Court orders Enron's Skilling resentenced
Published Wednesday, Jan. 7, 2009
A U.S. court upheld the 19 felony convictions of former Enron Corp President and Chief Executive Jeffrey Skilling stemming from his role in the collapse of the energy trading company, but said he must be resentenced.
Read More |
Add a Comment
German tycoon Adolf Merckle commits suicide
Published Wednesday, Jan. 7, 2009
German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday. Read More |
Add a Comment
Alcoa to slash jobs and sell 4 units
Published Wednesday, Jan. 7, 2009
Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn. Read More |
Add a Comment
U.S. budget deficit seen topping $1 trillion in 2009
Published Wednesday, Jan. 7, 2009
Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
Read More |
Add a Comment
LyondellBasell U.S. units file for bankruptcy
Published Wednesday, Jan. 7, 2009
The U.S. operations of LyondellBasell, the world's third-largest petrochemical company, filed for bankruptcy protection under the weight of a massive debt load and slumping demand for its products. Read More |
Add a Comment
December retail sales to spur profit warnings
Published Wednesday, Jan. 7, 2009
Deep discounts that failed to coax consumers to shop in December are likely to lead to a number of profit warnings this week, when retailers report sales for the all-important holiday month. Read More |
Add a Comment
Car sales plunge, heralding bleak 2009
Published Tuesday, Jan. 6, 2009
Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market.
Read More |
Add a Comment
U.S. seeks to revoke Madoff bail
Published Tuesday, Jan. 6, 2009
U.S. prosecutors asked a judge to revoke the bail terms for alleged swindler Bernard Madoff and detain him on Monday, claiming he was a flight risk.
Read More |
Add a Comment
Tyson Foods CEO leaves company; shares slump
Published Tuesday, Jan. 6, 2009
Tyson Foods Inc (TSN.N) Chief Executive Dick Bond said on Monday he was leaving the world's largest meat producer, effective immediately, a move that surprised analysts and sent Tyson shares down 6 percent.
Read More |
Add a Comment
Apple's Jobs reassures investors about his health
Published Tuesday, Jan. 6, 2009
Apple Inc Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance that is relatively simple to treat.
Read More |
Add a Comment
Obama takeover augurs financial regulator shakeup
Published Monday, Jan. 5, 2009
President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them.
Read More |
Add a Comment
Yellen: Pull out all stops for grim economy
Published Monday, Jan. 5, 2009
The U.S. economy faces a potentially long period of weak growth and a rising risk of deflation, making it worth "pulling out all the stops" with a big fiscal spending program, Janet Yellen, president of the San Francisco Federal Reserve Bank, said on Sunday.
Read More |
Add a Comment
