Business News Archive - February 16, 2009

Japan's economy shrank in the fourth quarter at the worst annual rate since the first quarter of 1974, government officials said. The Japanese economy, the second-largest in the world, was particularly hard hit by plummeting exports and a downturn in domestic consumer spending, The New York Times reported Monday. The real gross domestic product declined at an annual rate of 12.7 percent from October to December, following two straight quarters of contraction.

LONDON, Feb. 16 /PRNewswire/ -- The recession continues to reverse the former growth trend in industries throughout Europe and most of the developed world. The European Power Supplies Market is no exception. In fact, major players in this industry are now focusing on weathering the storm.

MUMBAI, India, February 16 /PRNewswire/ -- Rallis India Limited, a Tata Enterprise, was conferred the Growth Strategy Excellence Award in the Indian Crop Protection Chemicals Market. The award was presented to Rallis for excellence in sales strategy.

Denver conversion-driven marketing agency will strategize an SEO keyword refresh and implement Web analytics DENVER, Feb.

HOUSTON, Feb. 16 /PRNewswire-FirstCall/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.25 cents per share, payable on March 23, 2009, to stockholders of record on March 9, 2009.

HOUSTON, Feb. 16 /PRNewswire-FirstCall/ -- ECCO Energy is pleased to announce the hiring of Ray Ward as Chief Operating Officer. Mr. Ward has over 30 years of engineering and management experience and has directed over $1 billion of capital in the oil and gas industry.

A layoff of 850 at a BMW plant in Britain provoked an angry reaction from workers, one of whom said the company gave short notice of the action. It's a disgrace. I feel as though I've been used.

Zeus is developing new technology in the field of electrospinning for applications primarily within the medical device and filtration industries ORANGEBURG, S.C., Feb. 16 /PRNewswire/ -- Zeus, Inc.

Word of the Day
  • Any of various tropical Old World birds of the family Indicatoridae, some species of which lead people or animals to the nests of wild honeybees. The birds eat the wax and larvae that remain after the nest has been destroyed for its honey.
Honeyguide birds have even been known to eat candles.