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Citigroup to cut more than 50,000 Jobs
The purpose of the “town hall” style meeting Citigroup CEO Vikram Pandit organized today at the firm’s midtown HQ was, he said in a memothat went out on Friday, to discuss the bank’s “accomplishments over the past 11 months.” Despite the fact that the bank’s share price closed at a worrisome $9.52 on Friday, Citi had [...]
Continue reading...SEC Charges Mark Cuban With Insider Trading by the SEC Relating to Mamma.com
18. November 2008
The SEC has charged internet entrepreneur and NBA Dallas Mavericks owner Mark Cuban with insider trading over shares of Mamma.com. The high-profile complaint—the press release is highlighted on SEC.gov at the moment—alleges that in June 2004, Cuban sold 600,000 shares of the search engine company’s stock within hours of receiving confidential information that the company was about [...]
Continue reading...Krugman Says Economics under Depression
16. November 2008
I’m obviously not a liberal, and a lot of the time I don’t fully subscribe the things that Paul Krugman talks about… However, the guy is flat out brilliant and you know, in this post I think he has a pretty darn good point. I’m going to copy in a few of the things [...]
Continue reading...Revenue collection in Economy
4. November 2008
ISLAMABAD: Despite a slow down in economic growth, revenue collection hiked by 28.14 per cent in the first four months of the current fiscal year as it stood at Rs349.8 billion against Rs271.488 billion last year. Revenue collection also outpaced the target by Rs20 billion on the back of unexpected growth in the collection of all [...]
Continue reading...BEIJING (AP) — Global automakers issued ambitious forecasts Sunday of up to 65% sales growth in China’s booming market this year - a striking contras
4. September 2008
Beverage giant amends rules to create separate posts before Muhtar Kent takes over as chief eNEW YORK (AP) — Coca-Cola Co., the world’s biggest beverage company, said Tuesday that it amended its bylaws to separate the roles of chairman and chief executive before incoming CEO Muhtar Kent takes over in July.In December, CEO E. Neville [...]
Continue reading...RBS aims to raise $24B in new capital
4. September 2008
LONDON (AP) — Royal Bank of Scotland Group PLC said Tuesday it had suffered further losses of $11.7 billion from the U.S. subprime mortgage crisis and would ask investors for $23.9 billion in new capital to shore up its reserves.The company said it would ask shareholders to approve a rights issue that would offer 11 [...]
Continue reading...Car makers count on booming Chinese market
4. September 2008
Top global automakers compete for position in China where car sales growth is set to top 15%.BEIJING (AP) — Global automakers issued ambitious forecasts Sunday of up to 65% sales growth in China’s booming market this year - a striking contrast to the gloom in the United States and elsewhere.Sales of some individual models to [...]
Continue reading...Travelers should prepare for unfriendly skies
4. September 2008
Jammed flights, high fares, delays will affect airlines, customers all summer CHICAGO - Soaring fuel costs. Flights cut. Jobs lost.The parent company of United Airlines reported a worse-than-expected quarterly loss Tuesday, citing a string of problems that are hurting other carriers as well. And for travelers, a vacation season of jammed planes, delayed flights and [...]
Continue reading...Stocks close lower as investors digest earnings
4. September 2008
NEW YORK - Wall Street pulled back Tuesday, with the Dow Jones industrials tumbling more than 100 points as a rush of quarterly results from bellwethers like AT&T Inc., DuPont and McDonald’s Corp. failed to impress investors. Oil prices also reached fresh highs, raising concerns about inflation.AT&T’s earnings met Wall Street’s forecast while McDonald’s and [...]
Continue reading...Record gas prices squeeze drivers
4. September 2008
NEW YORK (AP) — Cabbies here complain their take-home pay is thinner than it used to be. Trucking companies across the country are making drivers slow down to conserve fuel. Filling station owners plead that really, really, the skyrocketing prices aren’t their fault.And the rest of us? With gas prices now averaging $3.51 a gallon [...]
Continue reading...- At least 60 killed and 200 injured in Wah Cantt arms factory blasts
- 6 Bomb Blast in Karachi within 1hour
- 3 Serial blast In Attock
- PTI, TI, JI criticise PPP’s apathy towards the poorty
- 10 policemen Killed in Blast near Melody Chowk in Islamabad
- Punjab Assembly session adjourned for indefinite period
- Shuhda-e-Lal Masjid moot decides to set up Markaz-e-Ghazi
- No one interfering in Governament Policies: Musharraf
- Review of war on terror policy urged
- Saima reduced 10kg weight
- Masked Avengers Prank Call Sarah Palin and she Fooled (1)
- UN Secy General seeks total elimination of N-weapons (1)
- Sarah Palin thinks her 1st Amendment Rights are Criticized (1)
- Hour by Hour Guide to US Election 2008 (1)
- Iftikhar Chaudhry: Parliament will not endorse the act ofNov 3 (1)
- Indian spy to be handed over to Indian officials today (0)
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- 44 FC men freed after dialogue in Kurram Agency (0)
- PIA increases fares on overseas flights (0)
- FBR introduces scheme for disclosure of hidden assets (0)
- Indian Spacecraft on Moon
- Barack Obama Becomes 44th President of The United States
- South Waziristan: Suicide bomber kills eight soldiers
- Masked Avengers Prank Call Sarah Palin and she Fooled
- Earth Quake in Balochistan 180 Peoples Killed
- The Body of Jennifer Hudson’s Nephew Found in Chicago
- Now, terror tales by Osama bin Laden
- UN Secy General seeks total elimination of N-weapons
- Chinese eggs found tainted with melamine
- FBI joins search for Jennifer Hudson’s nephew
18. November 2008
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