Thursday, October 9, 2008 The head of the International Monetary Fund (IMF) says the world is on the brink of a global recession but predicts the economy will begin to recover by late 2009. Dominique Strauss-Kahn, Managing Director of the IMF, stressed nations must work together to avert a global recession and warns there is […]
Tuesday, September 12, 2006 News Corp. has purchased a controlling interest in Jamba, the ringtone company created by VeriSign. The $188 million give News Corp. a 51% interest in the public-owned company. Jamba, and its American brand Jamster, will be merged into News Corp.’s Mobizzo. Mobizzo sells short video clips of television series. It is […]
Wednesday, July 18, 2007 Metronet, a company set up to manage the upgrade of three-quarters of London’s tube network, has gone into administration (which is similar to Chapter 11 in the United States) after having accrued debts of up to £2 billion, following the decision on Monday to limit the amount of extra funds that […]
Saturday, January 9, 2010 United Parcel Service (UPS), the world’s largest package delivery service, has announced that it will cut 1,800 administrative and managerial jobs. The firm, based in Atlanta, Georgia, is to reorganise its five regions into three, and slash the number of districts to twenty from 46, in addition to the job cuts. […]
Wednesday, December 14, 2005 These are short blurbs about current events in the business world. Contents 1 A World Bank lead economist speaks on Bird Flu 1.1 Sources 2 Gold prices drop 2.1 Sources
Wednesday, March 7, 2007 A court in Istanbul has issued an order to block all access to YouTube in Turkey, after a series of insults between Greek and Turkish users of the site escalated. The largest internet provider and privatised state company, Türk Telekom, has put the order into effect, while some smaller internet providers […]
Wednesday, August 16, 2006 Google on Wednesday inaugurated a free city-wide Wi-Fi system in its home town of Mountain View, California. Google insisted that it had no plans to offer a similar service nationwide. Most residents of Mountain View, can connect to the Internet via a Mesh Wi-Fi network for free. Google said that its […]
Saturday, May 6, 2006 Early Saturday morning winds up to 90 miles per hour struck Waco, Texas and central McLennan County, United States, causing widespread damage and leaving many households without electricity. No deaths or serious injuries have been reported; however, there is a tremendous amount of damage in 15 areas of the city, leading […]
A view of the Leonard Zakim bridge from the construction site. The warehouses at right will be replaced by a five-acre park within two years. The elevated roadway in the foreground is the John F. Gilmore Bridge. Wednesday, March 23, 2005 Cambridge, Massachusetts —Construction of two condominium buildings and a five-acre park began on March […]
Friday, May 26, 2006 Brampton, ON — On Wednesday, May 31 at 6:30 p.m., sculptor Alvaro Cervantes will host a meet and greet at the Visual Arts Brampton Creative Studio. Cervantes will be showing his precise sculptures to guests, and promoting his upcoming multi-week workshop at the studio. The course is open to students who […]