World Growth Prospects “Worst for 60 Years” – IMF
In October, the International Monetary Fund (IMF) predicted that the world economic growth for 2009 will be 2.2 percent – yesterday it revised this outlook to just 0.5 percent growth for 2009. More
Government Plan to Help Struggling Japanese Companies Boosts Stock Prices
Japan’s government announced that it will provide pubic money to companies struggling to deal with the economic crisis resulting in a nearly 5 percent gain in the Nikkei index. More
Ford Loses $5.95 B in 4tH Quarter
Ford Motor Co. announced this morning that it lost $5.95 billion in the fourth quarter of 2008 as revenue fell 36 percent from the fourth quarter of 2007. More
U.S. Jobless Claims Reach Record High
The U.S. Labor Department reported this morning that the number of Americans claiming unemployment benefits for the week ending January 17th was a seasonably-adjusted 4.78 million – this is the highest number since records were first kept in 1967. More
