If you are thinking that electronics’ makers sailing smooth despite economic downturn, you need to think again at least the revision of profit forecast from Panasonic seems to suggest so. The company has slashed its profit forecasts by 40% for the present fiscal year.

Panasonic was expecting to make 560b yen in the current fiscal year that to end next March, but now the company has cut it down to 340b yen.

According to the company, the current economic slowdown that started in the US was spreading in other parts of the world and just like other businesses it was hitting sales of electronics’ makers as well.

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A plan for economic recovery of EU member states has been proposed by the European Commission. European Commission is urging member states to sign up for this plan that aims to be coordinated across the European bloc by combining tax cuts and targeted investment.

The details about the plan have been unveiled on Wednesday and it may be of 130bn euros that is nearly one percent of EU states’ GDP.

EU has been asked to ease fiscal rules that may help the nations to spend more to strengthen their economies.

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To stabilize US economy and the financial system, the Federal Reserve has announced to offer another $800bn stimulus.

According to the US Treasury Secretary Henry Paulson, the package has been announced for the availability of more lending to consumers.

The new package will be used to buy mortgage-backed securities and thaw out the freezing consumer credit market.

US President-elect Barack Obama says: “Budget reform is essential because of the current economic crisis. And it’s not an option, but a necessity.”

Meanwhile Mr. Paulson said, “It would take some time to get out of these difficulties in US market and economy and we will have to face new challenges.”

“We are determined to handle these situations efficiently and use all the available tools to strengthen our financial institutions and stabilize financial markets.”

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The term revenue means the income that a company receives from its normal business activities, usually from the sale of goods and services to the customers. Income which a company earns through dividends, interest or royalties amount paid by other companies is also called as revenue. Revenue may refer to the income earned through a business in general, or it may refer to an amount received during a period of time. Profit or net income is generally calculated by subtracting total expenses from total revenue with in a given period. Revenue is also known as “REVs“.In the case of a non-profit organization, annual revenue is termed as gross receipts.

The sources of revenue for these non-profit organizations are as follows:

• Aid from government organizations
• Donations from individuals and corporations
• Income from activities related to the organization’s mission
• Income from fund generating activities
• Financial investments such as stocks and shares of the companies
• Membership dues

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Hewlett-Packard (HP), the world’s no.1 PC maker, posts a better-than-expected net profit in the fourth quarter and beats Wall Street analysts’ forecasts

According to HP, it made a $1.03 net profit on each share excluding charges. It was 3% higher than what the Wall Street analysts were expecting. After that news, there was a 10% sharp increase in HP’s shares.

Mark Hurd, HP chief executive, says that his company is gaining market share though there is a challenging marketplace.

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In the past, temp agencies where used for hiring people to fill in vacancies for workers who were on holidays. But with the passage of time a lot changes have occurred and now the temporary employment industry has evolved into an industry which tries to utilize highly skilled workers for temporary staffing. This industry employs workers for a short period of time and that’s why it is still considered to be a fringe market. Temp agencies hired nearly 4 million people to work during the fall of last year.

Though a lot of people lose their jobs when the economy begins to slow down, it is expected that these temp agencies would thrive in the US and the other countries of the world in future. A large number of advantages and disadvantages are associated with this industry. For some people, temporary jobs are quite irritating while for others, they are enjoyable enough. Temp agencies often provide such benefits as are good not only for employers but also for employees and there are a number of good reasons that make working with a temp agency a good experience.

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