MWC News - A Site Without Borders -

Home

Economy

Nov 18 2008

US banking giant cuts 50,000 jobs

By Agencies

Citigroup has posted losses for the past four financial quarters

Citigroup, one of the world's biggest banks, is to cut about 50,000 jobs as the bank struggles with heavy losses amid the current financial crisis.

Be first to comment this article | Quote this article on your site | Views: 102

Tags: US banking Citigroup

CONTINUE...

Nov 18 2008

White House rejects auto bailout

By Agencies

Obama has said any bailout of the industry should not be unconditional [EPA]

Funds from the $700bn US government bailout package for the financial system should not be used to aid America's troubled auto industry, the White House says.

Be first to comment this article | Quote this article on your site | Views: 77

Tags: White House auto bailout

CONTINUE...

Nov 18 2008

Yahoo's Yang to step down

By Agencies

Yang was blamed for the failure of a deal with Microsoft [EPA]

Internet company Yahoo says that its founder, Jerry Yang, is stepping down as chief executive.

Be first to comment this article | Quote this article on your site | Views: 36

Tags: Jerry Yang Yahoo

CONTINUE...

Nov 17 2008

Japan slides into recession

By Agencies

Japan has fallen into a recession for the first time since 2001, new government figures have shown.

Be first to comment this article | Quote this article on your site | Views: 95

Tags: Japan recession

CONTINUE...

Nov 17 2008

US auto bailout battle intensifies

By Agencies

Republicans say ordinary taxpayers should not be made to pay for bailing out the auto industry [EPA]
The senate is scheduled to begin debating emergency legislation on Monday to help General Motors Corp, Ford Motor Co, and Chrysler LLC as part of a special post-election session to deal with the economic crisis.

Be first to comment this article | Quote this article on your site | Views: 126

Tags: US auto General Motors Ford Motor Chrysler

CONTINUE...

More...