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GM may be mulling thousands of job cuts

(Reuters) - No. 1 U.S. automaker General Motors Corp is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:57
Michael Page profits up

LONDON (Reuters) - Recruitment company Michael Page International reported a 31 percent increase in half-year profit but said the slowdown in the UK’s financial sector recruiting was continuing.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:48
EMI picks Reckitt’s Leoni-Sceti to head music unit

LONDON (Reuters) - EMI has appointed Elio Leoni-Sceti, a senior executive from household cleaning products maker Reckitt Benckiser , as chief executive of its recorded music division, it said on Monday.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:46
Helphire sees year profit in line with forecasts

LONDON (Reuters) - Accident-claim handling firm Helphire said on Monday annual profit would be in line with forecasts but if economic conditions remained tough motoring activity, and therefore use of credit hire, might slow.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:27
Morgan Crucible sees year performance in line

LONDON (Reuters) - Engineering firm Morgan Crucible is set to deliver a full-year performance in line with market expectations, helped by rising revenue on the back of a strong order book, the company said on Monday.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:26
Rising costs to dominate G8 talks

World leaders are starting a key summit in Japan that is expected to focus on soaring global food and fuel prices….
Original Source: news.bbc.co.uk


  6 July, 2008| massmedia | Comments (0) @ 23:22
Persimmon cuts 1,000 jobs

LONDON (Reuters) - House builder Persimmon will confirm on Tuesday that it has made around 1,000 staff redundant, the Telegraph reported on Monday, without citing sources.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:18
Mountains and waterfalls

An unconventional holiday in “The Other Iraq”Standing in a crowded amusement park near Rawanduz, in northern Iraq, waiting to get on a small, mountainside toboggan-run while sucking an ice-lolly that claimed to imitate a watermelon (but more closely resembled chilled, sweetened, pulverised cotton wool), I cannot help but feel that my expectations of Kurdistan have been confounded.Iraqi Kurdistan is not an obvious holiday destination. But when offered the opportunity to spend a week here, I jumped at it. While the rest of Iraq remains mired in conflict, Iraqi Kurdistan is relatively peaceful. After the years of suffering under Saddam Hussein, the Kurds have finally been able to take their fate in their own hands. They are busily building a future. ……
Original Source:


  6 July, 2008| massmedia | Comments (0) @ 23:05
Merrill may consider Bloomberg and BlackRock sales

(Reuters) - Merrill Lynch & Co is moving closer to selling stakes in financial firm BlackRock Inc and information provider Bloomberg LP in an effort to raise cash to make up for $6 billion (3 billion pounds) in coming write-downs, the Wall Street Journal said Monday citing people familiar with the matter.

Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 23:03
Oil hovers near $144

PERTH (Reuters) - Oil was steady around $144 a barrel on Monday, holding near last week’s record high after Iran reasserted its right to pursue uranium enrichment, keeping alive political tensions in the Middle East and adding to worries about oil supplies.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 22:36
Glaxo chief seeks guidance from health systems

(Reuters) - Pharmaceutical giant GlaxoSmithKline plans to give government healthcare systems a say in deciding which drugs advance in its research pipeline, Chief Executive Andrew Witty told The Wall Street Journal.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 21:28
Oil hovers at $144

PERTH (Reuters) - Oil was little changed at around $144 a barrel on Monday, holding near last week’s record high after Iran reasserted its right to pursue uranium enrichment.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 18:36
Coca-Cola agrees to settlement in shareholder lawsuit

PHILADELPHIA (Reuters) - Coca-Cola Co agreed to pay $137.5 million (69.4 million pounds) to settle a shareholder lawsuit that claimed the world’s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 18:06
BP’s rivals shift in Russian tussle

MOSCOW (Reuters) - The fate of the second biggest foreign investment in Russia hangs in the balance amid signs of a shifting mood in the Kremlin which may have wrong-footed investors and one of the world’s biggest oil companies.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 17:25
Pension funds move from equities to bonds

LONDON (Reuters) - Almost half of final salary pension funds have moved assets from equities to bonds in the past year, as they respond to market volatility and aim to match assets more closely with liabilities, figures show.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 16:24
Ireland’s Carroll sells stake in FBD

DUBLIN (Reuters) - Irish property developer Liam Carroll sold his entire shareholding in Irish insurer FBD Holdings last week, the Sunday Times reported.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 10:48
Russia partners say BP legal suit "bullying"

MOSCOW (Reuters) - The Russian partners in BP’s TNK-BP joint venture accused the oil major of “bullying tactics” on Sunday after BP said it is suing them for 8.4 billion roubles (180 million pounds).


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 9:14
Is capitulation on the cards?

LONDON (Reuters) - Profit warnings, breaches of key index levels, record oil prices, stressed consumers and investors seeking safety provide the background for markets this week, and many people are wondering how long this will all last.


Original Source: feeds.reuters.com


  6 July, 2008| massmedia | Comments (0) @ 8:02
G8 urged to act over oil prices

Japan and the US vow to call for “swift action” on oil and food prices at next week’s G8 summit….
Original Source: news.bbc.co.uk


  6 July, 2008| massmedia | Comments (0) @ 6:45
UAE waives billions of Iraqi debt

The UAE says it is cancelling the entire debt owed to it by Iraq, a sum of almost $7bn (£3.5) including interest….
Original Source: news.bbc.co.uk


  6 July, 2008| massmedia | Comments (0) @ 6:21
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