Banker becomes business minister
Wednesday, January 14th, 2009Standard Chartered Bank chairman Mervyn Davies becomes a life peer and joins Gordon Brown’s government.
Archive for the ‘Finance’ Category
Wage cuts for 300 Seagate staff
Wednesday, January 14th, 2009A third of employees at Seagate in Londonderry are to have their pay cut by 10% in a bid to cut costs.
Dollar pares gains after weak U.S. retail sales data (at Reuters)
Wednesday, January 14th, 2009European shares fall further after US retail sales (at Reuters)
Wednesday, January 14th, 2009UPDATE - Irish PM Cowen denies report he may need to call in IMF (at Reuters)
Wednesday, January 14th, 2009Stock futures lower after retail sales report (AP)
Wednesday, January 14th, 2009Stock futures are extending their losses following a government report showing a worse-than-expected decline in retail sales.
Ahead of the Bell: Dr. Pepper Snapple estimate cut (AP)
Wednesday, January 14th, 2009A challenging beverage environment and the loss of a drink deal will weigh on Dr. Pepper Snapple Group Inc. in 2009, an analyst said Wednesday as he cut the beverage maker’s full-year earnings forecast.
Stock futures tumble after grim retail sales (Reuters)
Wednesday, January 14th, 2009Stock index futures hit a session low on Wednesday after government data showed retail sales fell more than expected in December, signaling a further drop in consumer spending, a key driver of corporate profits.
Jaguar Land Rover cuts 450 staff
Wednesday, January 14th, 2009Jaguar Land Rover announces it is cutting 450 jobs, including 300 managers, due to “severe reduction in demand”.
Small business loan plan unveiled
Wednesday, January 14th, 2009A plan to guarantee up to £20bn of loans to small and medium-sized firms to help them survive the downturn is unveiled.