NorgdomBusiness
From east to west, a chain collapses
3pointsAcross the scrap trade, prices have halved or worse in a matter of months. Each link in the chain is disintegrating, from factories to scrapyards to collectors. Official media reported that four-fifths of China's recycling units had closed.
BOE Cuts Rate to Lowest Since Bank’s Creation
3pointsThe Bank of England cut the benchmark interest rate to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession.
Qantas ditches BA merger
1pointsQANTAS has abruptly ended its brief flirtation with British Airways, after the airlines failed to reach agreement on "key terms" needed to create the world's first transcontinental airline
Stocks poised for gains
1pointsThe Australian stock market may rise at this morning's opening after Wall Street shrugged off worries about poor economic woes and a widening investment scandal likely to tally billions of dollars.
ABC - all that's wrong in the corporate world
1pointsIf there are any regrets from Eddy Groves about the workers in 55 ABC Learning child-care centres declared uneconomic by the receiver, he certainly isn't showing it.
Sony to cut 16,000 jobs as profits fall by 60%
1pointsMedia giant Sony will slash 8000 full-time jobs and pull back investments to save $US1.1 billion a year in an effort to shield itself from the global economic downturn.
Tribune Co. Files for Bankrupcty Protection
1pointsMedia giant Tribune Co., saddled with billions in debt since it became a privately held company last year, filed for Chapter 11 bankruptcy protection in a Delaware court this afternoon, becoming the first major newspaper to declare bankruptcy
Desirable deficit
1pointsLast week the RBA cut the overnight cash rate by a further 100 basis points to complete the most aggressive three-month rate cut cycle we have seen since the Bank started announcing target cash rate levels in 1990.
Pantelis Charitopoulos Virtex Property Group
1pointsPantelis Charitopoulos and Marina Charitopoulos launch new business venture - Virtex Property Group Adelaide - Previous business Golden Chef Victoria, Golden Chef Adelaide, Hungry George.
Virtex Property Group
1pointsVirtex Property Group Adelaide now operated by Pantelis Charitopoulos and Marina Charitopoulos, formerly golden chef victoria, golden chef pty ltd.
One reason we're about to get a budget deficit
1pointsTHE Prime Minister has stepped up his defence of a budget deficit as new figures suggest that Victoria is holding back the national economy.
Qantas aborts mainline services to offset slump
1pointsQANTAS is cutting flights to the US, Britain and at least one Asian destination. The flying kangaroo is moving to offset an expected 64 per cent slump in pre-tax profit amid falling international passenger demand.
Investors lose $850bn in bear market
1pointsTHE value of the Australian share market has halved after a year-long slide, wiping $850bn off its value, with more losses are expected today after another plunge on Wall Street.
CEO Jerry Yang steps down from Yahoo!
1pointsOn Nov 17th 2008, Jerry Yang stepped down as CEO of Yahoo!
BHP quick to begin mining uranium in WA
1pointsBHP Billiton has wasted no time announcing plans to mine uranium in WA after Premier Colin Barnett formally lifted a ban on Monday.
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