GM takes $25bn governmant grants and runs out of cash

GM spend the $25bn aid, run out of cash $25bn just used to fix holes in the financial system, not a dime for fuel efficent cars as promised. Forget this industry, no economy engine, just lost orders. Shares to go...

Goldman may be set to post first quarterly loss

" NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall...

Sohu.com forecasts profit above expectations

"Monday October 27, 9:14 am ET Chinese Web portal Sohu.com predicts 4Q profit well above Wall Street's expectations NEW YORK (AP) -- Sohu.com Inc., a Chinese Web portal, forecast fourth-quarter earnings well above Wall Street's expectations on Monday, after reporting that...

Singapore slips into recession

Singapore, one of fastest growing and robust economy of  Asia, is deeply under threat.  The Singapore economy has weakened over the course of 2008, alongside an escalation in the turmoil in...

FDA reports new drug safety evaluations

"The FDA will now issue quarterly reports of drug-safety evaluations that it has begun on the basis of adverse event reports the agency has received, officials announced here. "The quarterly reports...

Dion: Canadians set for election

UPDATE: Opposition leader Stephane Dion has said there will be a general election in Canada, after a brief meeting with PM Stephen Harper. Though there's no announcement as yet: "OTTAWA -- Liberal Leader Stephane...

UK diesel 'most costly after tax'

"UK diesel prices are the cheapest in western Europe before tax is added, Government figures revealed.But once taxes are imposed on the fuel, the average price at the pump is higher than any other European Union...

Asian shares head for worst quarter in over 5 years

A shaky start to the week as Asian markets wobble on more bad news from America."HONG KONG (Reuters) - Asian shares fell on Monday, heading for their worst quarterly performance in over five years, on persistent concerns about the global credit crunch and the impact of...

Exxon Reports Record Profits

Why am I not surprised?"Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company. Exxon (XOM, Fortune 500) shares gained nearly 2% in pre-market trading on...

Crime rate falling ever faster, but drug and gun offences increase

"· Police record 9% decline in year to September · More use of firearms as threats, but fewer deathsThe fall in the annual crime rate in England and Wales is accelerating, with a drop of 9% recorded by the police in the year to September 2007, according to Home Office...

Morgan Stanley bailed out by Beijing after $9bn write-off

More bad news for the economy and the banking sector as the slide continues."Morgan Stanley yesterday became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history after taking...

Ford posts surprise $750m profit

This is the first good news to come out of the US car industry in years...and it's interesting to note that as Ford announces this positive result it also announces it is considering selling some of its other...

Barbie goes Babel: Mattel's overseas sales spike

Blame it on globalization, or, even more simply, on the proliferation of American culture overseas in general: Mattel saw an 18% increase in overseas sales--largely due to Barbie and Wheels toys. This occurred...

Top 25 Censored Stories of 2007

"#1 Future of Internet Debate Ignored by Media Sources: Buzzflash.com, July 18, 2005 Title: “Web of Deceit: How Internet Freedom Got the Federal Ax, and Why Corporate News Censored the Story” Author: Elliot D....

Taxes can be paid by electronic system

"If you owe taxes when you file your federal tax return, you can pay electronically using the Electronic Federal Tax Payment System. The system is a free, secure service provided by the Department of Treasury, according to an Internal Revenue Service news release. The system...

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