Tag archive for ‘Business’
By Steve Morning On Thursday, August 19th, 2010

Nearly 7 Million Americans Lose Jobs in Q4 2009

According to a report released Wednesday by the Bureau of Labor Statistics in the U.S., 6.8 million Americans lost their job in the last quarter of 2009, running from September to December 2009. Despite 6.6 million More...

By Rajat Anand On Friday, October 23rd, 2009

Asia’s biggest carrier JAL likely to suffer $5.5 billion loss

Japan Airlines Corporation (JAL) is likely to suffer record losses amounting up to 5.5 billion dollars this year, according to newspaper reports on Thursday. The major causes for the losses are believed to be the More...

By Rajat Anand On Tuesday, October 20th, 2009

100 more jobs to be cut at New York Times

One of the leading newspapers in the U.S., the New York Times, announced on Monday that it would have to cut 100 newsroom jobs. It said it was trying to tackle lost advertising revenue and would be cutting jobs More...

By Rajat Anand On Saturday, October 17th, 2009

Despite drop in sales, IBM posts stronger earnings than anticipated

On Thursday, International Business Machines (IBM) came out with its results for the third-quarter in which it posted a 14% increase in net income over last year, with the figure this year rising to $3.2 billion. The More...

By Rajat Anand On Saturday, August 15th, 2009

Bradford and Bingley reports £160 million loss

Nationalized mortgage lender Bradford & Bingley has reported a £160 million loss for the first half of the year due to a rising wave of fraud. The figures came out as the Council of Mortgage Lenders warned More...

By Rajat Anand On Thursday, August 13th, 2009

SingTel Q1 profits up by 7.7 per cent

Singapore Telecommunications Limited (SingTel) reported on Thursday that its net profit for the first quarter this year went up by 7.7% over last year. However, it also said that challenges continued to rise within More...

By Adrian Santana On Wednesday, August 12th, 2009

Financial crisis takes toll on Playboy, Hefner sells $25 million mansion

Playboy magazine founder, Hugh Hefner is reported to have sold his English Manor mansion in Los Angeles for $18 million after having had it on the market for $25 million for nearly a year. According to the Times More...

By Rajat Anand On Sunday, August 9th, 2009

Freddie Mac won’t seek Treasury aid for now

Mortgage giant Freddie Mac reported its first profit in two years and said that it did not require aid from the US Treasury for now. It reported a net income of $768 million for the second-quarter owing it partly More...

By Rajat Anand On Sunday, August 9th, 2009

Punj Lloyd looking for savings through QIP placement

The very famous Punj Lloyd has now at last completed the QIP placement with issuance of the 2.8 crores equity shared, increasing the funds to tune of about Rs. 670 crores. The company’s management has stated More...

By Rajat Anand On Friday, August 7th, 2009

Fannie Mae reports loss, asks the Treasury for another $10.7 billion

US mortgage giant Fannie Mae reported second quarter losses of $15.2 billion and has requested the Treasury for a further aid of $10.7 billion. The loss this quarter is comparatively lesser than the $23.2 billion More...