China Financial Daily

September 10, 2009

Premier Wen Jiabao will attend the opening ceremony of Summer Davos Forum and deliver a speech

Filed under: Financial News — Tags: , — sherry @ 5:50 am -0700

Premier Wen Jiabao will attend the opening ceremony of Summer Davos Forum and deliver a speech
The annual Summer Davos Forum will be held on the 10th in the beautiful coastal city, Dalian. At the opening ceremony, the State Council Premier Wen Jiabao will attend it.

Prior to the opening plenary session, the Forum will introduce interactive style meeting, briefings meeting, seminars, parallel plenary session, seminar space, creation research, communication luncheon meeting to start the brainstorming.

According to the agenda, on September 10, delegates will carry out discussion on the “new social contract basis” “maintaining an innovative edge,” “managing Global Risks” “the lessons of the great depression,” “global recession and developing countries”, “re-considering the economic development model”, etc.

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Death Cases in Wal-Mart: Wal-Mart employees wound the customer to death for a small ticket

Filed under: Financial News — Tags: , — sherry @ 1:36 am -0700

Death Cases in Wal-Mart: Wal-Mart employees wound the customer to death for a small ticket
August 30 evening 20 o’clock or so, Yu Xiaochun who lives at South Road Jingdezhen Square, carried a large packet from Wal-Mart shopping plaza. However, five Wal-Mart employees suddenly surrounded her, including a staff request her to take out little shop ticket of Wal-Mart. They did not wear Wal-Mart Uniform, she quickly snatched the ticket. As a result, the tragedy happened.

Yu Xiaochun’s parents begged them to stop assault and battery, but failed; later, they called 110 to ask the police. Afterwards, Yu Xiaochun was send to the hospital. At 15 pm on September 1, the hospital issued a “Notice of dying.” At 1 am of September 2, Yu Xiaochun died.

The first commercial network CEO Huang Huajun said, “the internal management of Wal-Mart certainly have problems.” No matter how the survey results are, Wal-Mart employees should not beat the customer. Moreover, the company should get in touch with their families as soon as possible and give a certain comfort.

Moreover, Huang Huajun also pointed out that incident reflected that there were many problems in Wal-Mart’s internal management system, such as: excessive operating pressure, difficult implementation of system, inhumane system, etc.

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GM layoffs for thousand people; GM Chief Financial Officer Ray Young will leave the company

Filed under: Financial News — Tags: , , — sherry @ 1:23 am -0700

GM layoffs for thousand people; GM Chief Financial Officer Ray Young will leave the company
According to Bloomberg news agency reported that from sources, General Motors Chief Financial Officer Ray Young will leave the company in the coming weeks due to the company’s financial restructuring.General Motors have hired headhunter company to find a new chief financial officer.

According to sources, General Motors Corp. by the end of this month will cut 1,000 salaried positions. GM spokesman Tom Wilkinson said the majority of employees are being laid off by October 1.

It is reported that General Motors is cutting staff in order to reduce the company’s operating costs, by the end of 2011, the company will shut down 14 U.S. factories and three warehouses, sell or cancel half of their own brands.

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