NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
Advantages of credit trade Usually results in more customers than cash trade Can charge more for goods to cover the risk of bad debt Gain goodwill and loyalty of customers People can buy goods and pay for them at a later date. Farmers can buy seeds and implements, and pay for them only after the harvest. Stimulates agricultural and industrial production and commerce.
NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
The finance giant Bank of America, which operates branches in Edwardsville, Fairview Heights and O'Fallon, plans to fire 2,500 jobs in Illinois starting next year.
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BP to move downtown (Chicago Sun-Times)
BP America told its 3,300 Chicago area employees Thursday that it plans to move its supply and trading business in the U.S. to downtown Chicago from west suburban Warrenville and relocate other corporate staff to its Houston headquarters in a shakeup that also will involve an unspecified number of layoffs.
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Airbus Order From ILFC Falls Short of Boeing Contract (Update4) (Bloomberg.com)
Oct. 18 (Bloomberg) -- Airbus SAS, the world's biggest aircraft maker, got an order from International Lease Finance Corp. for 20 A350 widebody jets, fewer than analysts expected and smaller than the company's contract for Boeing Co.'s 787.
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Changes are coming, BP says (The Lisle Sun)
BP America told its 3,300 Chicago-area employees Thursday that it plans to move a large unit from the western suburbs to downtown and relocate other staff to its Houston headquarters in a shakeup that also will involve an unspecified number of layoffs.
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Roger Cohen: The 'American' rebooting France (International Herald Tribune)
France, long hung up in a left-bank bubble filled with quaint notions of reversing globalization, now wants 'to take advantage of a globalized world.' An interview with Finance Minister Christine Lagarde.
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BP plans layoffs and transfers at U.S. offices (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
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Jobs slashed as Nomura takes its medicine in sub-prime crisis (The Australian)
NOMURA Securities has revealed a doubling of losses stemming from the US residential mortgage-backed securities market as it cut jobs at its US fixed income operations.
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Stroger's $888 million tax hikes (Chicago Tribune)
Cook County Board President Todd Stroger wants to triple the sales tax and double the gas and parking taxes to pay for 1,130 new county jobs and cover rising costs.
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Governor defends budget battling (Chicago Tribune)
Quinn urges ethics bill as Blagojevich holds fundraiser Gov. Rod Blagojevich held his first big political fundraiser in months Thursday night, hours after Lt. Gov. Pat Quinn urged the governor to end "pay-to-play" politics and pointed out that at least some attendees at the event likely were donating in hopes of winning state business.
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Quinn pushes reform vote (Daily Herald)
Lt. Gov. Pat Quinn on Thursday urged Gov. Rod Blagojevich to help push through a campaign-reform bill to combat the state's reputation as a haven for "pay-to-play" politics -- the same day the governor was hosting his biggest fundraiser of the year.
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NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
Qualified accountant qualifications: Chartered Certified Accountant (ACCA, UK certification), Chartered Accountant (CA, certification in Commonwealth countries), Certified Public Accountant (CPA, US certification) Non-statutory accountancy qualifications: Chartered Cost Accountant CCA Designation from AAFM
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