Hostess Ceases Operations, 18,500 Out of Work
Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.
Category: Currency
Eurozone back in recession in Q3
LONDON (AP) — The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region’s...
Thousands Seen Dying If Terrorists Attack U.S. Power Grid
A terrorist attack on the U.S. power grid could be more destructive than superstorm Sandy, possibly costing hundreds of billions of dollars and leading to thousands of deaths, the National Academy of Sciences said. While such...
Video: Anti-austerity protests continue into the night
Clashes between protesters and police raged in to the night in Spain and Portugal on Wednesday after a day of anti-austerity strikes and rallies snarled the streets of several European capitals.
Video: Street battles across Europe as general strike turns violent
Hundreds of thousands of Europe’s beleaguered citizens went on strike or snarled the streets of capitals of Spain, Italy, Greece and Portugal, at times clashing with riot police, as they demanded that governments stop...
Spain anti-austerity protests: ‘there is a great deal of anger’
Fiona Govan, the Telegraph’s correspondent in Madrid reports on the escalating tension as Spanish workers join strikes to protest against spending cuts and tax hikes that trade unions say have brought misery and deepened...
European workers stage austerity protests
Workers across the European Union are staging a series of protests and strikes against rising unemployment and austerity measures. General strikes in Spain and Portugal have halted transport, businesses and schools, and led to...
Raw: Protest in Italy Over Labor Reforms
Demonstrators clashed with riot police in Naples, Italy during a protest against the country’s labor minister on Monday. The official, Elsa Fornero, is the signatory of the pension reform that raised Italy’s retirement age....
Golden Dawn: Greece’s New Neo-Nazi Political Party
(Reuters) – Arm raised in a Nazi-style salute, the leader of Greece’s fastest-rising political party surveyed hundreds of young men in black T-shirts as they exploded into cheers. Their battle cry reverberated through the...
Obama’s re-election drives gun sales
NEW YORK (CNNMoney) — Gun sales are up in the wake of Barack Obama’s re-election on Tuesday, driven by fears of tighter regulations under a Democratic president, especially for firearms that might be classified...
