| Stock Options: |
| |
|
Untitled Document
|
| |
Nordic Countries to Lend Iceland $2.5 BillionFinland’s Finance Ministry said that four Nordic countries would lend Iceland $2.5 billion to help the country recover from its economic meltdown.
Markets in Europe and Asia Follow Wall Street DropStocks fell sharply in Europe and Asia a day after a withering sell-off on Wall Street sent U.S. stocks to their lowest close since 2003.
Sarkozy’s Fiscal Meeting Raises Diplomatic HacklesSome American officials are on edge following French President Nicolas Sarkozy’s aggressive statements about American capitalism, and his decision to hold his own financial summit meeting.
Emerging Powers Seen Taking Lead in RecoveryIt will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts.
Ex-Head of Bank of Italy to Go on TrialTwo years after his stint at the helm of the central bank ended in scandal, Antonio Fazio goes on trial in Milan, accused of rigging markets to keep Italian banks in Italian hands.
F.D.A. Opens Office in Beijing to Screen Food and Drug ExportsThe U.S. opened a branch of the Food and Drug Administration in the Chinese capital, the first of several overseas offices aimed at regulating the safety of imported food and medicine.
France Dominates Europe’s Digital LibraryA new digital library, called Europeana, intends to showcase Europe’s history, literature, arts and science.
Entrepreneurial Edge: An Eye on Growth, Deals Stretch Across the PacificDespite the worldwide downturn, the ties between small businesses in China and Southern California should continue to grow.
Chemical Maker Cuts Output Amid DownturnBASF said that it would temporarily halt or slow production at 180 plants around the world as it adjusted to a “massive decline in demand” brought on by the current economic turmoil.
Facing a Slowdown, China’s Auto Industry Presses for a Bailout From BeijingChina’s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said.
Ford, Trying to Raise Cash, Sells Stake in MazdaThe U.S. automaker, scrambling for cash as it struggles to stay alive, has agreed to sell about two-thirds of its Mazda stake for about $538 million.
Asian Banks, Once Thought Safe From Crisis, Are Now HurtingHSBC announced that it would cut 500 jobs in Asia. And Citigroup’s roughly 50,000 employees were faced with the reality that some of job cuts announced Monday could hit them.
Barclays Amends Plan for Equity Stake SaleThe British banking giant bowed to protest over its equity stake sale by offering the same terms to institutional investors that it gave to its largest Middle Eastern shareholders.
Dutch Insurer May Tap FundAegon, the Dutch owner of the American insurer Transamerica, said it had signed up with the United States’ financial rescue program but added it did not yet plan to ask for aid.
Carrefour Replaces Its Chief ExecutiveThe French retail giant Carrefour said it would replace José Luis Durán as its chief executive to try to end shareholder tension over its performance and strategy.
Pepsi Bottling Cuts 3,150 Jobs, Mostly in MexicoThe cuts are part of a restructuring plan at Pepsi Bottling Group, which cut its forecast for full-year earnings, citing weaker foreign currencies.
Computing From Weather to WarcraftPrice drops are allowing more corporations to buy supercomputers for everything from processing movie graphics to searching for oil.
No Bonuses for Top Executives at UBSThe Swiss banking giant joined Goldman Sachs in saying that its top executives would get no bonus this year as public scrutiny of bankers’ compensation intensified.
Canadian Insurer Revises Its Stance on Auto SuppliersExport Development Canada has stopped writing new polices to protect Canadian auto parts makers in the event of a bankruptcy filing by Chrysler.
Privacy Laws Trip Up Google’s Expansion in Parts of EuropeGoogle is getting caught in a web of privacy laws that threaten its growth and the positive image it has cultivated as a company dedicated to doing good.
Samsung Is Hit With Patent SuitsA struggling Silicon Valley maker of flash memory chips filed a pair of sweeping patent infringement suits against Samsung.
G.M. Sells Suzuki Stake in Its Effort to Raise CashCash-strapped General Motors will sell its entire stake in the Japanese automaker for $230 million.
Bank to Add to Chinese InvestmentBank of America said it would nearly double its stake in China Construction Bank, in spite of the spreading global financial crisis.
Japan’s Economy, World’s Second Largest, Is in RecessionJapan’s economy has been hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.
Concession by Iceland Clears Path for I.M.F. AidIceland said that it had agreed to cover European depositors at failed banks, breaking an impasse that had held up the dispersal of billions of dollars in international aid.
Russia’s High-Tech Sector ReelsThe travails of a young company in Moscow offer a glimpse into the toll that the global financial crisis is taking on the budding entrepreneurial culture in Russia.
World Leaders Vow Joint Push to Aid EconomyThe leaders of 20 countries agreed to work more closely, but put off thornier questions until next year in an early challenge for the Obama administration.
As Leaders Wrestle With Economy, Developing Nations Get Ringside SeatsBy insisting that developing nations be included in the economic summit meeting, President Bush gave fresh clout to their leaders.
|
| |
| |
|
