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Russia and Ukraine hold gas crisis talks
The heads of Russian energy giant Gazprom and Ukraine's state-run gas company Naftogaz were in Brussels, Belgium, Thursday for talks with the European Union on the natural gas crisis.
Obama: Long recession if aid package delayed
U.S. President-elect Barack Obama will urge Congress to move quickly on his economic aid package once he takes office, warning that a failure to do so would have devastating long-term consequences for America.
Indian computer giant delisted after scandal
India's main stock exchange -- the BSE SENSEX -- delisted Satyam Computer Services from its indices Thursday, a day after the company's chairman resigned saying he had inflated the company's profits for years.
UK interest rates hit 300-year low
The Bank of England has cut the interest rate to its lowest-ever level, the bank announced Thursday, slashing it to 1.5 percent.
Japan's TDK to slash 8,000 jobs
Electronic components maker TDK Corp. said Thursday it will slash 8,000 jobs worldwide and shut down four of its plants as it readies to post its biggest annual net income loss.
Automakers face grim job reports
A rebound in sales will be difficult, if not impossible, to come by for General Motors, Ford Motor and Chrysler LLC as long as the unemployment rate keeps rising.
Continental, Boeing test biofueled jet
A Continental Airlines jetliner flew with one engine powered by a mix of oils from algae and jatropha plants Wednesday in what the plane's manufacturer called an "outstanding" test flight.
Football faces sponsorship cuts head-on
These are tense times for the English Premier League.
Lenovo to cut 2,500 jobs, restructure
Personal computer maker Lenovo, expecting to report a loss for the third fiscal quarter ending December 31, announced it would cut 2,500 jobs as part of a restructuring expected to save $300 million.
Obama to call for 'urgent action' on economy
President-elect Barack Obama on Thursday will call for "urgent action" on a plan to jumpstart the economy, his transition office said.
Cached at: 1/8/2009 6:14:52 AM
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