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U.S. Markets Drop On Late Sell Off (AHN)
(AHN) - U.S. markets traded relatively unchanged for most of Thursday until sellers took over in the last hour of trade as investors looked for the exits ahead of the November employment report Friday morning. - Thu, 4 Dec 2008 17:17:48 GMT
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Ottawa Transport Drivers' Union Votes To Strike (AHN)
(AHN) - Unless the deadlock between OC Transpo and the Ottawa City government is resolved soon, bus drivers of the transit will strike beginning Dec. 10. - Thu, 4 Dec 2008 16:59:27 GMT
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Nearly 29,000 Job Cuts Reported In 24 Hours (AHN)
(AHN) - Nearly 29,000 job cuts were announced across the globe on Thursday as a weak credit market and on-going recession in major economies are hurting the profit margins on several companies across all sectors. - Thu, 4 Dec 2008 16:39:38 GMT
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U.S. Initial Jobless Claims Drop To One-Month Low To 509,000 Last Week (AHN)
(AHN) - U.S. weekly initial jobless claims for insurance moved down by 21,000 to 509,000, during the week ending Nov. 29, according to the data released by the Labor Department on Thursday. - Thu, 4 Dec 2008 12:53:59 GMT
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Lufthansa Supervisory Board Approves Purchase of 41.56 Share In Austrian Airlines For $463,000 (AHN)
(AHN) - Lufthansa announced its plan to acquire a 41.56 percent share in Austrian Airlines following the approval of the buy-in by the air carrier's supervisory board on Wednesday. - Thu, 4 Dec 2008 11:01:06 GMT
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Britain's Central Bank Slashes Lending Rates By 1 Percent, Benchmark Now Lowest In 57 Years (AHN)
(AHN) - True to expectations, the Bank of England again reduced key lending rates by 1 percent, bring it down to only 2 percent, the lowest in 57 years. - Thu, 4 Dec 2008 10:53:11 GMT
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U.S. District Judge Orders MGA Entertainment To Stop Making, Selling Bratz Dolls (AHN)
(AHN) - U.S. District Judge Stephen Larson ordered on Wednesday MGA Entertainment to stop manufacturing and selling Bratz dolls after he concluded the toy violated Mattel's copyrights. Larson also approved Mattel's request that MGA stop using the Bratz name. - Thu, 4 Dec 2008 10:50:28 GMT
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Harvard U Loses 22 Percent Of Endowment Fund Value (AHN)
(AHN) - The global economic crisis has not spared even Harvard University, the U.S. top educational institution. According to Harvard president Drew Faust, in a letter to school deans, the value of its endowment fund shrank by 22 percent or $8 billion for the past four months from July to October. - Thu, 4 Dec 2008 09:18:36 GMT
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