(PTI): Japan Airlines’ (JAL) management has formally announced it will file for bankruptcy protection, a move described as one of the country’s largest bankruptcies.
The decision to file for bankruptcy in Tokyo was made at a meeting of the giant carrier’s board of executives, Kyodo news agency announced Tuesday, quoting an unnamed More…
(PTI): Three banks in the United Sates have been shut down by state regulators, bringing the total number of bank failures in 2010 to four.
Town Community Bank and Trust of Antioch, Illinois and St. Stephen State Bank of St. Stephen, Minnesota have failed, the Federal Deposit Insurance Corporation said on Friday. The Barnes Banking Company of Kaysville, Utah, has also been seized, the Corporation More…
(PTI): The US President pledges to double exports over the next five years to help create jobs, announcing new export goals during his State of the Union Address.
“We will double our exports over the next five years, an increase that will support 2 million jobs in America,” Obama said Wednesday during his first State of the Union address More…
(PTI): Toyota has frozen the sale of eight models of its cars in the US in response to growing concerns over their potentially defective accelerator pedals.
The world’s premier automaker declared that as of February 1 it would cease the production of some of its popular models, including the Camry, in order to resolve the defect in sticking gas pedals. The suspension came one week after the Japanese carmaker recalled 2.3 million More…
(PTI): Japan Airlines shares have plummeted to a record low on the year’s last trading day following speculation that the South Asian flag carrier is to seek bankruptcy.
Japanese stocks fell the most in three weeks on Wednesday as nervous investors continued to unload shares of struggling Japan Airlines Corp (JAL). JAL shares dropped 24 percent More…
(PTI): Russian hackers reportedly have stolen tens of millions of dollars from Citigroup, a claim rejected by the US banking giant.
Citing anonymous government officials, the Wall Street Journal reported that the hackers, related to a Russian cyber gang, attacked Citigroup’s computer systems More…
