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US in recession since Dec 2007, confirms NBER
Published December 2, 2008, 1:16 pm, Business Standard India
The world's largest economy US slipped into recession almost a year ago and not now as is widely believed, the country's National Bureau of Economic Research (NBER) has said.
U.S. Stocks Advance, Rebounding From Worst Drop Since October
Published December 2, 2008, 1:12 pm, Bloomberg
Dec. 2 (Bloomberg) -- U.S. stocks rose, rebounding from the market’s worst tumble since October, after General Electric Co. announced plans to maintain its dividend and the Federal Reserve extended terms of three emergency loan programs.
Sonoma's bittersweet ending
Published December 2, 2008, 1:12 pm, Sonoma Index-Tribune
Sonoma's Nick Fedrick (right), on his way to his third 200-plus-yards rushing game of the season, breaks a tackle while following the blocks of teammates Michael Mulas (No. 48) and Jesse Bojarsky (No. 84) during the Dragons victory over San Marin Friday.
Smaller IT firms too freeze hiring outlook
Published December 2, 2008, 1:10 pm, Business Standard India
While information technology (IT) biggies like Wipro Technologies, decide to go slow on campus hiring, Kolkata-based small and medium IT companies too have nearly halved their hiring outlook for the next few quarters. Salary hikes too would be hit.
Saru bow to pressure over Bok emblem
Published December 2, 2008, 1:07 pm, The Natal Witness Group
The President’s Council of the SA Rugby Union this week weakly bowed to political pressure when they resolved to move the 102-year-old Springbok emblem to the right-hand side of the national playing jersey.
China property slump threatens global economy
Published December 2, 2008, 1:05 pm, Business Standard India
House prices in Shanghai, Shenzhen and Guangzhou are plunging, and the global economy may grind almost to a halt next year because of it.
Flu Vaccine Examined Among College Students
Published December 2, 2008, 12:49 pm, KERO 23 Bakersfield
Researchers say it appears all college students could benefit by being inoculated against influenza.
Markets recovery falters
Published December 2, 2008, 12:48 pm, Sydney Morning Herald
Fears of a local recession have skittled a fledgling sharemarket recovery and unsettled investors, whipping up expectations of further interest rate cuts.
Valley Wonk
Published December 2, 2008, 12:15 pm, Light Reading
The custom NP-3c, as EZchip calls it, gets built by Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM - message board ) and sold by Marvell into -- well, it's a customer EZchip declines to name, but it doesn't take Colossus to figure out the "c" stands for Cisco.
Greenberg wants more info from AIG on US deal
Published December 2, 2008, 12:08 pm, The Economic Times
Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, is seeking more information from the company on its agreement with the US government.
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