Gannett Co Inc will force employees to take a new round of furloughs in April, May and June to save money as newspaper advertising revenue slides, according to a memo obtained by Reuters.
The videogame sector is looking for a resurgence this year through casual users and programs for mobile phones, themes that will be underscored this week at one of the industry's most closely watched events.
U.S. stocks jumped more than 4 percent on Monday after long-awaited details from the Obama administration on its plan to remove distressed assets from bank balance sheets fueled optimism it will spark a revival in lending, driving up financial shares.
Investment bank JPMorgan Chase & Co said on Monday it had no plans to purchase new corporate jets or build an airport hangar until it has repaid the funds it got through the U.S. governments Troubled Asset Relief Program .
General Growth Properties Inc , the second largest U.S. mall owner, said on Monday that its subsidiary Rouse Co LP would extend the deadline to reach an agreement that could allow it to skip payments on more than $2 billion of debt
Short-selling should be regulated as some practices may create disorderly markets during extreme financial turmoil, a global body of supervisors said on Monday.
Stocks jumped on Monday, with the Dow and S&P 500 gaining 4 percent after the U.S. government released the details of a plan to clean out toxic assets from banks' balance sheets.
Oil jumped more than $1 to above $53 a barrel on Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.
The Dutch Finance Ministry will seek to curtail bonuses among senior management at financial companies receiving government support, while ING is asking some staff to give back their 2008 bonuses.
Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.
Oil jumped more than $1 to above $53 a barrel Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.
Stocks rose on Monday after the U.S. government released the highly anticipated details of a plan to clean out toxic assets from banks' balance sheets, a key part of the government's efforts to revitalize the recession-hit economy.
Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.
The pace of sales of existing home in the U.S. rose 5.1 percent in February to a 4.72 million-unit annual rate, rebounding from the previous month's drop, while home prices fell again the National Association of Realtors said on Monday.
Stocks extended gains on Monday, sending the benchmark S&P 500 up more than 3 percent, following a report that showed sales of existing homes rebounded in February.
The Nano, the world's cheapest car, will hit Indian roads in July, with expectations that demand from millions of aspiring car owners will far outstrip supply.
The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is expected to far outstrip supply as the price tag of around $2,000 draws legions of new buyers.
Oil rose above $52 a barrel on Monday, supported by a weak dollar and rising stock markets after the United States gave details on its plan to remove toxic assets from bank balance sheets.
Stocks extended gains on Monday, sending the benchmark S&P 500 up more than 3 percent, following a report that showed sales of existing homes rebounded in February.
The U.S. Treasury Department on Monday rolled out detailed plans for persuading private investors to help rid banks of up to $1 trillion in toxic assets that are seen as a roadblock to economic recovery.
Big Japanese manufacturers have grown increasingly bleak about business conditions in the last three months, suggesting a key central bank survey due next week could show the corporate mood is at its worst in about 34 years.
The pace of sales of existing home in the U.S. rose 5.1 percent in February to a 4.72 million-unit annual rate, rebounding from the previous month's drop, while home prices fell again the National Association of Realtors said on Monday.
