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Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Thursday, December 13, 2018, 8:54 AM

Chief financial officers at companies are pessimistic heading into 2019, with nearly half expecting a recession by the end of that year, according to a survey released. Duke University's look at where 212 CFOs stand showed that 48.6% think the next negative growth period is less than 12 months away. The results come amid best-year for GDP growth since the recovery began in mid-2009.
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Saipem says Shamoon variant crippled hundreds of computers

Thursday, December 13, 2018, 8:52 AM

A hack on Italian oil services firm Saipem that crippled more than 300 of the company's computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco. Work is under way "in a gradual and controlled manner" to fully restore operations after the attack, it said.
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114 Feet Mega "High Flying" DMK Flag Hoisted By MK Stalin

Thursday, December 13, 2018, 8:50 AM

DMK president M K Stalin hoisted a-giant-sized party flag atop a-114-feet-tall pole in Chennai, saying it was symbolic of future electoral victories and party's lofty ideals. Unfurling the 30 feet wide, 20 feet high flag at the party headquarters "Anna Arivalayam," in Chennai, MK Stalin said "DMK will emerge victorious in the electoral battle," and the high flying flag was a prelude to it.

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