News
GM to commit $773 million toward cleaning up old plant sites
18:57 21.10.2010 |
Business
The bankruptcy estate of General Motors will commit $773 million toward cleaning up old plant sites and other property abandoned by the automaker, under a deal reached Wednesday with the Obama administration and 14 states.
Toyota recalls 1.53 million cars for brake fluid and fuel pump problems
16:33 21.10.2010 |
Business
Toyota is recalling 1.53 million Lexus, Avalon and other models, mostly in the U.S. and Japan, for brake fluid and fuel pump problems, the latest in a string of quality problems for the world's No. 1 automaker.
Britain announced massive budget cuts
21:01 20.10.2010 |
Business
The British government on Wednesday announced historic spending cuts, aimed at reducing the country's deficit, that will cost the public sector half a million jobs.
The measures announced by Chancellor of the Exchequer George Osborne will span four years and include an average cut of 19 percent in central government departments' budgets.
Bank of America ends freeze on foreclosures in 23 states earlier than expected
14:06 19.10.2010 |
Business
Bank of America Corp. ended its freeze on foreclosures in 23 states earlier than some analysts had expected, but it is still reviewing its actions in California and 26 other states to make sure its attempts to seize homes complied with the states' laws.
Gold declines for second day as dollar gains strength
16:41 18.10.2010 |
Business
Gold declined for a second day in London as a stronger dollar curbed demand for the precious metal as an alternative investment. The dollar gained for a second day against the euro before data that may show investor confidence in Germany is near the lowest level in 21 months.
Yen sets 15-year-high against US dollar
16:05 14.10.2010 |
Business
The dollar fell to a fresh 15-year-low against the yen in Tokyo on Thursday amid growing speculation that the U.S. Federal Reserve will ease monetary policy next month.
Dollar-selling accelerated in Asia following Singapore's surprise move to widen the trading band of the Singapore dollar.
MGM takes reorganization efforts to handle its $4 billion debt
11:56 08.10.2010 |
Business
The next chapter for Hollywood’s venerable film studio Metro-Goldwyn-Mayer: Chapter 11, if the company has its way. After months of negotiations over roughly $4 billion in its debt, MGM said Thursday that it had begun soliciting votes from secured lenders in support of a prepackaged reorganization under Chapter 11 bankruptcy.
