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Obama's First Moves
Published November 21, 2008, 8:26 am, The Globalist
President-Elect Obama will inherit one of the worst economic downturns in U.S. history. As Peter Morici argues, he must act quickly and decisively — focusing not only on the country's banks and infrastructure, but also on its trade imbalance.
Ports merger stakes up
Published November 21, 2008, 8:26 am, Otago Daily Times
The proposed merger between Port Otago and Lyttelton Port of Christchurch (LPC) took a major step forward yesterday with a tantalising offer to minority LPC shareholders, laying a foundation for a delisting from the New Zealand stock exchange.
B-schools' development programme to take a hit
Published November 21, 2008, 8:25 am, Business Standard India
It’s not only companies that are nervous about growth. B-schools are also keeping their fingers crossed with revenues from management development programmes (MDPs) expected to slow during the next quarters.
Shobhana Subramanian: Is the wheel turning full circle?
Published November 21, 2008, 8:23 am, Business Standard India
A gallon of gas or a share of GM? That’s a headline prompted by the fall of the GM stock to less than five dollars. Back home you could almost ask a similar question: two litres of petrol or a share of Tata Motors?
Selloff Continues in Citigroup Stock
Published November 21, 2008, 8:22 am, New York Times
Five, four… where’s the floor? Citigroup ’s shares continued their slide Friday, extending the week’s selloff and falling below the $4 mark.
Citigroup's Pandit Doesn't Plan to Break Up Company (Update1)
Published November 21, 2008, 8:22 am, Bloomberg
Nov. 21 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit told employees he doesn't plan to break up the company, aiming to reassure workers as the stock resumed a skid that has erased more than half its value in three days.
Asian benchmark index slumps to 5-year low, extend global rout
Published November 21, 2008, 8:21 am, Business Standard India
Asian stocks fell, driving the region’s benchmark index to its lowest level since August 2003, as Japan’s exports declined the most in almost seven years and US consumer prices sank by a record.
European Stocks Tumble on Economy; Stoxx 600 Slides 50% in 2008
Published November 21, 2008, 8:20 am, Bloomberg
Nov. 21 (Bloomberg) -- European stocks fell, extending the Dow Jones Stoxx 600 Index's 2008 decline to 50 percent, after Goldman Sachs Group Inc. said the U.S. is in a deeper recession than it previously forecast and concern grew about the health of Citigroup Inc.
Leasing decisions need to be considered carefully for the volatile year ahead
Published November 21, 2008, 8:19 am, High Plains Journal
Landowners and tenants face difficult leasing decisions for the year ahead, a University of Nebraska-Lincoln agricultural economist says. It will be especially challenging to determine a fair and reasonable leasing agreement for both parties, said Bruce Johnson, UNL agricultural economist.
OSHA settlement reached in Spooner explosion
Published November 21, 2008, 8:17 am, The Ashland Daily Press
SPOONER (AP) — The chemical company where an explosion last spring critically burned two workers has reached a settlement with the federal government over workplace safety violations.
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