TOKYO, Dec. 5, 2008 (Reuters) — Honda delivered a major blow to Formula One on Friday by withdrawing from the sport with immediate effect, citing the uncertainty created by the global downturn. ... > full story
SINGAPORE, Dec. 4, 2008 (Reuters) — Credit Suisse and Nomura Holdings announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets. ... > full story
LONDON, Dec. 4, 2008 (Reuters) — European shares rallied on Thursday after a record Swedish interest rate cut boosted expectations for aggressive moves from the euro zone and UK, while government bonds and the yen surged on economy concerns. ... > full story
TOKYO, Dec. 4, 2008 (Reuters) — Japanese brokerage house Nomura Holdings Inc <8604.T> said it would axe up to 1,000 staff in London in its first big job cuts since it bought parts of failed Lehman Brothers, adding to a wave of lay-offs in the global financial industry. ... > full story
TORONTO, Dec. 3, 2008 (Reuters) — The weak U.S. economy has finally caught up with Research In Motion, forcing the maker of the BlackBerry smartphone to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue. ... > full story
LONDON, Dec. 3, 2008 (Reuters) — A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts in Europe this week. ... > full story
LONDON, Dec. 2, 2008 (Reuters) — British Airways is in merger talks with Australia's Qantas , it said on Tuesday, adding to various attempts at consolidation in an industry desperate to cut costs in the global economic downturn. ... > full story
LONDON, Dec. 2, 2008 (Reuters) — The car industry reeled from another day of grim headlines on Tuesday, with further news of production cuts and tumbling vehicle sales in Europe, Asia and Africa. ... > full story
ZURICH, Dec. 2, 2008 (Reuters) — European bank heavyweights Credit Suisse AG and HSBC Holdings Plc are axing hundreds of jobs in Britain as the biggest financial crisis since the Great Depression bites. ... > full story
LONDON, Dec. 2, 2008 (Reuters) — World stocks fell on Tuesday, erasing more than half of last week's gains, while oil hit a 3-1/2 year low and the yen and government bonds surged as concerns intensified about a deep global recession. ... > full story
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Credit Suisse CEO: Steps Put Bk In Strong Position Into '09 Dec. 4, 2008 (Wall Street Journal) — Credit Suisse Group (CS) said Thursday measures to clamp down on risk and cut jobs put it in a strong position going into the new year. . . The ...
AT&T, DuPont Cutting Thousands of Jobs Dec. 4, 2008 (Washington Post) — Telecommunications giant AT&T said today it would lay off 12,000 employees in coming months, the latest shock to a labor market that has declined ...
Credit Suisse suffers losses and job cuts Dec. 4, 2008 (EuroNews) — If confirmation were needed about the severity of the world credit crisis, the fallout has now hit one of Switzerland's major financial names ...
HSBC cuts 500 British jobs Dec. 1, 2008 (The Straits Times, Singapore) — HSBC HOLDINGS, Europe's largest bank by market value, said Monday it is cutting 500 jobs, or just under 1 per cent of its work force, in Britain ...
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