Global Investment News Roundup Wednesday, January 7th, 2009
Contrarian Profits (January 7th, 2009) Writes:
Alcoa Cuts 13% of Workforce; Best Buy to Sell Used iPhones; Jobs’ Statement Earns Apple Upgrade; India Exports Slowing Dramatically; Europe Inflation at 2-Year Low; U.S. Still Innovation Leader; Belarus to Secure IMF Aid
Alcoa Inc. (AA) said late yesterday (Tuesday) that it will cut 13% of its global workforce. The company will also sell four business units, cut output, freeze salaries and hiring efforts, MarketWatch reported. The measures will result in a fourth-quarter charge of $900 million to $950 million after tax, or $1.13 to $1.19 a share. Electronics retail Best Buy Co. (BBY) said it will sell used Apple Inc’s (AAPL) iPhone 3G -returned 30 days of ...3g, A. Sakthivel;, Alcoa Inc, Apple Inc, Belarus, Best Buy Co, bloomberg, contrarian profits, Europe, European Central Bank, Federation of Indian Export Organizations;, Georgia, Hungary, INSEAD, International Monetary Fund, Latvia, Market Commentary, Oil Prices, Oppenheimer, Paris, Reuters, Steve Jobs, The Financial Times, Ukraine, United States, USD, Wal Mart Stores Inc


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