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Archive for November 26th, 2007Citigroup planning ‘large’ job cuts: reportPosted by UK Economy News
In UK financial news
26Nov 07 Citigroup, America's second biggest banking group by market worth, is planning "large" job cuts just seven months after it announced a mass layoff of 17,000 employees, a media report said Monday.
Read full story Fox Interactive to extend ad serving networkPosted by UK Economy News
In UK financial news
26Nov 07 News Corp's Internet division plans to launch an online network as early as the first half of next year to sell advertising across Rupert Murdoch's sprawling empire and even to other media companies.
Read full story Comments Off Oil falls on prospect of supply increasePosted by UK Economy News
In UK financial news
26Nov 07 Oil fell on Monday on expectations OPEC may increase output to help stem a record rally that has sent prices near $100 a barrel.
Read full story Comments Off Key Telecom Italia shareholder proposes new company chiefsPosted by UK Economy News
In UK financial news
26Nov 07 Italian bank Mediobanca said Monday that it had proposed a new chairman and chief executive for Telecom Italia following seven months of squabbling among the operator's shareholders.
Read full story Comments Off VW supervisory board head focus of prosector’s enquiryPosted by UK Economy News
In UK financial news
26Nov 07 The head of Volkswagen's supervisory board Ferdinand Piech has become a focus of enquiries by German justice officials who are probing a corruption scandal at the biggest European car maker.
Read full story Comments Off British Prime Minister Gordon Brown reassures on economyPosted by UK Economy News
In UK financial news
26Nov 07 British Prime Minister Gordon Brown, faced with domestic political troubles, told business chiefs Monday that his government would guide the economy through the turmoil gripping financial markets.
Read full story Comments Off Short sterling lower after Bank commentsPosted by UK Economy News
In UK financial news
26Nov 07 British short sterling futures fell on Monday after hawkish comments from Bank of England chief economist Charles Bean and as an end to the Northern Rock crisis appeared to be in sight.
Read full story Comments Off Oil prices make fresh assault on 100 dollars, then slidePosted by UK Economy News
In UK financial news
26Nov 07 Oil prices breached 99 dollars a barrel Monday as the markets fretted over tight crude supplies globally, before sliding on profit-taking amid rumours that OPEC may decide to increase output.
Read full story Comments Off US holiday sales see brisk startPosted by UK Economy News
In UK financial news
26Nov 07 The holiday shopping season viewed as crucial for US economic momentum got off to a robust start as consumers shrugged off worries about high fuel prices and weak housing, surveys showed.
Read full story Comments Off Virgin sees Northern Rock loan repaid in 2-3 yrsPosted by UK Economy News
In UK financial news
26Nov 07 A consortium led by Virgin Group expects to fully repay Northern Rock's emergency loans from the Bank of England in two to three years, according to the proposed head of the bank under Virgin's offer.
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