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US Fed Slashes Lending Rate
"US Fed slashes lending rate Tuesday, 16 December 2008 19:33 The US Federal Reserve has slashed its base lending rate from 1.0% to virtually zero, saying its target federal funds rate would be a range of zero to 0.25%. The unprecedented low rate announced by the...
Bank of England slashes rates 1% to historic low
The Bank of England today slashed interest rates by a further 1%, bringing the interest rate to a historic low. The interest rate cuts in recent months have been among the fastest in Britain's history."The Bank of... CanWest slashes 5% of work force
The other shoe drops..."TORONTO — CanWest Global Communications Corp. is cutting 560 jobs, or 5 per cent of its work force, as the Winnipeg-based broadcaster and publisher streamlines operations. The company... US Federal Reserve slashes rates
Amid concerns over the state of the US economy and jittery financial markets, the US Federal Reserve has cut interest rates by three quarters of a percentage point."
The central bank lowered rates to 2.25% from 3%, but the cut was smaller than financial markets had expected.... Citi loses almost $10B, slashes dividend
Even with the endless services charges Citibank still managed to break the record books. "NEW YORK - Citigroup Inc. lost almost $10 billion in last year's final three months, the largest quarterly deficit in... Will the Subprime Meltdown Hurt the Ad Industry?
I remember being told by various Madison Avenue types that Capital One sends out over 1 billion pieces of direct mail a year. I'm pretty sure I've got most of those. They truly are one of the biggest...Nicaragua's Ortega slashes his salary
"MANAGUA, Nicaragua - Leftist Nicaraguan President Daniel Ortega, who took power earlier this month, said Monday that he was slashing his salary and those of Cabinet members. ADVERTISEMENT In a news conference, Ortega said he would earn a monthly salary of $3,200 while...
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