Archive for the ‘Business’ Category

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Venezuela suspends US fuel aid

Tuesday, January 6th, 2009
Citgo, Venezuela's Texas-based oil subsidiary, has suspended its scheme to provide cheap heating oil to thousands of low-income families in the US.
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Hong Kong's key stock index falls 0.4 percent

Tuesday, January 6th, 2009
HONG KONG (AP) - Hong Kong shares fell modestly Tuesday, as investors sold Chinese telecom companies that had gained recently after Beijing approved next-generation mobile licenses.
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European Inflation Rate Drops to Lowest in Two Years

Tuesday, January 6th, 2009
By Ben Sills and Jurjen van de Pol Jan. 6 (Bloomberg) -- Europe’s inflation rate fell to the lowest in more than two years in December as oil prices plunged and consumer spending slumped, increasing the scope for the European Central Bank to reduce ...
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Russian Gas Supply Via Ukraine Drops; Balkans Halted

Tuesday, January 6th, 2009
By Daryna Krasnolutska and Rachel Graham Jan. 6 (Bloomberg) -- Russian natural gas shipments to Europe through Ukraine plummeted and deliveries to the Balkans were halted at the Romanian border as a dispute over pricing led to the sixth day of supply ...
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Japan backs away from fiscal target as recession bites

Tuesday, January 6th, 2009
By Yuzo Saeki TOKYO, Jan 6 (Reuters) - Japan's government edged away on Tuesday from its self-imposed goal of balancing the budget, acknowledging that the target was becoming harder to meet as the global financial turmoil pushes the economy deeper into ...
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Toyota to Shut Factories for 11 Days

Tuesday, January 6th, 2009
By MARTIN FACKLER TOKYO - Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
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Logitech Trims Staff After Rough Holiday Season

Tuesday, January 6th, 2009
The Swiss computer peripherals firm announces hundreds of job cuts for the first time ever. The consumer slump is now affecting all things that go 'click': Logitech International, the Swiss-based maker of computer mice, keyboards and videogame ...
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Wall Street braces for reports

Tuesday, January 6th, 2009
by CNNMoney.com staff NEW YORK (CNNMoney.com) -- US stocks were set to open mixed Tuesday ahead of new reports on services, home sales and manufacturing.
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Gazprom Dispute Entangles Europe

Tuesday, January 6th, 2009
By DAVID JOLLY and ANDREW E. KRAMER PARIS - Russia’s gas price dispute with Ukraine began to entangle more of Europe on Tuesday, as the Bulgarian and Turkish authorities said that Russia had completely suspended their gas supplies and a Czech company ...
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Bid to Revoke Madoff’s Bail Cites His Gifts

Tuesday, January 6th, 2009
Bernard L. Madoff, right, leaving Federal District Court in Manhattan on Monday. Mr. Madoff remains free on $10 million bail. By ALEX BERENSON Contending that Bernard L. Madoff sent at least a million dollars worth of jewelry as gifts to family members ...
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