The united stated economic crisis affecting the education sector.
Harvard University’s endowment decreased 22 percent, or $8 billion, in the first four months of fiscal 2009, putting the fund on course to have its worst performance in at least four decades.
The decline came in the four months through October, according to a letter dated yesterday by [...]
News about U.S “deep” recession. The Unites States economy activity is getting worse since Mid-October until now. I post some useful news here, this post come from bloomberg.com.
(Bloomberg - 3 dec) — The U.S. economy weakened across all regions since the middle of October as it became tougher to get loans and demand for credit [...]
This news come from guardian.co.uk, you may read the original post here.
NEW YORK, Dec 3 (Reuters) - U.S. private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.
Wednesday’s reports were the latest [...]
International Business Machines Corp., which disclosed stronger-than-expected preliminary fourth-quarter results earlier this week, said net income for the period surged 12% despite a slowing U.S. economy. It also gave a 2008 earnings forecast that was above Wall Street’s expectations.
IBM, regarded as a barometer of capital spending, reported net income of $3.95 billion, or $2.80 a [...]
Despite many major airlines sinking under record high oil prices, Continental is flying high due to its strong traffic on its trans-Atlantic and domestic flights.
Continental Airlines was slated to report its fourth-quarter and full year results on Thursday, but said its final figures won’t be posted until mid-February due to calculation changes stemming from a [...]
Weakness in the U.S. economy is seeping into most all businesses, even Swiss pharmaceutical company, Novartis.
Novartis (nyse: NVS - news - people ) released its fourth-quarter and full-year results on Thursday, and blamed its 42.0% profit decline on weak performance in the U.S. and restructuring costs. The company said that cutting 2,500 jobs worldwide resulted [...]
By Saul Hansell
The economy may be teetering, but the personal computer business is still nimbly running at full speed, according to the tally of sales in the fourth quarter of 2007 from International Data Corp. Worldwide, 77.3 million PCs were sold in the quarter, up 15.5 percent from the fourth quarter of 2006. That represents [...]
TIANJIN, CHINA - Japanese Prime Minister Yasuo Fukuda on Saturday visited Tianjin, one of China’s fastest-growing cities, with the hopes of Tokyo’s business leaders on his shoulders.
Fukuda, who is on his second official day of a four-day tour in China, held talks and lunched with the top official of Tianjin, Zhang Gaoli.
Fukuda told Zhang that [...]
BUSINESS failures in Wales rose sharply in the last quarter (Q4) of 2007, bucking the UK average trend which saw a significant fall.
According to business information firm Experian the total number of firms going bust in Q4 of 2007 – 4,674 – was down 20% on the same period of 2006. However, in Wales there [...]
