Sydney -
In an unprecedented outburst which does nothing for the credibility of the journalistic profession, the National Union of Journalists UK has accused News International of “throwing arrested journalists to the wolves”.
Beijing -
Most Canadian natural resources sector are set to become a primary target for Chinese manufacturers by mid 2012 following China’s extended economic interest in the country’s resources.
Prosperity -
Imagine living day in and out not knowing you were dead?
That's what Arthur Livingston recently discovered. In Oct. the Prosperity, S.C. man tried to obtain a loan from a mortgage company. It was at that time he learned he had been declared "dead."
The financially struggling USPS is one step closer to gasping for survival as it announced a $3.3 billion net loss yesterday for the last fiscal quarter.
New York -
PepsiCo Inc. officially announced that it plans to cut 8,700 jobs, or approximately three percent of its workforce. It will also increase marketing spending by about $600 million. This restructuring is estimated to save the company $1.5 billion by 2014.
The fourth quarter figures are in for Groupon, and while their revenue exceeded projections, their stock prices still took a tumble this week. In fact, the stock dropped by as much as 15% during Wednesday's trading.
Oak Brook -
Fast-food giant McDonald's Corp. has announced their Jan. sales were better than had been anticipated.
Last month McDonald's had predicted 5.5 to 6.5 percent growth.
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