Posts Tagged ‘shares’
JAL reports 177.9bn yen loss
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen – [...]
US consumer confidence tumbles in February
US consumer confidence took a dive in February after the closely-monitored Consumer Confidence Index from the Conference Board fell to a 10-month low of 46, down from a revised 56.5 in January.
The index still remains far away from the 90 points required to show that the world’s largest economy is on solid footing.
Furthermore, [...]
US unemployment rate falls to 9.7%
The Labor Department has today revealed that the US unemployment rate fell from 10% in December to 9.7% in January – its lowest level in five months.
According to the Labor Department, employers cut 20,000 jobs last month – many analysts had predicted the economy to add jobs.
US President Barack Obama has pledged to make job [...]
Cost-cutting programme sees further 8,000 jobs go at AstraZeneca
The UK’s second-largest drug maker, AstraZeneca, has announced plans to axe a further 8,000 jobs across its global operations over the next four years.
The reduction in headcount is in addition to the 12,600 worldwide positions that have already been shed as part of the group’s massive cost-cutting programme.
The latest job cuts are to take [...]
Japan Airlines files for bankruptcy
As expected, Japan Airlines (JAL) has today filed for bankruptcy protection.
The airline, which is Asia’s biggest carrier, has been struggling amid the global economic downturn and has been grappling with a mountain of debts of around $16.5 billion (£10 billion).
The Japanese Government has said that flights will operate as normal and the airline will now [...]