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Bad Bank option gains strength As Fed issues grim assessment of economy, new fix-it methods getting a good look The Globe and MailLatvia: Economy Update - Global VoicesNewsRack China in Africa for the long haul - International Herald Tribune: Business Chinese businesses are taking a long-term view and pursuing strategic expansion in Africa, even though China's multiplying investments on the continent have lost some luster in the global downturn. NewsRackDo you think the stimulus legislation, when it`s signed, will work? How do you tell if it "worked"? Where do you set the bar? I think the economy will be better than it would be without it, but not near as good as it was a few years ago. I checked "yes" based on that. Others who think the same thing might check "no". WSJ.comFiran Technology Group (FTG) Announces Record Sales for Fourth Quarter and Full Year 2008 TORONTO, ONTARIO--(Marketwire - Jan. 28, 2009) - Firan Technology Group Corporation (TSX:FTG) today announced financial results for the fourth quarter and the fiscal year ended November 30, 2008.- 38% sales growth in Q4, 2008, 14% in fiscal 2008- 29% gross margin in Q4, 2008 compared to 14% in Q4, 2007- $5.6M increase in earnings in 2008 versus 2007- Continued strong contribution from acquired Filtran Microcircuits business'2008 was a challenging and very satisfying year for FTG as we continued to execute on our growth initiatives and met or exceeded our targets. Our continued focus on investment in technologies and Operational Excellence provides us with the tools to grow market share and exceed customer expectations', stated Brad Bourne, President and Chief Executive Officer. 'In addition to the numerous successes this year, we made great progress on our cost reduction initiatives and we moved forward with our FTG Aerospace facility in China. Combined with this, o MarketwireIMF: 2009 to be weakest year since WWII, but recovery in the wings The International Monetary Fund predicts 2009 will be the weakest year since World War II for the global economy. Bizjournals.comCrisis pits rate cuts against rand support January 26, 2009 By Ethel Hazelhurst Johannesburg: Rand weakness and concern about the strength of the global economy have sparked a debate among economists about the role of high interest rates to su... Big News NetworkHouse OKs $819B stimulus bill in win for Obama WASHINGTON (AP) -- In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration's plan to revive a badly ailing economy. The vote was 244-188, with Republicans unanimous in opposition despite Obama's pleas for bipartisan support.... The Arizona RepublicWells Fargo lost $2.83 billion in 4th quarter Wells Fargo & Co. reported a $2.83 billion loss in the fourth quarter today, revealing signs of strain as the San Francisco banking giant digests Wachovia Corp.'s enormous book of toxic loans and grapples with a worsening economy. Still, the numbers were... San Francisco ChronicleStarbucks to close 300 stores as profit tumbles Starbucks Corp. said Wednesday its fiscal first-quarter profit and sales fell short of Wall Street's forecast. The high-end coffee chain also announced 6,700 new job cuts as a weak economy weighed on sales. CNN Money1 2 3 4 5 |
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