Daily Archives: July 1, 2009

Gannett Co., one of the largest newspaper publishers, may be preparing to lay off more than 1000 workers, according to a report on the website of Wall Street Journal. The steady decline in advertising revenues is being seen as the primary cause for the massive lay-offs undertaken by Gannet. It is estimated that the...

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Wal-Mart, the biggest private employer in US, sided with a major labor union on Tuesday to back the proposal of large companies providing health insurance to their employees. In a letter to the White House and officials of the Congress, Wal-Mart chief executive Michael T.Duke emphasized the need for every business to make some...

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A US federal advisory board voted on Tuesday to recommend a ban on painkillers Percocet and Vicodin because of their suspected harmful effect on liver. Percocet and Vicodin are two of the most-frequently prescribed painkillers across the world. These drugs combine a narcotic with acetaminophen which is the primary ingredient in most popular over-the-counter...

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China’s official PMI or the purchasing managers’ index rose for the month of June to 53.2 from 53.1 last month. The rise holds out hopes for Chinese officials that their economy is faring better than most in the aftermath of the worst global recession since the Second World War. The 0.1 rise in PMI...

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If you find yourself in Moscow this summer, do not miss out its Museum of Modern Art which houses the works of many modern and contemporary artists from all over the world with special emphasis on Russian artists as part of its permanent collection. The Moscow Museum of Modern Art is the brainchild of...

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