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Monday, December 8, 2008
BoA set to lose billions in business...
In a stinging note of support for the laid off workers that have taken up residency in Chicago's Republic Windows & Doors factory, the Governor of Illinois has suspended business with Bank of America until it reissues credit to the shuttered company...Link
Fed approves Chinese bank.......
The US Federal Reserve said Monday it had authorized China Construction Bank, a leading Chinese state bank, to operate in the United States.Link
Even beer is not recession proof......
BRUSSELS, Belgium – Anheuser-Busch InBev announced Monday it would cut some 1,400 U.S. jobs — or another 6 percent of its U.S. work force — to help save the world's largest brewer at least $1.5 billion a year.....Link
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