Four Soft inks pact with Dutch firm

Four Soft on Monday, December 01 announced that its Netherland based subsidiary, Four Soft Netherlands BV had inked a pact with Mondial Logistics, Netherlands, in order to implement its freight forwarding software, 4S eTrans SME across its multiple locations in Netherlands to streamline its disparate processes and improve the operational efficiency.

Kalindee Rail bags order worth Rs 1 bn

Kalindee Rail Nirman Engineers announced on Tuesday the company has bagged work contract for Delhi Airport Express line project valued Rs 999.9 million.

L&T arm bags contracts worth Rs 14.5 bn in Q3

Larsen & Toubro, India`s leading engineering and construction company, announced on Tuesday that Building & Factories Operating Company, a newly formed part of its construction division, has bagged orders worth Rs 14.5 billion in the third quarter of 2008-09 for the construction of IT and office space buildings including add on orders from ongoing works at its airport projects.

HCL Info introduces Infiniti Challenger Series workstations

HCL Infosystems, an IT hardware and system integration company has launched HCL Infiniti Challenger Series range of workstations based on Intel Core i7 Quad core processor,

Principal promoter hikes stake in Mukta Arts

Mukta Arts, engaged in generation and distribution of content for the entertainment industry on Tuesday December 2, announced that its principal promoter had picked up 10,000 equity shares of the company.

Aban Offshore bags USD 36 mn order

Aban Offshore said on Dec. 02, 2008, that it has bagged a contract worth USD 36 million for deployment of the jack-up rig ``deep driller``.

The contract is for a period of 12 months in two phases starting in the last quarter of 2008.

Aban Offshore provides oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad.

Goldman 4th-period loss may be up to $5-share

Goldman Sachs Group Inc. the New York investment bank, which has registered as a commercial bank, is likely to report a fiscal fourth-quarter loss of as much as $5 a share, five times the current analyst consensus, The Wall Street Journal reported. The expected loss for the quarter ended Nov. 28 would be the firm's first quarterly deficit since it went public in 1999, the Journal reported. The company will write down the value of assets in private equity, commercial real estate and more

Thai court bans prime minister from politics for 5 years

Thailand's Constitutional Court Tuesday ordered Prime Minister Somchai Wongsawat's People Power Party to dissolve and banned the premier from political office for five years, according to a Dow Jones Newswire report. The court took the action after finding the party was involved in electoral fraud in the December 2007 election. The newswires report cited a judge as saying that the decision had been unanimous among the Constitutional Court's nine judges

J.P. Morgan to cut 3,400 WaMu jobs in Seattle

Paulson has allocated $150 billion to buy stakes in 52 banks

U.S. recession began in December 2007, NBER says

The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER. The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it looks at four key monthly economic indicators, including employment, industrial output and sales. Employment peaked in December