November 23, 2008 News
Citigroup has begun talks with the U.S. government as its plummeting share price raises doubts about the bank’s ability to survive.
U.S. regulators shut down two California banks.
November 22, 2008 News
According to U.S. intelligence, the use of nuclear weapons will become increasingly likely by 2025.
A major earthquake in the United States would prove to be catastrophic, especially Tennessee, according to the Federal Emergency Management Agency.
Madonna’s divorce from Guy Ritchie has begun in London court.
Huge hidden glaciers have been detected on Mars.
November 21, 2008 News
Europe stocks plunge after U.S. jobless data was published.
Oil prices slump under $50 per barrel due to weak demand.
Progress has been made on the mammoth genome.
China warns that the outlook for jobs is grim.
P&G and Google have teamed up to trade knowledge and jobs.
Steve Ballmer (CEO of Microsoft) has dismissed a Yahoo buyout.
The IMF and Nordic countries have pledged US$4.6 billion in loans for Iceland.
The European Union is planning a 130-billion-euro stimulus plan for the economy.
The U.S. is seeking US$300 billion from the Arab Gulf states as financial aid.
November 20, 2008 News
Three big automakers, Ford, General Motors and Chrysler, are pleading for funds to avoid a collapse.
China has become the number holder of U.S. Treasury bonds.
Wall Street celebrated the planned demotion of Jerry Yang on Tuesday, sending Yahoo Inc.’s shares soaring.
November 19, 2008 News
A Saudi supertanker hijacked by Somali pirates has been anchored off the Somali coast.
Yahoo’s Jerry Yang has decided he’s no longer the right CEO for the company.
Half of the world will face a water shortage by 2080 according to experts.
Michael Jackson has been sued by an Arab sheikh.
A new hospital superbug is acinetobacter, which kills 43% of patients who contract it while in intensive care.
Top executives at Goldman Sachs are to forgo bonuses this year.