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Strike begins at Scottish newspaper
As reported here a strike has begung at the Daily Record and Sunday Mail newspaper offices HQ in Glasgow, Scotland. It follows a strike ballot that was held by the National Union of Journalists, where the 276... Journalists agree to strike/work-to-rule at Scottish Newspaper
Journalists at one of Scotland's biggest newspapers are to strike because of restructuring and job cuts. The newspapers, the Daily Record and Sunday Mail, owned by Trinity Mirror will strike for 2 days. It follows... Citigroup Preferred Stock Conversion Key to New US Treasury Deal
The Treasury Department has reached a tentative deal with Citigroup that may help the struggling financial company stay in business. The US Treasury has agreed to substantially increase its ownership in... Nortel could cut up to 5,000 jobs next week: analysts
"Nortel could cut up to 5,000 jobs next week: analysts Last Updated: Wednesday, November 5, 2008 | 8:48 AM ET Comments55Recommend32 Reuters, special to CBC News Nortel Networks Corp could shed between 3,000 and 5,000 jobs when it details its...Global' bank crisis: Support as British do
" Brown wants 'global' bank support Gordon Brown has called on other governments to follow Britain's lead by supporting their struggling banks. Writing in the Times, he said the crisis needed a "global solution" and wants world leaders to meet and plan a...MONEYTALK: GM $15.5bn loss
The credit crises, the petrol $4/Gln GM Sales down on record high. Pick-up trucks almost not to sell. New fuel efficient cars, german daughter Opel still doing well.New Hybrid, electric, Hydrogen cars...Politics of Vendetta Vs Peace Process
With the smuggling in of almost 40 trucks of weapons from India, ordinary people’s concern for their life security has sharpened in Nepal. They had become quite happy when the Maoist insurgents entered the mainstream peace process about two years ago. But the status-quoist...BP to cut 5,000 jobs as profits fall by a fifth
"Profits at BP, the UK's largest company, fell 22 per cent to $17.29 billion (£8.7 billion) last year. The oil giant confirmed it would cut 5,000 jobs and target a 20 per cent reduction in overheads by the middle of next year. Chief Executive Tony Hayward said the...Microsoft wants to purchase Yahoo
"Microsoft has offered to buy the search engine company Yahoo for $44.6bn (£22.4bn) in cash and shares. The offer, contained in a letter to Yahoo's board, is 62% above Yahoo's closing share price on Thursday. Yahoo cut its revenue forecasts earlier this week and said it... EMI to cut up to a third of workforce in restructuring
The years of plenty of cash have long gone for the recording companies with the advent of downloads and free music via YouTube and MySpace. EMI should have cut their cost years ago, but one gem remains their property portfolio which is worth millions.... "The new owners... CompUSA to close all of its 103 stores
"Consumer electronics retailer CompUSA said Friday it will close its stores after the holidays following sale of the company to an affiliate of Gordon Brothers Group, a restructuring firm."Visa Inc. Completes Global Restructuring
""The completion of the restructuring marks a pivotal moment in Visa's history," said Joseph W. Saunders, Chairman and Chief Executive Officer of Visa Inc. "I'm delighted by the support our members have shown us throughout this process. By completing the restructuring, we now...Visa announces post-restructuring board of directors
VISA ANNOUNCES POST-RESTRUCTURING BOARD OF DIRECTORS AND APPOINTMENT OF BYRON POLLITT, JR. AS CFO OF VISA INC.San Francisco (ANTARA News/PRNewswire-AsiaNet) - Visa announced today the individuals who will serve as members of Visa Inc.'s Board of Directors after the completion...Russian billionaire Oleg Deripaska buys 5 percent stake in General Motors
"Russian billionaire Oleg Deripaska buys 5 percent stake in General Motors 08.08.2007 Source: URL: http://english.pravda.ru/business/companies/95824-oleg_deripaska_general_motors-0 Oleg Deripaska, the owner of...Struggling Chrysler to slash 13 000 jobs
NowPublic member, leconcierge is right...Chrysler sure has poor timing when it comes to issuing pink slips."DaimlerChrysler said Wednesday its struggling Chrysler division will cut 13,000 jobs — including 2,000...
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