Germany underpins tottering state-owned bank WestLB
Berlin - Key stakeholders have agreed to underpin a tottering state-owned German bank, WestLB, to stop it lurching into insolvency, a Finance Ministry spokesman in Berlin said Tuesday. WestLB, based in the western city of Dusseldorf, will be the firs...
[Posted on :
2009-11-24 ] Category : [
Business ]
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Al-Jazeera buys rival ART sports network
Doha - Qatar-based regional broadcast giant al-Jazeera's sport channel on Tuesday announced it had sealed a deal to purchase its Saudi-owned rival Arab Radio and Televison (ART)'s sports channel. Al-Jazeera now owns the ART sports network's brand and...
[Posted on :
2009-11-24 ] Category : [
Business ]
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Despite optimism, economy 'still volatile', says Merkel - Summary
Berlin - Despite a brace of positive data for the German economy on Tuesday, Chancellor Angela Merkel warned against undue optimism at an employers' conference in Berlin. We find ourselves on very volatile ground, Merkel said, adding that a new spe...
[Posted on :
2009-11-24 ] Category : [
Business ]
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US economy grew 2.8 per cent in third quarter - Summary
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. But t...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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EXTRA: US consumer confidence up slightly in November
Washington - Consumer confidence in the United States rose slightly in November after two straight months of declines, according to a private research group Tuesday, reflecting cautious optimism as the country recovers from a deep recession. The New ...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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US economy grew 2.8 per cent in third quarter - 2nd Update
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. The f...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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EU market regulators raid Czech energy company
Brussels/Prague - The European Commission said Tuesday it had raided the premises of Czech energy company CEZ following concerns that it may have engaged in illegal practices aimed at shutting rival firms out of the market. The suspected illegal con...
[Posted on :
2009-11-24 ] Category : [
Business ]
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US economy grew 2.8 per cent in third quarter - Update
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday that confirmed the United States has likely emerged from its deepest recession in decades. The f...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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US economy grew 2.8 per cent in third quarter
Washington - The US economy grew at an annual rate of 2.8 per cent in the third quarter of this year, according to an updated government estimate Tuesday, confirming that the world's largest economy has likely emerged from its deepest recession in de...
[Posted on :
2009-11-24 ] Category : [
US (Business) ]
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GM will keep Germany's Bochum plant open, chief says
Duesseldorf, Germany - A threatened Opel car plant in the German city of Bochum will not now be closed, General Motors' (GM) European Chief Executive Nick Reilly said Tuesday. The 4,900 staff at the plant in western Germany had feared closure under G...
[Posted on :
2009-11-24 ] Category : [
Business ]
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