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Madoff complying with assets disclosure deadline

NEW YORK, Jan. 2, 2009 (Reuters) — Accused swindler Bernard Madoff was complying with a court-ordered deadline to tell U.S. regulators how much money he has left, as lawmakers prepared to take their first close look at the alleged scheme that duped investors worldwide. ...  > full story

IBM in sales alliance with Japan's Ricoh: paper

TOKYO, Dec. 31, 2008 (Reuters) — IBM and Japanese office equipment maker Ricoh Co Ltd <7752.T> will start sharing each other's sales network this year and promote their servers and printers together, the Nikkei business daily said on Thursday. ...  > full story

Top Dell execs leave as PC maker restructures

BOSTON, Dec. 31, 2008 (Reuters) — Two top Dell Inc executives recruited to help turn around the No. 2 PC maker are leaving as part of the second major staff shake-up in the two years since founder Michael Dell returned as CEO. ...  > full story

Airlines "shrinking by all measures": IATA

GENEVA, Dec. 30, 2008 (Reuters) — International airlines saw a huge 13.5 percent fall in cargo traffic in November and a drop of 4.6 percent in passengers as business shrank across the industry, the carriers' grouping IATA said on Tuesday. ...  > full story

Governments must be ready to spend more on stimulus: IMF

PARIS, Dec. 23, 2008 (Reuters) — Governments should be ready to increase their spending on economic stimulus programs if circumstances require it, the International Monetary Fund's chief economist Olivier Blanchard said in comments published on Tuesday. ...  > full story

Global M&A falls in 2008

PHILADELPHIA, Dec. 22, 2008 (Reuters) — Global merger volume dropped by almost a third in 2008, ending five years of deal growth as a lack of available credit, plunging stock markets and a worldwide financial crisis undermined companies' ability to make acquisitions. ...  > full story

Chinese banks to help finance Taiwan investors

SHANGHAI, Dec. 21, 2008 (Reuters) — China reached out a hand to diplomatic rival Taiwan on Sunday, offering Taiwanese investors on the mainland $19 billion in financing over the next three years, the latest in a flurry of economic diplomacy by Beijing. ...  > full story

ECB situation different to Fed on rates: Bini Smaghi

ROME, Dec. 21, 2008 (Reuters) — The European Central Bank is in a very different situation to the U.S. Federal Reserve, which has cut interest rates almost to zero, ECB executive board member Lorenzo Bini Smaghi said in an interview published on Sunday. ...  > full story

Video game maker EA to cut 1,000 jobs

NEW YORK, Dec. 19, 2008 (Reuters) — Video game publisher Electronic Arts Inc said on Friday it will cut 1,000 jobs, or 10 percent of its work force, as part of a restructuring plan that will save around $120 million a year. ...  > full story

Central banks to offer dollar liquidity but see demand waning

LONDON, Dec. 19, 2008 (Reuters) — Central banks around the world announced their latest effort to pump cash into the financial system on Friday but noted overall demand for U.S. dollars has declined, in a sign the global credit crunch may be easing. ...  > full story
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