makes key concessions
Wednesday, December 3rd, 2008The United Auto Workers union pledges key concessions to help the Detroit Three carmakers secure government aid.
UAW to suspend jobs bank, rework healthcare trust
Wednesday, December 3rd, 2008DETROIT (Reuters) - United Auto Workers President Ron Gettelfinger said on Wednesday the union would surrender job security protections and delay payments into a retiree healthcare trust to help U.S. automakers clinch government aid to survive a sales downturn.