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UK racing upbeat despite cuts drive Business leaders in Britain's 'motor sports valley' remain optimistic that the UK can maintain its leadership in the sport in spite of attempts by Formula One's governing body to trim spiralling costs and threats by team sponsors to quit TelegraphPost-budget duty cuts to cost Rs 40,475crore The government will lose Rs 40,475 crore of indirect taxes during the year because of duty cuts announced after the budget, Central Board of Excise and Customs (CBEC) Chairman P C Jha said here on Wednesday. The Times Of IndiaBunny times over as Playboy cuts back Playboy Enterprises, the publisher of the world's best known adult magazine, is going to continue its cost cutting mission. Big News NetworkAberdeen Group : Commercial Cards Prove to Deliver Savings for Procurement and Accounts Payable BOSTON, MA (MARKET WIRE) Over the past decade, the advent of commercial cards has streamlined the procure-to-pay (P2P) process across procurement and accounts payable (A/P) functions. Not only have commercial cards, which include Purchasing cards and Corporate cards (also referred to as 'Travel' cards), reduced P2P transaction-processing costs, they have also added an additional layer of depth to the procurement and accounts payable departments by driving compliance, reducing cycle times, and automating the payment process, according to a new report published by Aberdeen, a Harte-Hanks Company (NYSE: HHS). To obtain Marketwire.comTreasury`s Plan for Mortgage Rates Could Be Costly Critics say the plan to lower mortgage rates could cost $25 billion a year, or more CBC.caRas Al Khaimah Offers a Change from Dubai The emirate of Ras Al Khaimah is quickly becoming a popular destination, joining Dubai and the rest of the United Arab Emirates. Property for sale in Ras Al Khaimah is quickly rising in popularity due to its low land costs, tax benefits, picturesque landscape and commutable distance to Dubai. homesgofast.comPlayboy to Continue Aggressive Cost Cuts in 2009 NEW YORK (Reuters) -- Playboy Enterprises Inc , publisher of one of the world's best known adult magazines, plans to continue 'aggressive cost cutting' across the company in 2009 after cutting 14 percent of its workforce in 2008, according to Chief Financial Officer Linda Havard.... Hispanic BusinessInvestors are expecting a lot of deflation The U.S. Treasury completed a remarkable auction of four-week Treasury bills today. No surprise that there was a ton of demand for the only investment still viewed as a safe haven -- there were bids worth $120 billion for the $30 billion of bills being sold. But how low did bidders go on the yield they'd accept to own the bills? All the way down to zero. That's right, the U.S. government just borrowed $30 billion at a cost of zero percent interest. That follows yesterday's auction of 3-month T-bills at the microscopic rate of 0.005%, the lowest since the long-running 3-month maturity first hit the market in 1929.According to a Bloomberg report on the bond market today, the 3-month bills are now trading at a negative yield, meaning buyers get a guaranteed loss, albeit a small one. One trader cited by Bloomberg noted that companies are eager, even desperate, to show they hold only ultra-safe T-bills on their balance sheets for fourth quarter earnings reports so they're willing to accep Businessweek.comGame maker Electronic Arts warns on profit, sales Video game publisher Electronic Arts Inc. said Tuesday it expects revenue and earnings for fiscal 2009 to miss its prior outlook because of weaker-than-expected holiday sales. The company will also cut more jobs to reduce costs. The Redwood City, Calif.-based... San Francisco ChronicleJudge `devastated` as Heathrow robbery trial abandoned for third time, at cost of £22m The £1.75 million Heathrow robbery trial was abandoned for the third time at the Old Bailey today, at a cost to the public of £22m. Times online1 2 3 4 |
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