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CBJ exclusive: Gloria Pace King talks about ouster Gloria Pace King described herself as a visionary leader who built the local United Way into one of the best in the nation in an exclusive interview last week with the Charlotte business journal . bizjournalsYear In Review: From Spitzer to financial crisis, a dismal 2008 already feels historic Well before the federal government started thinking about a $700 billion bailout of the financial industry, there were warning signs that bad times were coming. Here’s a look at the year’s big business news, from the stories leading up to the financial crisis to the ones that covered its fallout. bizjournalsUBS sells some commodities businesses to JP Morgan ZURICH, Dec 22 (Reuters) - UBS has sold some ofits non-strategic commodities businesses to J.P. Morgan for anundisclosed amount, the Swiss bank said on Monday. ReutersJapan recession deepens, central bankers look beyond rates SINGAPORE/LONDON (Reuters) - Japan warned on Monday it was sliding deeper into recession after exports and business sentiment tumbled, and British central bankers said interest rate cuts alone would not cure global economic ills. ReutersGerman Economics Minister Favours Tax Reductions Designed to achieve a unified economic and political response to the prevailing global economic crisis, a national summit meeting, held between the German government, business leaders and trade union representatives, merely served to highlight the increasing rift emerging within the coalition itself, as Economics Minister Michael Glos relentlessly called for urgent tax cuts. Tax NewsToyota to Cut Auto Production Toyota Motor Corp, the world's largest auto maker, said on Monday it will cut capital expenditure and auto production in an effort to cope with tanking global auto demand. Toyota said it will shrink planned output capacity at its new plant in India, and cut capital expenditure in the next business year starting April 2009 to below 1 trillion yen ($11 billion). ... Hispanic BusinessUPDATE 1-Munich Re pays $742 mln for AIG`s HSB unit FRANKFURT, Dec 22 (Reuters) - German reinsurer Munich Re will pay $742 million in cash to buy AmericanInternational Group Inc's HSB Group as a way to expandits U.S. business, the companies said on Monday. ReutersJapan recession deepens, Ireland bails out banks SINGAPORE (Reuters) - Japan warned on Monday it was sliding deeper into recession after exports and business sentiment tumbled, while Ireland became the latest nation to pump cash into banks crippled by the worst financial crisis in 80 years. ReutersA disappointing year for agriculture in Pakistan Source ::: Internews KARACHI: Agriculture, the largest provider of livelihood to the poor in Pakistan, faced unbearable losses due to wrong planning and high input costs in the outgoing calendar year. "The contribution of... NewstinLehman`s rise and fall Long before it became the largest bankruptcy in U.S. history, Lehman Brothers dove into the nascent market for high-risk home loans aimed at a vulnerable part of U.S. society. In the second part of a special investigation, Report on Business examines how Lehman's ties to the 'unethical' business spelled disaster for the company and helped ignite the deepest economic crisis in decades The Globe and Mail1 2 |
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