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Archive for January 15th, 2008Citigroup reveals 10 bln dlr loss; taps foreign investorsPosted by UK Economy News
In UK financial news
15Jan 08 US banking giant Citigroup blamed the housing slump Tuesday for a huge quarterly loss of 9.83 billion dollars, as it told anxious shareholders it had won fresh capital from mainly foreign backers.
Read full story Equities sink worldwide on recession fearsPosted by UK Economy News
In UK financial news
15Jan 08 World stock markets fell sharply on Tuesday, with the Dow Jones industrials posting triple-digit losses, as worries deepened over the magnitude of the global economic slowdown following weak readings on the consumer front and further losses at several major banks.
Read full story Comments Off Citigroup has huge loss and cuts dividendPosted by UK Economy News
In UK financial news
15Jan 08 Citigroup said on Tuesday it plans to raise $14.5 billion (7.4 billion pounds), slash its dividend and cut 4,200 jobs to shore up its balance sheet after a write-down for mortgages led to a record $9.83 billion quarterly loss.
Read full story Comments Off Apple launches thin laptopPosted by UK Economy News
In UK financial news
15Jan 08 Apple unveiled a lightweight laptop about three-quarters of an inch thick on Tuesday and said it would rent movies over the Web, moving the iPod maker into a very competitive market.
Read full story Comments Off Jobs unveils wireless backup devicePosted by UK Economy News
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15Jan 08 Apple Inc chief Steve Jobs unveiled on Tuesday a wireless backup device for Macintosh computers called "Time Capsule," with models costing $299 and $499 (152 and 254 pounds).
Read full story Comments Off Apple says has sold 4 million iPhonesPosted by UK Economy News
In UK financial news
15Jan 08 Apple Inc's chief Steve Jobs said on Tuesday the company had sold 4 million iPhones and he announced updated services for the device.
Read full story Comments Off Apple shows high-def Apple TV, focus on moviesPosted by UK Economy News
In UK financial news
15Jan 08 Apple Inc Chief Executive Steve Jobs on Tuesday introduced a new version of the company's Apple TV product aimed at making it easier to watch movies delivered over the Internet.
Read full story Comments Off Greenspan to advise New York hedge fundPosted by UK Economy News
In UK financial news
15Jan 08 Alan Greenspan, a former Federal Reserve chairman, is joining the hedge fund Paulson & Co. as an adviser, the New York-based company said Tuesday.
Read full story Comments Off German unions say Nokia plant closure threatens western regionPosted by UK Economy News
In UK financial news
15Jan 08 A confederation of German unions warned Tuesday that a decision by Finnish group Nokia to close its plant in western Bochum threatened the region's economic future.
Read full story Comments Off Wal-Mart to open stores that use less energyPosted by UK Economy News
In UK financial news
15Jan 08 U.S. retail leader Wal-Mart Stores said on Tuesday that it will open stores that use 25 percent less energy than its baseline supercentre.
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