Business News Archive - December 31, 2008

Japan's 225-stock Nikkei index, the key Asian market barometer, ended 2008 down about 42 percent but recovery hopes remain high for next year. The 2008 loss was the steepest one-year percentage drop ever as the country reeled under a recession, the devastating impact of the global financial turmoil and the yen's sharp rise on its export-driven economy. The index, however, gained some of its lost ground in the final trading sessions of the year, encouraged by the economic stimulus measures to close above the 8,800 mark for the first time since early November. "Expectations for policies from next year onward remain strong,'' Kazuhiro Takahashi with the Daiwa Securities SMBC Co., told Kyodo news service, referring to the stimulus steps taken by major developed economies, including Japan and the United States. The report said investors also hoped further stimulus measures would be forthcoming from the incoming U.S.

HAIFA, Israel, December 31 /PRNewswire-FirstCall/ -- Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest oil refiner, announced today that on December 30, 2008, at 10:00 a.m., the Annual General Meeting ("AGM") of the Company's Shareholders convened. It was decided: 1.

MADD Reminds America to Start 2009 Safely DALLAS, Dec. 31 /PRNewswire-USNewswire/ -- Mothers Against Drunk Driving (MADD) hopes everyone will add "designate a sober driver" to their list of New Year's resolutions.

TORONTO, Dec. 31 /PRNewswire-FirstCall/ - Vitran Corporation Inc.

A senior aide to President-elect Barack Obama said escalating turmoil in the Middle East wouldn't derail a new U.S. economic stimulus bill. Not that anyone is unconcerned about the situation in the Middle East, David Axelrod said.

ATHENS, Greece, Dec. 31 /PRNewswire-FirstCall/ -- TOP Ships Inc.

Ringing in the new year is expected to be toned down this year, as revelers adjust to the downturn in the U.S.

LONDON, December 31 /PRNewswire-FirstCall/ -- In conformity with the Disclosure and Transparency Rules, we hereby notify the market of the following: Royal Dutch Shell plc's (NYSE:RDS.A) (NYSE: RDS.B) capital consists of 3,545,663,973 A shares and 2,695,808,103 B shares, each with voting rights. Royal

Word of the Day
  • The parings of haberdine; also, any kind of fragments.
The word 'gubbings' is a variant of the word 'gobbon', meaning 'a portion, gobbet.'