January 9, 2012
Japan Airlines plans to relist shares in Tokyo
Japan Airlines (JAL) is planning to relist its shares on the Tokyo Stock Exchange as the next step in its recovery from bankruptcy. The company may sell between 500bn yen ($6.5bn, £4.2bn) and 1tn yen of shares, reports have claimed. Should the…
January 9, 2012
Third ratings agency gives Hungary a junk credit rating
Fitch has become the third ratings agency to cut Hungary's credit rating to junk status. The agency blamed "unorthodox policies" for its decision to cut the country's rating from BBB- to BB+. Hungary's centre-right government has been accused of…
January 8, 2012
US economy creates 200,000 jobs in December
The US economy created 200,000 jobs in December, marking the sixth month in a row of gains, official figures show. The rise was much more than expected. Analysts had forecast an increase of about 150,000 jobs. The unemployment rate dropped to 8.5%,…
January 8, 2012
Eurozone unemployment stays at record high
Unemployment in the eurozone stayed at a record high in November as the impact of the sovereign debt crisis rumbled on, according to official figures. The jobless rate in the 17 nations that use the euro was 10.3% in November for the second month…
January 8, 2012
IMF chief qualifies negative global outlook
The International Monetary Fund chief has said that it will downgrade predictions for global economic growth to lower than 4.0% later this month, due to the effects of a widening Eurozone crisis. At a news conference in Pretoria, South Africa,…
January 8, 2012
Yahoo CEO scores $26 million pay package
Yahoo's new CEO is poised to score a rich payday for taking on the troubled company. He's eligible for up to $26 million this year in salary, stock and bonuses. Scott Thompson, formerly the president of PayPal, was appointed Yahoo CEO on Wednesday…
January 8, 2012
IRS comes up $385 billion short
Close to 15% of federal taxes -- or $385 billion -- went unpaid in 2006, according to new estimates by the IRS. That's the net tax gap number -- meaning what didn't get paid even after the $65 billion the IRS managed to collect through audits. And…
January 6, 2012
Apple to launch iPhone 4S in the TCI & other International Countries
The iPhone 4S is set to launch in China and 21 additional countries across the world on Friday, January 13, as Apple continues the rapid international roll-out of its latest smartphone. Apple announced the forthcoming debut of the iPhone 4S in…
January 6, 2012
Samsung expects bumper profits on smartphone sales gain
Samsung Electronics has said it expects to report a big jump in profits for the final three months of last year, thanks largely to record smartphone sales. The South Korean firm said it expects operating profits for the period to be 5.2tn won…
January 6, 2012
Stocks flat after day of big gains
Stock indices were flat Wednesday after a big gain to open the trading year. Specialty stores such as Bed Bath & Beyond rose after a report that mall shopping was strong in the days after Christmas. Bank stocks, health-care companies and…