Posts Tagged ‘business’

The global economic crisis is having its impact on the world of show biz. With people losing their jobs they barely have enough to make ends meet. Those people that would ordinary be watching broad way shows in theatres are now worrying about a gloomy looking tomorrow. Jamison Scott, ... Full story

The German Billionaire Aolf Merckle was one amongst a number of prominent figures that committed suicide in the wake of the global economic crisis. While the world believes that it was the big financial losses that caused the individuals to commit the act, medical health experts say it was deep feelings of shame and not the material losses that triggered the individuals to commit suicide.... Full story

The recent disputes between Russia and Ukraine over the supply of natural gas flared up this Tuesday. Ukraine lashed out at Russia saying that it had cut the supply of natural gas to Europe. Nine countries reported having their gas supplies cut off or reduced by ... Full story

IndyMac Bancorp is one of the biggest banks that have come crashing down due to the subprime mortgage crisis. Now it is all set to be sold off to a consortium consisting of private equity and hedge fund firms.  Federal regulators had declared the bank as being ... Full story

Madoff has cost many investors around the world millions of dollars by running a grand level scam. For Rene Thrierry Magon however the scam cost him his life. The investor who had lost $1.4 billion dollars at the hands of Madoff was found dead in his office on Dec 23 2008. The ... Full story

The economic turndown has caused the Japanese automobile giant Toyota to experience its first loss in over seventy years of operation. The last decade has seen the company experience rapid growth but it was unable to escape the tide of economic recession which ... Full story

The automobile manufacturing giant company Chrysler is facing a tough time as the demand for its cars continues to decline. In a recent conference the company announced that it will be shutting down all of its 30 manufacturing plants for a duration of one month starting from the coming Friday. The US has experienced the most serious decline in auto sales since the past two decades. ... Full story