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Vestas Lands Large Wind Turbine Contracts in China
Company has delivered more than 1,000 turbines to China
1/5/2009
U.S. Manufacturing Slumps to 1980 Low
New manufacturing orders have contracted for 13 consecutive months.
1/5/2009
China Manufacturing Sector Close to Recession
Manufacturing accounts for 43% of China's economy.
1/5/2009
Boeing Wins $2.1 Billion Order from India
India is buying maritime surveillance aircraft
1/5/2009
Samsung Unveils Word's Slimmest TV
The new product measures only 0.26 inches thick.
1/5/2009
Japan's Auto Sales Fall to 34-year Low in 2008
Domestic sales, excluding mini-vehicles, tumbled 6.5% from the previous year to 3.2 million units for the fifth straight annual decline.
1/5/2009
South Korean Auto Union Calls for Strike
Ssangyong Motor's union is protesting massive layoffs.
1/5/2009
Lubrizol Acquires Dow Thermoplastics Unit
Company takes over Laporte, Texas, operations
1/5/2009
Ford U.S. Auto Sales Drop 32%
However the company increased its U.S. market share to 14.6%.
1/5/2009
Toyota's U.S. Sales Down 37%
Sales are down 16% for 2008
1/5/2009
GM's U.S. Sales Fell 31% in Dec.
For 2008 sales are off 23%
1/5/2009
Chrysler's U.S. Sales Drop 53% in Dec.
For 2008 the company saw a 30% decrease
1/5/2009
Siemens Eyes Locomotive Venture with Russian Rail Company
The joint venture would manufacture 200 locomotives per year.
12/31/2008
World Stocks End Wretched 2008 with Modest Rally
2008 will be remembered for key markets shedding half their worth
12/31/2008
U.S. Jobless Claims Dip in Holiday Week
Unemployment rate is 3.4%
12/31/2008
Dell Reorganizes, Shakes up Top Management
Company will be organized globally rather than regionally
12/31/2008
Kuwait Scraps Deal with Dow Chemical
State-owned Petrochemicals Industries Co. was to pay $7.5 billion to form a petrochemicals firm known as K-Dow.
12/30/2008
Wave of Layoffs Dashes Japanese Myth of Job for Life
Free-market reforms including deregulation in 2004 has allowed the manufacturing industry to use temporary staff in their plant.
12/30/2008
Rolls-Royce Wins Contract for Russia's Nord Stream Project
The Nord Stream gas pipeline is a partnership between Russia's state-owned gas monopoly Gazprom and German companies E.On and BASF-Wintershall.
12/30/2008
Gazprom Profit Soars 83%
Gazprom is estimated to control about a quarter of world natural gas reserves and supplies about a quarter of the European Union's gas needs.
12/30/2008
Chinese Steelmakers to Merge
Tangshan Iron and Steel, already one of China's largest steel producers, will get together with two smaller firms.
12/30/2008
GMAC Announces Plans to Expand Lending
Company received $6 billion bailout
12/30/2008
U.S. Consumer Confidence Plunges to All-time Low
Only a modest recovery is expected in the second half of 2009
12/30/2008
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