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No relief seen in global economic crisis

Gwalior :: India | about 3 hours ago | Business News

Posted by city786

WASHINGTON - The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland, export woes in Japan and rescue loans to Turkey and...

20 news stories / 0 blog posts / 2 images / 12 videos / 1 voice

European, Asian markets rebound despite US losses

London :: United Kingdom | about 10 hours ago | Business News

Posted by arjun

LONDON - European and Asian stock markets rebounded Friday as expectations of a recovery on Wall Street prompted investors to scoop up battered financial and energy shares. The FTSE 100 index of leading British shares was up 42.78 points, or...

33 news stories / 8 blog posts / 0 images / 30 videos / 0 voices

Smucker reiterates full-year earnings forecast

Orrville :: OH :: USA | about 11 hours ago | Business News

Source: International Business Times

The jelly and jams maker still anticipates a profit between $3.45 and $3.50 per share, which excludes restructuring and other costs. The outlook includes the company's acquisiton of Folgers coffee, which it acquired from Procter & Gamble Co. earlier this...

11 news stories / 1 blog post / 9 images / 6 videos / 0 voices

Jobless rate rises in Indiana to 6.4%

Indianapolis :: IN :: USA | about 10 hours ago | Business News

Source: The Indianapolis Star

Indianas unemployment rate worsened slightly in October, tying its highest mark in 21 years. Indiana was at 6.4 percent, putting our state below the national rate of 6.5 percent and lower than neighboring states; the unemployment rate in Michigan is...

8 news stories / 3 blog posts / 12 images / 23 videos / 0 voices

Sops for textile exporters shortly

New Delhi :: India | about 9 hours ago | Business News

Source: Hindu

Pillai on Friday said the textiles sector alone could lose five-lakh jobs in the next five months due to steep decline in exports. Stating that global economic slowdown had impacted the Indian export sector, Mr. Pillai said the Centre was...

8 news stories / 7 blog posts / 8 images / 3 videos / 0 voices

Europe, Asia Weigh on Heinz Results

Milwaukee :: WI :: USA | about 9 hours ago | Business News

Source: Asian Wall Street Journal

Heinz Co. reported a 22% increase in fiscal second-quarter net income amid higher prices and currency-hedge gains, but volume fell as Europe, Asia and restaurants pared back on purchases of the company's products. While its North American consumer-products business saw...

7 news stories / 0 blog posts / 1 image / 6 videos / 0 voices

5 lakh textile workers may lose jobs in next 5 months: Govt

Gwalior :: India | about 3 hours ago | Business News

Posted by city786

Five lakh workers in the textile industry, which is reeling under the impact of a severe slowdown in the export market, may lose jobs in the next five months, Commerce Secretary G K Pillai said today. "According to estimates of...

7 news stories / 2 blog posts / 2 images / 0 videos / 1 voice

Citigroup Tries to Stop the Drop in Its Share Price

New York City :: NY :: USA | about 9 hours ago | Business News

Posted by arjun

For months, the nation's largest banks have struggled to regain investors' trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world.The shares slumped 26 percent Thursday; the...

22 news stories / 9 blog posts / 14 images / 20 videos / 0 voices

Congress Sends Detroit Execs Back — With Homework

Washougal :: WA :: USA | about 12 hours ago | Business News

Posted by arjun

House Speaker Nancy Pelosi of Calif, second from left, talks during a news conference on Capitol Hill in Washington to discuss the auto industry bailout. Faced with the choice of bailing out the ailing auto industry or letting it fail,...

31 news stories / 2 blog posts / 7 images / 9 videos / 0 voices

Darling may force British banks to lend

London :: United Kingdom | about 10 hours ago | Business News

Source: The Irish Times

The reports said Darling was looking at measures which could include capping interest rates on loans to small firms, while a leading Labour politician accused the banks of "navel gazing" and even suggested full-scale nationalisation as a last resort.

7 news stories / 8 blog posts / 2 images / 17 videos / 0 voices