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Top News: Business
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World-Famous Marks & Spencers Stores Closing 27 Stores in England

Another famous high-end store in England is closing 27 of its stores due to continued revenue and profit downtrend. Marks &Spencer announce the other day that it is also cutting 1,200 employees as a result of the closure of the affected stores.
Published 4 hours ago by Leo Reyes in Business

Satyam Disaster wave leaves even NYSE Halted

Satyam disaster wave has reached far away as even the NYSE was halted in the morning session. Indian software major faces a threat to its' very existence as its' Chairman resigned while admitting to a huge $17 Billion fraud.
Published 5 hours ago by Bodhisattva Banerji in Business

Satyam fallout, SEBI Considers Probe against Others, as well

As the Chairman, Satyam Computers resigned while admitting frauds, the Security and Exchange Board of India considers the option of probe against other software majors as well.
Published 7 hours ago by Bodhisattva Banerji in Business | 2 comments

Lottery Is Sorry That It Made Mistake But Isn't Going To Pay Up

It looked like this was going to be Thomas Noftall's year. The 27-year-old man from Toronto won $135,000 on four scratch-off lottery tickets New Year's Eve. The only problem is the printing company had screwed up.
Published 21 hours ago by KJ Mullins in Business

German Billionaire Kills Self in Light of Financial Woes

Another casualty due to the global economic crisis as one of the world's wealthiest men is said to have committed suicide due to his financial situation. This comes just months after a rash of suicides in the US related to the financial downturn.
Published yesterday by Nikki Weingartner in Business | 5 comments

Immigration 2009 Crackdown Likely to Impact Job Protection

Just as the recession is deepening, the one bright spot is the crackdown on illegal immigration to take place this year. According to a former Ashcroft aide that may make a difference in protecting American jobs.
Published yesterday by Carol Forsloff in Business | 4 comments

Office Lottery Pool? You Better Include Everyone

Claiming a breach of contract, four employees in Piqua, Ohio are suing 14 of their co-workers for failing to share lottery winnings. The four were absent on the day the winning ticket was purchased during an office lottery pool.
Published yesterday by Nikki Weingartner in Business | 4 comments

Hooters Waitress Awarded Benefits After Being Fired For Bruises

A Hooters waitress was awarded her denied benefits in court. Sara Dye had been fired from her job after recovering from an attack because her bruises did not maintain a 'glamorous appearance.'
Published yesterday by KJ Mullins in Business | 1 comment

Alberta: Economic Activity Slowing

Alberta companies servicing the oil and gas frims in the province are closely watching their spending as economic activiy slows in the resource sector.
Published yesterday by Bob Ewing in Business | 4 comments

Nine people freeze to death due to Ukrainian gasbill row

A very cold front, expected to last all week until Sunday, is causing great hardship in eastern-European countries, mainly because of the Ukrainian-Russian gasbill row. in Romania, Poland and Hungary, at least nine people have been found frozen to death.
Published yesterday by Adriana Stuijt in Business | 3 comments
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