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Japan the latest economy to fall into recession as exports drop off

Japan became the latest country yesterday to succumb to the disintegrating global markets and fall into recession, its first since the technology bubble burst seven years ago.

Fears of rights issue at Wolseley as plumber cuts another 2,300 jobs

Wolseley, the troubled plumbing and building materials group, yesterday refused to rule out the need for a rights issue next year as the company struggles against what it described as "unprecedented circumstances".

US shares plunge to five-year low
Wall Street plunges more than 5% on Wednesday to its lowest level in over five years on rising economic worries.
Building supplies firm Wolseley to shed 2,000 jobs

Plumbing and building supplies firm Wolseley today announced plans to cut 2,000 jobs and close more than 200 branches in the UK and Ireland.

Cancel that Ferrari order! Top banks axe bonuses for their executives
UBS and Goldman Sachs will not pay bonuses to their top executives in 2008, the banking giants reveal.
Spain shocked by Russian move to buy stake in its energy giant Repsol

Spain responded with shock bordering on panic yesterday to the suggestion made in Madrid by Russia's deputy prime minister that Gazprom might buy a stake in the energy conglomerate Repsol YPF.

Neighborhood America Celebrates Role in NBA 'Brotherhood' Campaign that Earns Adidas Second Mobile Marketing Association Global Award
... dialogue around their brand, and gain continued business intelligence. Brands such as Scripps Networks, FOX ... Association's global headquarters are located in the United States and it has regional chapters including (LATAM), ...
New Star renegotiates loans and axes jobs as billions wiped off asset values

New Star Asset Management, the group that became famous for making its secretaries millionaires when it listed, has renegotiated the terms of its loans and is preparing to slash £20m of costs, as it blamed the economic crisis for a disappointing quarterly performance.

CHMP confirms original opinion on...
... to file for marketing authorization in the United States and in the European Union next year. ... forward-looking statements concerning the Company and its business. Such statements involve certain risks, uncertainties and ...
EasyJet reports sharp fall in profits

Budget airline easyJet PLC reported a 45 per cent drop in full-year profits today as higher fuel costs offset a strong gain in revenue.

Syrian business
Long-isolated Syria warms to tourism in Damascus
Man behind the putsch:'I'm the forward guard for a much bigger machine'

Stefan Allesch-Taylor left school at 18 and entered stockbroking. It was Black Monday in 1987 and he admits that for five years he thought he had caused the stock market crash. Now he is advising the would-be managers of HBOS on how they can help the bank survive an even greater crash.

Downturn sees sharp rise in wage freezes

The number of manufacturing firms freezing pay or deferring wage increases has risen sharply to almost one in four in the last three months, a new report revealed today.

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