28 small and medium-sized enterprises started trading in Shenzhen on Oct.30, 2009, which created a lost of records.
News from Shenzhen, China on October. 30: 28 small and medium-sized enterprises Friday started trading their shares at ChiNext in Shenzhen, Guangdong Province, China. However, on Friday, it created a lot of “tops” and broke the new records in the history.
The Huayi Brothers Media Corp., which is a movie producer, soared the most, increased 122.74 percent from its IPO price, to open at 63.66 yuan per share. Zhongyuan Huadian Co. Ltd. increased the least by 46.26 percent from its IPO price to open at 47 yuan per share.
ChiNext was expected to provide more fund-raising channels for small and medium-sized businesses in China, these enterprises are provided with high technology and high growth. The central bank and the whole financial system will consistently support the ChiNext.
Chanel layoffs in 2009: Global Luxury shrinks, Chanel intends to lay off 200 people
News on Oct.22: Affected by the global financial crisis, the world’s luxury goods consumption is becoming a rapid decline. According to France’s largest trade union Total unions (CGT) said the international well-known brands Chanel (Chanel) over the weekend issued a statement that the company intended to lay off 200 people, of which only the No. 31in first block of Paris would lay off 16 people, The remaining staff will be treated as permanent workers, temporary contract workers differently, the new labor contract will come into effect on Wednesday this week
According to the Chanel internal staff: 200 layoffs’ workload is equivalent to 10% yield
NCR profit and NCR layoffs
Deterioration of profitability in the third quarter, NCR intends to lay off up to 10%.
News on Oct.22: ATM maker NCR Corp (NCR), announced its third-quarter profit fell 81 percent, and said it planned to cut worldwide up to 10% of the employees – may be more than 2,200 people – in order to cut costs.
The company also lowered its full-year profit and revenue forecast.
NCR said it at present had about 22,400 people, so there would be 5-10% of workforce reductions.
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