During last 2 weeks since November, 27 the situation concerning Red Shield mill became more stable and not so strained as it was couple week ago. Let us remind to you that almost a half of all the workers of this enterprise situated in Old Town were laid off. In connection with the world?s financial crisis the administration of this pulp mill couldn?t cope with the sudden drop of the stocks of pulp industry and the mill stopped its work ...

The latest news from San Francisco inform that Bernard Madoff, known as ex-Nasdaq Stock Market chairman who founded the Bernard L. Madoff Investment Securities LLC, was recently put under arrest. According to FBI statements, the charges that were brought against him this Thursday concern the securities fraud accusation, particularly it deals with the so-called Ponzi scheme. As federal prosecutors declare, the Madoff?s case is connected with the losses of 50 billion dollars ...

Microsoft founder and the famous billionaire Bill Gates appealed with the propose to the new government leaded by the recently elected President to increase deficit costs for stimulation the economy in such rough times and assist the most defenseless representatives of the USA. A well-known philanthropist insisted on a point of view ? fresh investments are crucial to constructing on new facilities and modernization of public education in the USA. He also insisted that problems of diseases abroad must be solved immediately, but without extra costs it wouldn?t be possible ...

Wall Street kicked investors with another 400-point loss on Thursday after a brutal battering just the day before when the stock market was knocked to its lowest level in more than five years. Now, things look worse.

MIAMI (Reuters) - Like many other elderly Americans,
Edie Stark has been hard hit by the meltdown in U.S. financial markets.
She is 84 and has been worried a lot lately about outliving her savings. A retired nurse, Stark is a prime example of what financial planners coldly call "longevity risk"

U.S. Attorney General Michael Mukasey collapsed while giving a speech at a Washington hotel. He was taken to the hospital where he later was reported to be awake and talking. "The attorney general is conscious, conversant and alert," said Peter Carr, a Justice Department spokesman.

European stocks climbed Monday, lifted by the U.S. federal government's plan to rescue beleaguered financial giant Citigroup.

Gasoline prices continued to sink, falling for the 67th day in a row, according to a national survey of gas station credit card swipes released Sunday.

President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.

Nov. 24 (Bloomberg) -- Citigroup Inc., facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week. Citigroup also will get a $20 billion cash injection from the Treasury Department, adding to the $25 billion the company received last month under the Troubled Asset Relief Program.