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Thursday, March 5, 2009 US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating. The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of 6595.32, a new 12-year low. The Nasdaq Composite lost 54.15 points, or 4%, to 1299.59, while the Standard & Poor’s 500 plunged by 30.27 points, or 4.25%, closing at 682.60. Every stock in the Dow…

Thursday, March 18, 2010 Nigeria’s acting president, Goodluck Jonathan, has announced the dissolution of the country’s cabinet. In a statement after a cabinet meeting, Nigeria’s information minister, Dora Akunyili, said that “the acting president of the Federal Republic of Nigeria, Goodluck Jonathan, dissolved the Federal Executive Council [cabinet].” In the same statement, Akunyili said that Jonathan had provided no reason for the move, although analysts said that it was due to the impediment of the cabinet to Jonathan’s efforts to put his own mark on the office. According to Akunyili,…

Wednesday, February 20, 2008 Dutch financial institution ING Group reported today in its quarterly results an impairment charge of €194 million euros (approximately US$285.6 million). However, as a result of selling an equity stake in rival ABN AMRO, the net profit of €2.48 billion, was 18% higher than last year. The impairment charge is a result of risky investments, including RBMS (mortgage) investments backed by subprime loans and Alt-A loans, which are made to borrowers with a slightly better credit profile than those in the subprime category, as well as…

Saturday, October 4, 2008 The U.S. Senate passed a revised bailout bill designed to help the struggling U.S. financial economy, which has measures nearly identical to the bill rejected by the U.S. House of Representatives on Monday. “Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy,” said Senate Majority Leader Harry Reid. The new revisions include raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110…

Wednesday, November 4, 2015 The Volkswagen emissions scandal continued yesterday with the company announcing 800,000 mainly diesel vehicles may also be affected by carbon dioxide emissions problems. The company stated “the safety of the vehicles is in no way compromised”. They estimated potentially this could cost them €2bn on top of the €6.7bn set aside to pay for the cost of correcting 11 million cars affected when the scandal broke, in addition to fines by regulators. the safety of the vehicles is in no way compromised This follows Monday’s revelation…

Tuesday, August 6, 2013 This past Sunday, Illinois Governor Pat Quinn signed into law a bill known as “Rocky’s Law” that requires Illinois high schools, through the local school district, to buy catastrophic injury insurance up to US$3 million or medical costs for up to five years, whichever one comes first, that covers student athletes. The insurance must cover student athletes while they are competing. The legislation was named after Rasul “Rocky” Clark. In 2000, the Eisenhower High School football player became paralyzed from the waist down as a result…

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details. Saturday, November 4, 2006 On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Scarborough East (Ward 43). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Paul Ainslie, Amarjeet Chhabra, Mujeeb Khan, Glenn Kitchen, John Laforet, Abdul Patel, Jim Robb, and Kumar Sethi. For more information on the election, read Toronto municipal election, 2006. Retrieved…