News Media versus Internet Media

The Times and Sunday Times have broken ranks by announcing they will start charging for their online editions from June according to Rupert Murdoch’s News International. Users will pay £1 for a day’s access or £2 for a week’s subscription. Though...

Global trade sees worst fall in over 60 years

Global trade has suffered severely from the global downturn, falling by 12 per cent in 2009, the worst decline in over 60 years Pascal Lamy, the head of the World Trade Organization revealed Wednesday during a visit to Brussels. In March of 2009, the...

Burberry says 1Q revenue down 4 per cent

Burberry Group Plc, the UK luxury goods company, announced that first quarter revenue dropped Share

More businesses for sale than ever

As the global crisis affects countries around the world, more and more business owners are throwing in the towel and turning to selling their business. Share

HSBC to cut jobs as profit tumbles

HSBC PLC, (NYSE:HBC) Europe’s largest bank, reported Monday a 70 per cent drop in 2008 net profit Share

Spain’s Santander settles $1.8 billion to Madoff Victims

Banco Santander, the largest bank in Spain has offered to pay private banking clients 1.38 billion euros ($1.8 billion dollars) for money lost in the alleged Ponzi scheme of Bernard Madoff. Share

Citigroup loses $8.3 billion

As Citigroup Inc. reported an $8.29 billion quarterly loss this week, they announced the division of their “supermarket” model into: Share

Who’s to blame for the Big Three crisis?

I just read an interesting article on the Nashua Telegraph, titled: “Don’t blame the union for Big Three crisis” which at first seems rather interesting since it talks about the sources and origins of the big problem Share

Citibank bailed out, or problem postponed?

After watching the news yesterday and seeing how Citigroup has been granted a bailout I can’t stop wondering what all this entails. I mean the bank received $25 billion just about a month ago. And on the 24th the Treasury announces another $20...

The world’s largest automaker on the verge of collapse

GM, the world’s largest automaker is going through some very serious times. As reported by Freep.com, General Motors “revelaed a dire financial outlook Friday that has the company teetering on the edge of bankruptcy.” Sales have dropped...