Saturday, 21 January 2012

24 hours of economics in 240 words! An economic snapshot number 28

For January 20th
0:14 a.m.  The LSL reported, today, that rental costs were down an average of 0.8% in December.
0:24 a.m.  Johnson & Johnson have settled a case for over £102million.
2:31 a.m.  General Motors have regained top vehicle maker, after facing bankruptcy just two years ago, its sales rising 7.6% last year.
7:22 a.m.  There’s been flooding in Denbighshire town, despite a £4.9million flood relief project.
9:03 a.m.  Lagarde, of the IMF, joined warning on austerity and growth.
10:36 a.m. Uk’s retail sales rose 0.6% last month!
10:55 a.m. China’s investment Corporation have bought nearly 9% of Thames water, its first major share purchase in the UK.
The internet, most prominent of which, Wikipedia's blackout
protest has seemingly had an affect, with Congress
postponing  internet censorship votes!
10:57 a.m. The Scottish open has been revealed to be worth £5million to Scottish economy.
11:20 a.m. Vodafone aren’t liable for taxes and penalties of nearly £2.8billion in India, it’s been ruled.
11:34 a.m. Ikea’s profits rose 10% thanks to emerging markets sales boost.
11:44 a.m. Poundland saw sales rise of 5.9% thanks to it’s cards and chocolate selling well in the Christmas season.
3:52 p.m.  Hackers have retaliated over the shutting down of Megaupload, hacking the FBI among other organisations.
4:55 p.m.  HMV has struck a deal with banks and suppliers so as to halve its debts in the coming years.
5:38 p.m.  The US congress has postponed the SOPA and PIPA, internet censorship bills, amid protesting from the internet’s largest websites.
11:29 p.m. 24,000 former Woolworths workers have been paid a total of £67million in compensation.


sorry for the latency, sixth form work is a pain :(

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