Obama to slash US Govts spending
United States President Barack Obama says he will use his first full cabinet meeting next week to find ways to cut Government spending. ...
Obama to urge cabinet to cut spending
US President Barack Obama announced he will convene his first full cabinet meeting on Monday and ask his secretaries for specific plans to cut spending. ...
Mexico granted revamped IMF credit line
The International Monetary Fund IMF has approved a $65 billion line of credit for Mexico under a new scheme designed to provide cash lifelines to countries hit by the global economic downturn. ...
China lays first WTO case against Obama
China has launched the first World Trade Organisation case against the administration of President Barack Obama- challenging a US ban on Chinese poultry. ...
Kleenmaid stock levels still unknown
Administrators appointed to appliance group Kleenmaid are still trying to determine stock levels. ...
Former KGB agent eyeing second UK paper
Alexander Lebedev- the former KGB agent who bought London's Evening Standard newspaper- said he was interested in buying national daily The Independent. ...
$7b pledged for Pakistans fight against militants
Pakistan has secured pledges of more than $7 billion in aid to help it fight off Islamist militancy. ...
GM CEO says bankruptcy probable
GM chief executive Fritz Henderson says a bankruptcy filing is -amp quotprobable -amp quot because of the restructuring goals GM must meet to get more US government loans. ...
Warning on insurance premiums
Tasmanians are warned that insurance premiums could rise because damaging storms are becoming more frequent. ...
US moves to regulate carbon emissions
The US Government has taken a step towards regulating greenhouse gas emissions. ...
Hollywood actors- studios reach cautious contract deal
Hollywood studios and the largest US acting union said they had reached a tentative agreement on a new contract- ending an acrimonious nine-month deadlock and averting a possible film and TV industry strike. ...
CBA exec pay cut plan has sting in its tail
The Finance Sector Union is calling on other banks to follow the lead of the Commonwealth Bank and cut executive salaries to try and save jobs. ...
Record stores ask music lovers to snub downloads
The Australian Music Retailers Association is urging music lovers to today step away from their computers and walk into a music shop to celebrate Record Store Day. ...
West Virginia bank drops out of bailout
A West Virginia bank has become the first to completely cut its ties to the federal government's $US700 billion $A972.02 billion financial rescue program. ...
Oil prices post small gains
World oil prices edged higher on Friday as upbeat US corporate earnings helped ease fears about sinking demand in a weak global economy. ...
Financial innovation 'needs regulation'
US Federal Reserve chairman Ben Bernanke says financial innovation is good for the economy but must be accompanied by proper regulation. ...
Private equity firms buy ailing Polaroid
Bankrupt Polaroid Corp has been bought by a pair of private equity firms. ...
GM CEO says bankruptcy probable
GM chief executive Fritz Henderson says a bankruptcy filing is -amp quotprobable -amp quot because of the restructuring goals GM must meet to get more US government loans. ...
Sony Ericsson to cut 2-000 jobs after losses
STOCKHOLM AFP - Mobile phone maker Sony Ericsson said Friday it would cut 2-000 more jobs after it reported a loss of 293 million euros 384 million dollars in the first quarter- as analysts said the company needed a strategy re-think. ...
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