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Top 10 Stories of 2008: Downturn Doesn't Spare the Triangle
THE HERALD-SUN | DECEMBER 28 2008 10:45:22 AM

By Monica Chen, The Herald-Sun, Durham, N.C. Dec. 28--DURHAM -- Take a deep breath, pour yourself a drink and just repeat, "The worst is over. The worst is over. The worst is over." Well, the worst may... Read more

Tech: Software is a Bright Spot
THE NEWS & OBSERVER | DECEMBER 28 2008 10:33:29 AM

Dec. 28--Forecasters aren't predicting the steep declines in technology spending that occurred in the wake of the dot-com meltdown, but the outlook is nonetheless glum. Earlier this month, Forrester... Read more

UPDATE 1-Toronto Exchange to Remain Halted Wednesday
AFA | DECEMBER 17 2008 03:29:10 PM

TORONTO, Dec 17 (Reuters) - The Toronto Stock Exchange and the small-cap TSX Venture Exchange will remain closed on Wednesday due to a system fault with data feeds, frustrating traders and sending business... Read more

Job Prospects for IT Workers Grow Dimmer
THE NEWS & OBSERVER | DECEMBER 16 2008 07:16:12 PM

Dec. 16--The job market for IT workers across the state has gone from bad to worse. Information-technology job vacancies in North Carolina fell by about a third in November compared to the previous month,... Read more

OnLine Distribution Re-Brands As Westcon Middle East
THE MIDDLE EAST AND NORTH AFRICA BUSINESS REPORT (AMMAN, JORDAN) | DECEMBER 15 2008 11:55:00 PM

Dec. 15--OnLine Distribution, the leading value-add distributor of networking products in the Middle East, has re-branded itself as Westcon Middle East. The move reflects the company's expanding emerging... Read more

2010 Organizers Say There's No Plan B If Sponsors Default on Vancouver Games
CANADIAN PRESS | DECEMBER 15 2008 07:25:15 PM

VANCOUVER, B.C. - Some 2010 Olympic sponsors are dancing on the edge of bankruptcy but that isn't cracking the stoic demeanour of the Olympic organizing committee which is so confident sponsors will come... Read more

IT Job Vacancies Fell Last Month
THE NEWS & OBSERVER | DECEMBER 15 2008 06:13:22 PM

Dec. 15--It's not a good time to be looking for an IT job. Information-technology job vacancies in North Carolina fell by about a third in November compared to the previous month, according to a report... Read more

BRIEF-Nortel Receives Waiver From Export Development Canada
AFA | DECEMBER 15 2008 05:48:36 PM

Dec 15 (Reuters) - Nortel Networks Corp: * Receives waiver from Export Development Canada * Says obtained a 30-day waiver from Export Development Canada * Says waiver to permit... Read more

FACTBOX-Job Cuts Mount As Global Downturn Bites
AFA | DECEMBER 15 2008 08:34:35 AM

Dec 15 (Reuters) - Electrolux, the world's second-biggest home appliances maker by sales, said on Monday it would undershoot its 2008 earnings forecast and cut over 3,000 jobs globally amid an... Read more

DIP Loan Freeze May Cause Preemptive Bankruptcies
AFA | DECEMBER 12 2008 04:29:36 PM

NEW YORK, Dec 12 (Reuters) - The bankruptcy of newspaper publisher Tribune Co and potential filing by Nortel Networks Corp reflect the increasing difficulty of accessing loans in bankruptcy,... Read more

 
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