Chemical Firm LyondellBasell May File Chapter 11
The Netherlands, Jan. 2, 2009--The financial crisis continues in the chemical industry as reports have started emerging that LyondellBasell Industries AF may file for bankruptcy protection.
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Berkshire Hathaway Has Worst Year in Decades
New York, NY, Jan. 2, 2009--Shares of Berkshire Hathaway Inc. fell 32 percent last year, the worst performance in more than three decades, according to a Bloomberg story.
Tile Market in Northern Ireland Reassures Workers
Belfast, Ireland, Jan. 2, 2009--Staff at all 12 Tile Market outlets in Northern Ireland have been assured that their jobs are safe despite the fact that a sister company in the Republic has run into trouble.
Interface To Cut 14% of Employees, Close Plant
Atlanta, GA, Dec. 31, 2008--Interface Inc. said Tuesday it will restructure its worldwide operations, cut 14 percent of its workforce and close a plant in response to falling demand.
Mohawk Closing Calhoun Spun Yarn Plant
Calhoun, GA, Dec. 31, 2008--Mohawk Industries has announced plans to discontinue operations at the company's Calhoun, Ga. spun yarn manufacturing facilities, according to reports.
Mortgage Applications Volume Remains High
Washington, DC, Dec. 31, 2008--Demand for U.S. mortgages was unchanged during the Christmas holiday week, holding the highest levels in more than five years with loan rates near record lows, the Mortgage Bankers Associations said.
Consumers Spend Less Online for Holidays
New York, NY, Dec. 31, 2008--Consumers spent less online this holiday season compared to last, comScore Inc. said.
Initial Jobless Claims Fall More Than Expected
Washington, DC, Dec. 31, 2008--Initial jobless claims fell 94,000 last week, government data on Wednesday showed, but seasonal factors were likely behind this unexpectedly large decline with the labor market remaining very soft.
House Prices Fall By Record Annual Rate
New York, NY, Dec. 30, 2008--Home prices dropped by the sharpest annual rate on record in October, according to the Standard & Poor's/Case-Shiller 20-city housing index released Tuesday.
Consumer Confidence Hits All-Time Low in December
New York, NY, Dec. 30, 2008--Consumer confidence fell to an all-time low in December amid a dismal job market and uncertain outlook for the new year, according to the Conference Board.