In a bid to cut costs and ensure adequate growth rate, internet giant, Yahoo Inc. has decided to freeze salary hikes of its employees for the financial year 2009.
The company, visibly upset over low revenue and falling profit, would also employ some other cost cutting measures to keep costs in line with revenues and to mitigate the impact of global slowdown on its business.
The Congress party denied any impact on alliance between Congress and Samajwadi Party in Uttar Pradesh following the joining of SP by former Bharatiya Janata Party
(BJP) leader and two time state chief minister, Kalyan Singh. However, some Congress leaders expressed reservation on Kalyan Singh factor due to his involvement in demolition of Babri Masjid in Ayodhya in 1992.
The Congress in-charge of Uttar Pradesh affairs and party's general secretary Digvijay Singh said, "If Mr. Kalyan Singh now feels sorry for the Babri demolition and repents, and if this alignment leads to weakening the BJP, we won't have concerns."
Tata Group owned and Europe's second largest steel manufacturer, Corus may start retrenchment drive in the days to come, clearly, to cut costs and ensure adequate growth amid recessionary waves prevailing across the world.
The workers, whose future is hanging in dark, following the reports of large scale lay offs by company, are seeking appointment with authority concerned to resolve all matters related to wages and production cut.
Rate follows GBP higher but still lower on the day despite new highs in New York at 1.3004 at writing; drop is less volatile and the rate holds tech support at 1.2850/60 area. Rally all day today suggests a short-squeeze is in the works.
Stops baked on the dip under 1.2880 again overnight; stops increasingly likely around 1.3030 area and layered above. Bulls are attempting to find a bottom. Bottom may be forming around the 1.2850 area as it has bounced three-times from there. 50 bar MA failed now likely to offer resistance and a close above suggests the bottom will be in.
It has been proved by a novel study that a Nintendo that carries a price tag of £100 is no better than a 10 paise pencil at stimulating the memory. After the latest study, the claim by Nintendo that the DS Lite boosts the brain has been disapproved.