Logitech to Slash Jobs Withdraws Financial Targets
bloomberg.com — By Andrea Tan and Allan Lopez Jan. 6 (Bloomberg) -- Logitech International SA, the world’s biggest maker of computer mice, withdrew its fiscal 2009 financial targets and said it will cut 15 percent of its salaried workforce because of the deepening ........More… (Business)
Gazprom Reduces Deliveries of Gas Through Ukraine
nytimes.com — By ANDREW E. KRAMER MOSCOW - Gazprom, the Russian gas monopoly, on Monday reduced deliveries of gas for transit through Ukraine to Western European customers, saying that it was seeking to make up for gas stolen by Ukraine......More… (Business)
Madoff Sons Reported Jewelry Violations to US Lawyer Says
bloomberg.com — By David Glovin Jan. 6 (Bloomberg) -- The sons of Bernard Madoff, who is accused of orchestrating a massive Ponzi scheme, told prosecutors last week that their father violated a court-ordered asset freeze by mailing them jewelry, watches and other ........More… (Business)
Caterpillar bringing new plant to Arkansas
businessweek.com — By CHUCK BARTELS Caterpillar Inc. is to spend $140 million and hire 600 workers for a new road grader plant in North Little Rock -- an announcement Monday that marked yet another new employer coming to central Arkansas......More… (Business)
Hedge Funds Will Be Ruined by Withdrawal Limits
bloomberg.com — Jan. 6 (Bloomberg) -- Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather turns rough?.....More… (Business)
Mosaic profit up will cut fertilizer output
uk.reuters.com — NEW YORK, Jan 5 (Reuters) - North American fertilizer company Mosaic Co (MOS.N) said on Monday its quarterly profit jumped, boosted by rising potash and phosphate sales, but said it would cut output and expected weak results for its current quarter......More… (Business)
House panel postpones financial bailout hearing
uk.reuters.com — By John Poirier WASHINGTON (Reuters) - A US congressional panel postponed a Wednesday hearing on the Treasury Department's use of a $700 billion financial bailout fund and priorities of president-elect Obama's administration, the House Financial ........More… (Business)
Microsofts Muglia Makes Comeback
online.wsj.com — By NICK WINGFIELD and ROBERT A. GUTH In a comeback that highlights one of Microsoft Corp.'s fastest-growing businesses, Bob Muglia -- who seven years ago was demoted -- is entering an elite tier of executives at the software company......More… (Business)