Posts Tagged ‘announcement’

EU preparing for a rescue plan for Spain

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – Spain is reportedly in talks with European authorities for a fresh round of rescue plan to be announced next week. The Financial Times reported on Friday that the EU is setting the stage for a rescue plan for Spain and unlimited bond purchases by […]

Dodge withdraws from NASCAR; ends 11-year run

After 11 years of racing, Dodge formally announced Tuesday its withdrawal from all NASCAR events at the end of the season.The announcement came as a surprise as Dodge recently unveiled its 2013 Charger at Las Vegas Motor Speedway in March. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

European Central Bank (ECB) president Draghi readies bond buying plan but offers no specifics

Nathan Andrada – Fourth Estate Cooperative Contributor Frankfurt, Germany (4E) – European Central Bank (ECB) president Mario Draghi on Thursday revealed the possibility of the ECB intervening in the bond market to battle the crisis, although he never offered any concrete action. People expecting for a grand solution were left disappointed by Draghi’s statement in […]

Facebook’s quarterly earnings to be released this week

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – In its first quarterly earnings reports since its public listing two months ago, social media Facebook is expected to post disappointing numbers. The announcement on the company’s performance this week follows one of the most highly anticipated initial public offerings in […]

JP Morgan Q2 earnings down by 8.7 percent

JP Morgan Chase’s second quarter revenue fell by 17 per cent that saw its quarterly earnings decline by 8.7 per cent at $ 4.96bn, which was slightly lower than the previous quarter. The eagerly anticipated quarterly profit announcement comes at the back of news of a $ 4.4bn trading loss by the bank’s London offices. […]

Sony to lay off 10,000 workers after $6.4B loss

Sony’s new CEO Kazuo Hirai announced Thursday that 10,000 employees will be laid off in fiscal 2012. The statement follows the company’s earlier announcement that it expects to post a loss of $ 6.4 billion for the fiscal year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Spirit Airlines to launch twice-daily flights from McCarran to Mesa, Ariz.

The fastest growing commercial air carrier at McCarran International Airport in 2011 will have a head start toward keeping that status next year with the announcement of two new flights beginning in February. View full post on Business Stories

Government of Canada Invests in eSentire to help Safeguard Global Network Security

Cambridge, Ontario – Business networks will have access to better resources to protect them from cyber crimes, thanks to a Government of Canada investment in the rapidly growing technology company eSentire. The announcement was made today by the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). […]

Alphabank and Eurobank merger to form the Greece’s largest bank

Diane Alter – AHN News Reporter Athens, Greece (AHN) – Greek stocks rose Monday on merger news that the nation’s second and third largest banks, Alphabank and Eurobank, agreed to combine in a deal that will create the nation’s largest bank. The announcement of the deal sent shares on the Athens Stock Exchange rising 10 […]

HSBC to cut 25,000 to 30,000 jobs

Britain-based Hong Kong and Shanghai Banking Corporation will cut about 10 percent of its total workforce by the end of 2013. The announcement made on Monday means that 25,000 to 30,000 HSBC employees will be laid off. View full post on Banking Stories