Justin Plackowska of Naperville quickly found success in tae kwon do, his instructor said. Justin was found murdered Tuesday. Courtesy of World Champion TaeKwonDo. Naperville Animal Control removes two pets who were presumably killed along with two …
Panasonic cleans house with writedowns, sees $9.6 billion loss
TOKYO (Reuters) – Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of poorly performing operations, writing down bill ions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring. Shares in Panasonic, founded in 1918, plunged by nearly a fifth on Thursday to their lowest in more than three decades. A day earlier, it forecast a 765 billion yen ($9.6 billion) net loss for the year to March, nearly matching last year's record loss of 772 billion yen. … Raft of office-buying fuels disgust from Chinese
In a small town in northern China's Inner Mongolia where sheep and cattle easily outnumber humans, Fan Chen paid a Communist Party boss three times an average urban resident's annual salary to become a local police chief. Tight market, regulation to benefit UK gas power plants - Liberum
LONDON (Reuters) – British utilities will seek to raise money for big investments in gas-powered plants over the next decade to cope with a tightening power market and new regulation, UK investment bank Liberum Capital said on Wednesday. As Britain’s electricity infrastructure ages, an estimated 30 to 50 percent of nuclear and fossil-fired stations will retire by 2020, which will require billions of pounds of investment in new capacity to avoid a supply squeeze. …
Twin China PMI surveys show economy perking up
BEIJING (Reuters) – China’s economy is finally regaining traction, official and private sector factory surveys showed on Thursday, although the recovery remains sluggish with the latter recording its 12th straight month of slowing growth. Evidence is mounting that the economy revived in October after domestic credit curbs and poor demand from overseas markets pushed economic growth in the third quarter to its weakest rate since the depths of the global financial crisis. The final reading for the HSBC Purchasing Managers’ Index rose to 49. …
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