Indian business: airlines coming down to earth with a bump - Daily Telegraph Blogs

IF you ever wanted an indicator of how the global downturn is hitting the Indian economy - and the frothiness of many parts of India's economic boom - look no further than the aviation sector, which is now in deep trouble. The combination of last ...

Prime Minister Gordon Brown admits UK recession is likely - Herald

Gordon Brown admitted for the first time today that the country was heading for a recession - as share prices tumbled and the value of the pound hit a five-year low. The Prime Minister, who has previously avoided using the highly-charged "r-word ...

Smurfit-Stone Reports Third Quarter 2008 Results - PR Newswire

CREVE COEUR, Mo. and CHICAGO, Oct. 22 /PRNewswire-FirstCall/ -- Smurfit-Stone Container Corporation (NASDAQ: SSCC) today reported third quarter 2008 net income available to common stockholders of $62 million, or $0.24 per share. As previously ...

Another stock battering - CNN Money

NEW YORK (CNNMoney.com) -- Another turbulent day on Wall Street left an exhausted Dow down more than 500 points Wednesday, as weak earnings and slumping oil prices amplified fears of a global recession. Global markets slumped. The dollar rallied ...

Tougher sues former owners for $3.6M - Albany Business Journal

Tougher Industries Inc. , a Menands contractor and sheet-metal manufacturer, has filed a multimillion-dollar lawsuit against its former owners. On Oct. 21, the company’s bankruptcy trustee sued Tougher’s former owners— PSEG Energy Technologies ...

Gazprom Warns Crisis May Affect Borrowing After Record Profit - Bloomberg

Oct. 22 (Bloomberg) -- OAO Gazprom , Russia's natural-gas exporter, said it may have trouble obtaining new loans and refinancing debts even after posting record earnings. ``Deteriorating operating conditions for borrowers may also have an impact on ...

Citic Pacific Slump on Possible $2 Billion Forex Loss (Update1) - Bloomberg

Oct. 21 (Bloomberg) -- Citic Pacific Ltd. tumbled the most in 18 years in Hong Kong trading after predicting HK$15.5 billion ($2 billion) in losses from unauthorized currency bets. The unit of China's biggest state-owned investment company dropped as ...

Housing on hold - NWITimes.com

A proposed subdivision Hobart Mayor Brian Snedecor called a model project is on hold because of the current housing and financial market. Developer Robert Stiglich about two weeks ago cited those reasons when he was granted a one-year extension by ...

Gov't revisits forecast - Saskatoon Star Phoenix

The freefalling price of oil -- which dipped under $70 US per barrel Thursday -- is likely to lead to a forecast adjustment when the provincial government revisits resource values in November, says Premier Brad Wall. Recent high prices for ...

Stocks turn higher - CNN Money

NEW YORK (CNNMoney.com) -- Stocks turned higher Friday afternoon, as recession fears were tempered by Google's earnings and bullish comments from influential investor Warren Buffett. Treasury prices rallied, lowering the corresponding yields, and the ...

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