http://finreviewer.com News blog Tue, 18 Nov 2008 01:08:09 +0000 http://backend.userland.com/rss092 en U.S. retail sales in October suffered the worst monthly drop on record as more Americans shunned discretionary purchases amid accelerating job losses in a worsening economy.It marked the fourth consecutive decline in monthly retail sales.The Commerce Department said Friday that retail sales fell 2.8% last month, compared with ... http://finreviewer.com/retail-sales-suffer-record-drop/ Chinese solar cell maker JA Solar Holdings Co Ltd said on Wednesday the global economic slump had triggered a "panic" in the solar market, prompting it to slash its sales forecasts and sending its shares down more than 25 percent. Sales of solar cells and panels have risen ... http://finreviewer.com/ja-solar-cuts-forecast-sees-solar-panic/ Alberta and Saskatchewan are determined to clean up coal and pump carbon dioxide back into the ground, two achievements that would turn the world's dirtiest fossil fuels – coal and tar-sands oil – into a climate-friendly source of energy.That's the theory.Last week, Edmonton-based Epcor Utilities filed two "expressions of ... http://finreviewer.com/clean-coal-is-no-quick-fix/ General Motors Corp., once the world's mightiest company, is on its knees today after reporting another huge quarterly loss that will prompt more cuts, including 500 extra layoffs in Oshawa.Detroit-based GM said yesterday it spilled $2.5 billion (U.S.) in red ink during the three months ending Sept. 30 and ... http://finreviewer.com/battered-gm-on-the-brink/ China's Finance Minister Xie Xuren was called back from an international economic conference in Peru before the meeting began, following orders from Beijing to help resolve problems at home, an organizer of the event said. Xie left Trujillo, Peru, where Asia-Pacific Economic Cooperation finance officials are meeting ... http://finreviewer.com/china-minister-xie-leaves-peru-early-to-fix-economy/ President-elect Barack Obama's Treasury secretary must be a regulator, diplomat, defender of the dollar and master of depleted coffers, all while figuring out how to escape a nasty recession. The past 14 months of market turmoil have dramatically changed the job description, perhaps more so than at any ... http://finreviewer.com/next-treasury-boss-must-be-thrifty-diplomat/ Circuit City Stores Inc. said Monday it is closing about 20% of its U.S. stores - cutting thousands of jobs - in an effort to return the nation's No. 2 consumer electronics retailer to profitability.The Richmond, Va.-based company said it will shutter 155 of its more than 700 ... http://finreviewer.com/circuit-city-to-close-20-of-stores/ Imre Apostagi says the hospital upgrade he's overseeing has stalled because his employer in Budapest can't get a foreign-currency loan. The company borrows in foreign currencies to avoid domestic interest rates as much as double those linked to dollars, euros and Swiss francs. Now banks are curtailing ... http://finreviewer.com/panic-strikes-east-europe-borrowers-as-banks-cut-franc-loans/ Pressure is mounting on the Swiss central bank to cut interest rates as a surge in the franc threatens to derail exports, exacerbating the impact of the global financial crisis on Europe's eighth-largest economy. An 8.7 percent gain in the franc against the euro this month is ... http://finreviewer.com/snb-up-against-wall-as-francs-surge-hurts-exports/ Suddenly, I am a cool guy. Savings habits I have preached and practiced for years — and the realization that avoiding waste is being smart, not a cheapskate — are now in vogue. With Americans facing continued economic uncertainty, I run across an almost daily stream of ... http://finreviewer.com/common-sense-savings-tips-are-back-in-vogue/