Microsoft is another big name going for job cut downs. It has announced the cut down of 5000 employees, out of which 1,400 are sent home on Thursday.

Rest of the employees will be going in the next 18 months. Spokesman Lou Gellos said, amongst these 1,400, 872 are from Puget Sound, the area where the company has its head quarters. The total numbers of employees with Microsoft are approximated to 96,000, and it is cutting down its 5 percent of workforce .

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BASF SE, the world renowned chemical company, is quite upset because of tough market conditions, as the worldwide recession hurts the company’s earnings for 2008-09 more than what it was expecting.

The company hasn’t estimated on this new outlook, but during November it dumped its target to go with the earnings of the previous year, when the company got 7.6billion euro pretax profit. BASF says that the company is considering shutting its 80 plants temporarily and would also restrict or stop production in some other plants.

BASF is quite well-known as a maker of paints, fertilizers and glues and also has business lines related to natural gas and oil production.

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According to a report worldwide oil demands will fall again during this year and it would be the first successive yearly declines in the past 26 years.

The International Energy Agency says that during this year, there will be an average 941, 0000 barrels per day decline in global oil demand.

IEA serves as the representative of the major oil consuming nations and it says that the said decline in oil demand is expected because of worldwide economic slowdown that seems to last throughout this year.

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As we all know that man is a social animal and when it comes to animals, there are three major kinds of them according to their habits: 1) Those who prove beneficial for others like cow, camel, horse etc, 2) those who harm others for their hunger sake that include wolf, cat, and vulture, mosquitoes etc. 3) Those who habitually sting others for their habit’s sake no matter whether they are hungry or not and that include snakes, Scorpio etc.

The same is true about humans and you would find most of them lying in one of the above category. So, you would find many who will try to kill you for their hunger sake or because of their very nature that inclined to harm others.

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According to a report from California on Thursday, foreclosure filing rate rose up to 81 percent comparing to that of 2007. A great number of American homeowners; exceeding than 2.3 million, had to face foreclosure processes. It can be worst as many were going through the process of struggling to hold back the property.

Still, it is predicted in a research by Moody’s Economy.com that the number of houses which will be lost as a foreclosure proceeding will add up another 18 percent. It is also expected that the levels will go down through 2011.

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Business promotion is as important as running a successful business itself. You need to hit the right chords at the right time, might not sound as interesting an activity but you still have to do it. Every business person should spend a considerate amount of time on planning how to promote your business and on business promotion as well.

The principal axiom of business promotion lies in doing it consciously. No one can promote your business or your product as effectively as the owner itself. The second most important axiom would be monitoring the budget. Business promotion doesn’t necessarily mean that you have to succumb to expensive ways, there are several inexpensive ways to do so, however these will cost you time if not the money.

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