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Latest news for Environmental and Safety

Tata's Corus to cut work hours of 4,600 staff: report (Reuters)

01-12-2008 20:14

Reuters - Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown, Dutch news agency ANP reported on Monday.

U.S. automakers rush to finish plans for Congress (Reuters)

01-12-2008 20:05

Reuters - U.S. automakers led by General Motors Corp on Monday rushed to finish restructuring plans demanded by Congress before lawmakers reopen the debate this week on the $25 billion in emergency funding the industry says it needs to survive.

JPMorgan to cut 9,200 Washington Mutual jobs (Reuters)

01-12-2008 18:10

Reuters - JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc , which on September 25 became the largest U.S. bank to fail.

Bernanke says Fed has options as rates near zero (Reuters)

01-12-2008 17:52

Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.

Latam stocks fall on news of US recession (AP)

01-12-2008 17:46

AP - Latin American stocks fell sharply on Monday, dragged down by confirmation in the United States that the world's biggest economy has been in a recession.

Dow loses 679.95 as economy, Bernanke revive fear (Reuters)

01-12-2008 17:43

Reuters - Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week's sharp gains, with banks and retailers among Wall Street's biggest casualties.

World markets slump on economic gloom (AP)

01-12-2008 17:36

AP - World stocks slumped Monday, giving up about half of last week's gains after a raft of weak economic data from the U.S., Europe and elsewhere renewed fears that the global economy is in the midst of a prolonged economic downturn.

Manufacturing slumps to 1981-82 recession levels (Reuters)

01-12-2008 17:26

Reuters - Factory activity dropped in November to its weakest level since the 1981-1982 recession and construction spending slumped in October, data showed on Monday, fanning fears of a protracted economic downturn.

Global markets hammered as recession reality sinks in (AFP)

01-12-2008 17:09

AFP - A fresh wave of selling hit global stock markets Monday as weak economic news from around the world and confirmation of a US recession prompted a massive pullback from last week's gains.

Stocks slide as economy, Bernanke raise fears (Reuters)

01-12-2008 16:37

Reuters - Stocks tumbled on Monday as news pointing to the deepening economic slump around the world erased much of last week's sharp gains, with financial services companies and retailers among Wall Street's biggest casualties.

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