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Asian Stocks Gain on Speculation Slump in Oil Will Cut Costs
Published December 4, 2008, 7:51 pm, Bloomberg
Dec. 5 (Bloomberg) -- Asian stocks rose as speculation slumping oil prices will reduce energy costs and spur consumer spending countered a retreat by mining companies and energy producers.
AT&T Signals Big Job Cut
Published December 4, 2008, 7:50 pm, Forbes
The telecom firm is cutting its workforce and capital expenditures.
Viacom to cut 850 jobs in response to downturn
Published December 4, 2008, 7:50 pm, WPVI-TV Philadelphia
Amid an ongoing debt crisis at controlling shareholder Sumner Redstone's movie theater company, National Amusements Inc., media giant Viacom Inc. said Thursday it will slash about 850 jobs - 7 percent of its work force - and freeze some senior-level salaries.
Prohibition repeal marks 75th anniversary
Published December 4, 2008, 7:50 pm, The Telegraph
Prohibition officially began nationwide when the 18th Amendment, the Volstead Act, went into effect on Jan. 16, 1919. The law banned the manufacture, sale, transportation and use of alcohol - with a few exceptions for medicinal or sacerdotal purposes.
AT&T to cut 12,000 jobs, 4 percent of staff
Published December 4, 2008, 7:49 pm, AP via Yahoo! News
Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force.
(AFX UK Focus) 2008-12-05 03:19 UPDATE 1-Toshiba to halt chip output due to weak demand-NHK
Published December 4, 2008, 7:48 pm, Interactive Investor
TOKYO, Dec 5 (Reuters) - Toshiba Corp, the world's No. 2 maker of NAND flash memory, will halt chip production at two plants for nine days due to weak demand, in its first output break in seven years, broadcaster NHK reported on Friday. Toshiba shares rose nearly 3 percent after the report, but company spokeswoman Hiroko Mochida denied that it planned to temporarily shut down all operations at ...
List of illiquid scrips swells
Published December 4, 2008, 7:47 pm, Business Standard India
40% of BSE & 30% of NSE stocks haven’t been actively traded for long. In a significant pointer to the lack of depth in domestic equity markets, the number of illiquid stocks — those that have not been actively traded for a long time — has increased sharply.
Shareholders to 'welcome' Kirk's exit
Published December 4, 2008, 7:45 pm, The Age
Fairfax Media Ltd shareholders will welcome David Kirk's exit as chief executive as he falls victim to the global economic crisis, analysts say.
Dolls' future may be limited
Published December 4, 2008, 7:45 pm, The Press-Enterprise
BRATZ: MGA is appealing a ruling Wednesday in Riverside that could decide the court fight in rival Mattel's favor.
Chugai Pharma Falls After FDA Seeks Data on Actemra (Update2)
Published December 4, 2008, 7:40 pm, Bloomberg
Dec. 5 (Bloomberg) -- Chugai Pharmaceutical Co. fell the most in seven weeks in Tokyo trading after U.S. regulators delayed their decision for a second time on whether to approve the company's rheumatoid arthritis drug Actemra.
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