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UK aerospace to face 10% job cut

And Now its UK’s Aerospace turn of  job cuts. Its pretty disappointment what recession has led to the world. To start with, recession occurred as many bank’s  in USA failed leading to many global job cuts, low sales, low turn overs all across the world. Many suffered this so called Apocalypse of  job cuts. Millions of people future is at ... Read More »

Prepare yourself cause Indian and chinese kids are coming: Obama to Americans

USA president Barack Obama today warned the Americans about the decreasing Educational standards and emphasizing them to improve it cause indians and chinese are really coming hard on them. Obama in his speech particularly looked concerned with the falling Educational standards of his country. Obama said “it was used to be head and shoulders difference between USA and other countries, ... Read More »

World Bank forecast worst slump in economy

The big build-up by the country politicians across the globe, “that the recession is over and the recovery is on”  has now been demolished by the statement given by world bank. World Bank reports that the worst ever slump in economy is about to happen this year and to an extend in next year. This reports will surely bring the ... Read More »

Fraud charge for former countrywide boss

The former boss of countrywide financial, Angelo Mozilo has been charged under Civil fraud  and  insider trading by the securities and Exchange  commission. Along with him, two other former executives have also been charged under civil fraud. Mr.Angelo Mozilo was ofcourse the original founder of the countrywide financial in early 1969.He is the highest profile executive to face such a ... Read More »

GM files for bankruptcy, Chrysler sale cleared

General Motors Corp filed for bankruptcy on Monday, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The bankruptcy filing is the third-largest in U.S. history and the largest ever in U.S. manufacturing. The decision to push GM into a fast-track bankruptcy and provide $30 ... Read More »

Sun Microsystems not as bright as Sun

Sun microsystems has reported a huge loss which is more compared to the losses it posted last year. Last year the company reported a net loss of  $34 million on revenues of $3.27 Billion. This year the loss only seems to have dramatically increased to $201 Million on the revenues of $3.27 billion. This news comes in light of Oracle ... Read More »

Uk richest hit by recession

Till today people from all over the world has been hit very bad on the living thanks to the Recession last year.This dreadful period still continues leaving every company on its verge of dismissal from the markets. No company has standed to this recession except gaming industry which continues to earn millions. And now the nightmare of recession has hit ... Read More »