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EUROPEAN stock markets raced higher for the second day running yesterday as investors bet on co--ordinated government action to bolster the global banking system.
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Commodities prices plunged Wednesday as a darkening economic outlook once again led frightened investors to pull their money out chaotic financial markets. Crude oil, copper and agriculture futures all fell.
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US stocks plunged yet again on fresh concerns that the vast government intervention in the financial system may not be enough to stem the credit crisis and that it had in any case had come too late to prevent severe and long-lasting recession
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Stock markets around the world tumbled yesterday after falling oil prices and further downbeat corporate news in the US rekindled fears about a global slide into recession.
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The U.S. is in the midst of a 14-month long recession, a survey conducted by the Federal Reserve Bank of Philadelphia revealed Monday. The recession began in April 2008, the forecasters found. This is three months longer than the average length of a recession in the post-World War II period, which is 11 months.
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The central bank indicates interest rates will be cut again soon. The news, along with other economic concerns, sends Wall Street into another panic. Reporting from Los Angeles and Washington Ronald D. White -- Although consumers got some welcome news Wednesday about the prices they pay, the clouds over the economy loomed larger than ever.
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Tesco reported today a slowdown in sales growth, with UK like-for-like sales, excluding petrol, up just two per cent for the last three...
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The Dutch electronics conglomerate warned that the global economy was declining much faster and deeper than expected, as it abandoned profitability targets for 2010 and indicated that it anticipated a net loss in the fourth quarter
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Donald Trump has filed a lawsuit maintaining that the current financial crisis provides him with a good reason not to pay $40 million owed to Deutsche Bank.
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Guess who is complaining that condominiums in Donald Trump’s latest big project are ridiculously overpriced? Donald Trump is. But he isn’t cutting the prices. He says the banks won’t let him. The project is the Trump International Hotel and Tower in Chicago, which is to be the second-tallest building in that city (after the Sears Tower). By [...]
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Economic growth prospects for both high income and developing countries have deteriorated substantially and the possibility of a very deep global recession cannot be ruled out, the World Bank said Tuesday.
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Chancellor warns Britain was 'far from through' the recession, in a signal he will have to abandon the forecast that the recovery would start in the second half of 2009
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(Reuters) - Citigroup forecast a synchronized global recession in 2009 and said developed economies may "flirt" with deflation while emerging market economies will slow sharply, adding that global corporate earnings were only a quarter of the way through an expected 50 percent drop.
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Intel Corporation, the world's largest chipmaker with a major plant in Leixlip, said fourth-quarter sales dropped 23pc, missing a forecast that it cut by $1bn less than two months ago.
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Global stock markets crashed and burned in another day of unrelenting pessimism yesterday, and the UK’s benchmark FTSE-100 plummeted below the 4000 mark for the first time in nearly five-and-a-half years.
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Gold and silver plummeted Friday after Wall Street posted another big loss and forced investors to dump holdings in precious metals to raise badly needed cash.
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Croatia manager Slaven Bilic fears the crisis at Tottenham could undermine his country's attempt to qualify for the 2010 World Cup.
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The stunning collapse in oil markets accelerated, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving the global economic crisis.
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Sales dropped 0.5% at John Lewis last week an improvement on the 8.3 per cent fall a week earlier.
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The growing threat of recession in Japan is deepening investor pessimism here, even after the benchmark Nikkei average lost 27.2 pct in the seven trading days through Friday. Since the collapse of U.S. investment bank Lehman Brothers in mid-September, Tokyo
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Bombay Stock Exchange's Sensex closed at 10,536.69, down 791.67 points or 6.99 per cent. The index touched an intra-day low of 10239.76. National Stock Exchange's Nifty ended at 3280.85, down 232.80 points or 6.63 per cent. The 50-share index touched
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Loic LeMeur, CEO of Seesmic has announced the company is reducing its headcount by seven people. That may not sound like a huge number but as LeMeur says in the video announcement: ...the longevity of the company is obviously of significant importance - and thus we must reduce costs now in order to establish Seesmic as a solid business and pursue success of the company for years to come. As recently as June, Seesmic raised $6 million in a Series B funding round bringing the total funding to $12 million. Earlier this evening I called LeMeur: "We've cut anything that's not core to innovation - marketing, international and design. We are getting back to concentrating on developing a video conversation...
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HEY, big spender ... why don't you spend a little time at the K Club this weekend?
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AFTER a week of quite extraordinary financial events in which the word ‘unprecedented' became commonplace, it was with delight that I received a diverting email from a popular City restaurant which had noted a change in the eating habits of its customers.
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FINANCIAL stocks bore the brunt yesterday as the FTSE 100 suffered its third-biggest one-day percentage drop during a rout of inter-national money markets.
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A group that focuses on registering minority voters is under investigation for possible voter fraud. The allegations are raising concerns about the election's fairness. Armen Keteyian reports.
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Republican leaders said they were worried that John McCain was heading for defeat without a clear message.
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Is a recession the time when some businesses can boom? CNN's Thelma Gutierrez reports.
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Republican leaders said Saturday that they were worried that Sen. John McCain was heading for defeat unless he brought stability to his presidential candidacy.
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Bloomberg's stock rises as Wall Street shares fall
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Igor Kunitsyn ends fellow Russian Marat Safin's hopes of a first title in three years with victory at the Kremlin Cup.
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Times are tough. You're a computer geek and you need to feed your PC with the latest and greatest applications. What's a frugal nerd to do? A group of industry peers was recently asked by a colleague the following question: "If an SMB wants to upgrade from XP, what Linux variants would you recommend?" The first to answer that call among our group was Kenneth Hess, over at DaniWeb, who put together his own "Top 10" list. While it's admirable that Ken did the work, I think his list is flawed because he's mixing both End-User and Enterprise, and his personal biases are evident. In this first of two parts, I'm going to discuss the major flavors of Linux...
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KeepVault, a great online backup service I recommended last month, has seriously raised their prices without informing existing users. Although their old pricing was unsustainable and needed adjusting, poor communication from the company will probably result in customer defection.
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Some fear the Senator waited too long to attack Obama over Ayers, say the issue doesn’t connect with voters. Gingrich: “He has to make the case that he’s different than Bush and better than Obama on the economy. If he doesn’t win that case, it’s all over….” GOP strategist Castellanos: “He doesn’t need an attack strategy, [...]
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The Sports Xchange reports Senators RW Jarkko Ruutu started Saturday's game against the Red Wings on the first line with C Jason Spezza and LW Dany Heatley. Asked earlier in the day if he was excited to be filling in for injured captain Daniel Alfredsson alongside the team's two offensive stars, Ruutu smiled. "I think they should be excited," he said, smiling. "They don't get to play with a player like me too often." Ruutu was replaced on the line by Jesse Winchester late in the second.
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With Sidney Rice once again inactive, Vikings WR Bobby Wade got four catches for 71 yards in Week 6 vs. Detroit. His longest catch went for 46 yards.
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Behind in polls there, the GOP nominee tells supporters at a Davenport rally that he'll fight harder. Palin's appeal to evangelicals may help. But some political experts are dubious. With little more than three weeks before election day, John McCain made the surprising decision to campaign Saturday in Iowa -- a state he largely spurned in the 2000 and 2008 presidential caucuses and where he is trailing his Democratic opponent, Barack Obama, by more than 10 percentage points.
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More people in the South West are seeking treatment for gender identity disorders.
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Company profits warnings have soared to their highest level for seven years and Ernst & Young warn worse is still to come
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Although most of the Red Flag requirements apply to hiring and credit processing practices as well as those related to health facility admissions, PII and ePHI protection are also included. So what does this mean to security managers? It depends
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Security firm predicts scammers will try to use exploits to manipulate the stock market. Also: Expect more social engineering that piggybacks on big news events.
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CHARITIES have held an emergency meeting to try and resolve the problem of plummeting donations as a result of the international economic turmoil.
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London's FTSE 100 Index roared back from last week's crash today as bank rescue plans in the UK and across Europe found favour with investors.
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