Hot Business Topics
Japan’s recession deepened as the unemployment rate surged to a three-year high, wages fell and job openings plunged at the fastest pace in three decades.
The jobless rate rose to 4.4 percent last month from 4.1 percent in January, the statistics bureau said today in Tokyo. The ratio of jobs available to each applicant […]
Filed under: finance by Forest
Comments Off
DALLAS - Southwest Airlines Co. said Thursday it reached a tentative deal that provides raises for its 9,800 flight attendants.
The company said the four-year contract was reached with Local 556 of the Transport Workers Union, which represents the attendants.
Details of the terms were not disclosed.
Daryl Krause, a Southwest […]
Filed under: economics by Forest
Comments Off
The recession in the United States will stretch well into next year, probably raising the need for another fiscal stimulus package at least as large as the first one, prominent economist Martin Feldstein said on Tuesday.
Feldstein, a Harvard University professor who is a member of President Barack Obama’s Economic Recovery Advisory Board, told Reuters […]
Filed under: finance by Forest
Comments Off
JPMorgan Chase & Co and Deutsche Bank AG, which hold $1.2 billion of Capmark Financial Group Inc loans, are among banks demanding collateral in exchange for loosening terms that put it at risk of default, Bloomberg said, citing people familiar with the matter.
JPMorgan and Deutsche Bank each hold more than $600 million of loans […]
Filed under: online by Forest
Comments Off
OTTAWA–An unusual rise in new car purchases helped spur Canadian retail sales in January to their first increase since September, a greater-than-expected 1.9 per cent, according to Statistics Canada data released yesterday.
The seasonally adjusted increase, the largest since July 2006, was a rare bright statistic after recent bleak Canadian data for wholesale sales, […]
Filed under: economics by Forest
Comments Off
Guillermo Ortiz, the longest-serving central bank governor in the Americas, is reducing interest rates slower than all his counterparts, and Mexico is paying for it in the currency market.
Ortiz, whose second six-year term at Banco de Mexico ends Dec. 31, will lower the benchmark rate to 7.25 percent today from 7.5 percent, according […]
Filed under: economics by Forest
Comments Off
MONTREAL–Thirteen of Canada's largest forest, paper and packaging companies lost a combined $1.3 billion in the fourth quarter of 2008, according to a report by PricewaterhouseCoopers.
The losses were nearly three times as large as was recorded by the companies in the same period in 2007 but include one-time charges that don't reflect the […]
Filed under: online by Forest
Comments Off
As he walks past the tiny, dingy waiting area into an equally cramped garage, Nui Srisook says business at his car repair shop is thriving.
Sales are up 20% this month and Srisook spends most nights working late in his Hyattsville, Md.-based shop, helping his customers to get extra mileage out of their old cars.
"Most […]
Filed under: marketing by Forest
Comments Off
Back in December, Stephen Acree got some good news.
The nonprofit he runs, the Regional Housing and Community Development Alliance, helped win $1 million in federal tax credits to turn a desolated block of north St. Louis Victorians into 40 new brand new apartments.
The competition was fierce — 24 St. Louis-area projects applied […]
Filed under: marketing by Forest
Comments Off
Chancellor of the Exchequer Alistair Darling signaled the U.K. may not provide much more of a fiscal stimulus in its annual budget statement next month, saying “automatic stabilizers” already are giving a boost.
“You have to look at all these things in the round,” Darling said at a meeting of Group of 20 finance […]
Filed under: legal by Forest
Comments Off