SANFORD 'Sandy' Weill, the man who created Citigroup a decade ago, will be officially off the embattled bank's payroll in April.
Friday, January 30, 2009
Thursday, January 29, 2009
Asda to create 7,000 jobs this year
(LONDON) Asda, Wal-Mart Stores Inc's UK supermarket chain, said it plans to create 7,000 jobs this year as it adds more store space, bulks up its Internet operations and sells more goods besides food.
Wednesday, January 28, 2009
Bloomberg was biggest giver in US with US$235m
(NEW YORK) Mayor Michael R Bloomberg can claim to be No 1 in a category he cares deeply about: giving his money away.
Monday, January 26, 2009
Petrobras unveils US$174b spending plan
(RIO DE JANEIRO) Petroleo Brasileiro SA (Petrobras) Brazil's government- controlled oil company, says state financing will help it meet spending plans of US$28.6 billion this year to help develop the Americas' largest oil discovery in three decades.
Sunday, January 25, 2009
Roaring in from the past
(LONDON) Nicholas Benwell, a vintage sports car specialist, with a two-seater Bugatti Type 57S Atalante in a photo studio in Hartley Wintney, 65km west of London, earlier this month.
Saturday, January 24, 2009
Samsung runs up 20b won loss in Q4
SAMSUNG Electronics, the world's largest manufacturer of flat-screen televisions, memory chips and liquid crystal displays, posted its first ever quarterly loss yesterday as the global economic slump hit prices and demand for mainstay products.
Friday, January 23, 2009
Benjamin Button leads with 13, Slumdog 10
(LOS ANGELES) The Curious Case of Benjamin Button, a drama in which Brad Pitt plays a man who ages backward, led the field of Oscar contenders with 13 nominations, organisers said yesterday.
Wednesday, January 21, 2009
AIG not renewing Man U sponsorship
(LONDON) Insurance giant American International Group will not renew its shirt sponsorship deal with European and world club soccer champions Manchester United.
Tuesday, January 20, 2009
F1 must cut costs to survive: Renault boss
(PORTIMAO, Portugal) Formula One must cut costs if it is to survive the credit crunch, Renault boss Flavio Briatore warned on Monday.
Monday, January 19, 2009
Wave of riots in EU as youths grow frustrated
(RIGA) Standing in the X-ray room of the gleaming private clinic he opened last year, Leons Platacis is an incongruous champion for youths who rioted in Latvia last week, part of a wave of European protests.
Saturday, January 17, 2009
Madoff mirage where no trade was executed
BERNIE Madoff's investment fund may never have executed a single trade, industry officials say, suggesting that detailed statements mailed to investors each month may have been an elaborate mirage in a US$50 billion fraud.
Friday, January 16, 2009
Bush defends his actions, admits setbacks
UNPOPULAR but unbowed, US President George W Bush defended his tumultuous two terms in a farewell address to the nation on Thursday night, claiming a series of successes at home and aboard.
Thursday, January 15, 2009
Wal-Mart rated most valuable US retail brand
(NEW YORK) Wal-Mart Stores may overcome the worst holiday shopping season in 40 years because of the strength of its brand.
Wednesday, January 14, 2009
US firms seek tax waiver for offshore unit loans
(NEW YORK) Morgan Stanley, United Technologies and General Electric (GE) are asking lawmakers to waive US tax penalties on businesses that borrow from their offshore units, according to congressional aides and lobbyists.
Tuesday, January 13, 2009
Reinet in talks to buy Lehman assets
(JOHANNESBURG) An investment company controlled by South African billionaire Johann Rupert is in talks about the buy-out of Lehman Brothers Inc's merchant banking business.
Monday, January 12, 2009
GMAC's Merkin quits under Madoff cloud
(NEW YORK) Ezra Merkin, one of the most prominent hedge fund managers embroiled in Bernard Madoff's alleged fraud scheme, will resign as chairman of GMAC LLC so the finance company will be eligible to receive US taxpayer funds.
Saturday, January 10, 2009
Slumdog Millionaire is critics' choice
SLUMDOG Millionaire was the final answer at the Critics Choice Awards on Thursday.
Friday, January 9, 2009
Obama's energy goal challenging: Exxon
ExxonMobil chief executive Rex Tillerson says it would be difficult to meet President-elect Barack Obama's goal to significantly boost US alternative energy production.
Thursday, January 8, 2009
US$1.25b Dubai race course deal scrapped
(DUBAI) Companies building the centrepiece of a prominent Dubai race course said on Tuesday the original US$1.25 billion contract has been cancelled, raising questions about the future site of the Middle East's premier horse race.
Wednesday, January 7, 2009
A first taste of the cut and thrust
(WASHINGTON) Two weeks before assuming power, US President-elect Barack Obama took his economic recovery package to Capitol Hill on Monday and worked to build a bipartisan coalition to endorse his plan of tax cuts and new spending with an urgent appeal 'to break the momentum of this recession'.
Monday, January 5, 2009
Treasury asked to explain bailout choices
(WASHINGTON) The Treasury Department's inspector general wants Treasury to explain its secretive process for deciding which banks receive investments of taxpayer dollars from the government's US$700 billion financial rescue programme.
Sunday, January 4, 2009
BOA, Wells Fargo wrap up mergers
BANK of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic times ahead.
Saturday, January 3, 2009
3-Ds, blockbusters to boost Hollywood fortunes in 2009
A SLEW of quality movies and higher ticket prices helped Hollywood hold its own last year despite recession, while the new year promises more 3-D pictures and some big blockbusters to keep audiences coming in.
Thursday, January 1, 2009
Pepsi, Beckham end endorsement relationship
(CHICAGO) PepsiCo is ending its endorsement relationship with English soccer star David Beckham after 10 years in a move that it described on Wednesday as mutual by both sides.
Subscribe to:
Posts (Atom)