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Finally, WestLB has sacked its chief executive Thomas Fischer, along with the chief risk officer Matthijs van den Adel, for there alleged involvement in the stock trading scandal that has rocked the German landesbank.
The supervisory board has...
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The number of rigs actively exploring for oil and natural gas in the United States rose by 33 this week to 2,031.
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AP, Washington
Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments.
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AP, New York
Stocks tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow...
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General Motors Corp. is recalling 857,735 vehicles equipped with a heated windshield wiper fluid system for a potential short-circuit problem, according to federal...
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Tips on how to keep your communications alive in a disaster such as a hurricane:
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AP, Moscow
At the outset of this year, Russia proudly proclaimed itself an island of stability at the annual economic gathering in Davos, setting itself apart from the tumult of...
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AP, Detroit
General Motors Corp. says it will offer optional radios with USB ports for personal music players on most of its 2009 models.
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AP, Rome
Italy’s national airline Alitalia says it has filed for bankruptcy protection, taking the first step in reshaping what has been a failing company.
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AP,
Restaurant companies trying to get consumers back into their restaurants are planning to offer lots of deals this fall. But there won’t be discounts across the...
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AP, Birmingham
Gov. Bob Riley negotiated with creditors Friday over whether Alabama’s largest county should seek a deal on its $3.2 billion sewer debt or file the largest...
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AP, Washington
General Motors Corp. said Friday it was recalling 944,000 vehicles because of a problem with a windshield wiper fluid system that could lead to a fire.
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Chennai born and IIM-A educated business stalwart Indra Nooyi of Pepsico has moved up to the third rank in this year’s list, from the fifth last year, to become...
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ICICI’s chief strategy and communications officer and vice-chairperson for insurance, securities and asset management Kalpana Morparia has joined JP Morgan as the...
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AP, Cincinnati
Procter & Gamble Co. Chief Executive A.G. Lafley’s total annual pay fell by nearly 15 percent after the company’s internal financial performance slowed...
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AP, New York
The tropical storm bearing down on the Gulf Coast could be a test for the country’s wireless carriers, which faced criticism and a regulatory push after Hurricane...
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AP,
AirTran Airways: Plans for capacity to fall 7 percent to 8 percent between September and December.
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AP, Washington
General Motors is recalling 944,000 vehicles because of a problem with the windshield wiper fluid system that could lead to a fire.
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AP, New York
Retail gas prices ticked higher Friday, rising for the first time in 43 days as a menacing Tropical Storm Gustav steamed toward offshore oil rigs and coastal...
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AP, New York
Stocks declined unevenly in early trading Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer...
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AP, Portland
With gas prices high, bicycles flying out of stores and a buyers’ market for houses, a handful of real estate agents around the country are touting the...
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AP, Brussels
The European Union has approved a $7.8 billion bailout for Germany’s regional WestLB bank, which was rattled by it’s exposure bad U.S. debt.The German...
made popular Apr 30 2008
AP, Brussels
The European Union has approved a euro5 billion ($7.8 billion) German rescue package for the regional WestLB bank to help it deal with the subprime crisis in the global...
made popular Apr 30 2008
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bank Belgium Brussels Business Deu Duesseldorf EU Europe European Union German Germany lbbw matthijs van den adel Pictorial supervisory board thomas fischer U.S. Images
Duesseldorf:
In this May 8, 2008 file photo, former WestLB bank CEO Juergen Sengera is seen, at the district court in Duesseldorf, western Germany, May 8, 2008. The court on Thursday, June 19, 2008 cleared the former chief executive of public-sector bank WestLB of...
