(PTI): Giant heavy equipment maker Caterpillar says it is cutting about 2,500 jobs in the US but will also rehire 550 laid-off workers. The 2,500 employees who are losing their jobs had been previously laid off, but were notified on Monday that they would not be returning to work. “The company is offering a separation [...]
Giant heavy equipment maker Caterpillar to cut about 2,500 jobs in the US
Published in October 30th, 2009
Posted by The Business Time in Business
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European markets fall at record level
Published in October 30th, 2009
Posted by The Business Time in Business
(PTI): European markets have fallen, mainly because of disappointing results from Spain’s Banco Santander and an unexpected fall in US home sales. European banks were among those taking most points off the index. Banco Santander, which is known as the euro zone’s biggest bank by market value, fell 3.4 percent after
Obama signs $680 billion military budget bill
Published in October 29th, 2009
Posted by The Business Time in Business
(PTI): US President Barack Obama has signed a 680-billion-dollar military budget bill, saying his campaign to curb Pentagon waste is feasible. “I have always rejected the notion that we have to waste billions of dollars of taxpayer money to keep this nation secure,” Obama said, before signing the defense authorization
Afghans protesters burn effigy of Obama on burning Holy Quran
Published in October 26th, 2009
Posted by The Business Time in World
(PTI): Hundreds of Afghan university students have protested against foreign troops for alleged burning of a copy of Muslim holy book of Quran. Around 1,000 protesters marched through the streets of the capital city of Kabul before gathering in front of the Afghan Parliament building. The angry people also set on fire an effigy of [...]
Israel attack on Al-Aqsa masjid again
Published in October 26th, 2009
Posted by The Business Time in World
(PTI): Israeli police have invaded the Al-Aqsa masjid for the second time in recent weeks, which has prompted clashes with Arab worshippers, Israeli and Palestinian officials have said. Hundreds of Israeli forces have been deployed to seal off the compound confining hundreds of worshippers inside the holy masjid. Israeli Police spokesman Micky Rosenfeld said 12 [...]
Israel plans to expel Palestinian Arabs from their lands: Israeli PM Netanyahu
Published in October 26th, 2009
Posted by The Business Time in World
(PTI): Israeli Prime Minister Benjamin Netanyahu has openly voiced the Israeli government’s plans to expel indigenous Palestinian Arabs from their occupied lands. Netanyahu stressed that Palestinians should recognize Israel as a Jewish state in order to end their conflict. “That’s right,” Netanyahu told The Washington Post when asked if such
