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Archive for March 16th, 2008Bear close to announcing sale to JPMorganPosted by UK Economy News
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16Mar 08 Bear Stearns Cos Inc hopes to announce a deal this evening to sell itself to JPMorgan Chase & Co , a person familiar with the matter said on Sunday, in a deal that would rescue the fifth-largest U.S. investment bank.
Read full story Bear Stearns close to selling to JPMorganPosted by UK Economy News
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16Mar 08 Bear Stearns Cos hopes to seal a deal to sell itself to JPMorgan Chase & Co before Asian markets open on Monday, the Wall Street Journal reported on Sunday.
Read full story Comments Off Bear Stearns could be sold to JPMorgan Chase for 2.2 bil: WSJPosted by UK Economy News
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16Mar 08 Bear Stearns, fresh from narrowly avoiding collapse, is nearing a deal in which it could be bought by J.P. Morgan Chase for some 2.2 billion dollars, The Wall Street Journal reported online Sunday.
Read full story Comments Off Bangladesh’s GMG to buy six Boeings for 900 million dlrsPosted by UK Economy News
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16Mar 08 Bangladesh's biggest private airline GMG will buy six new Boeing aircraft for 900 million dollars as part of a major route expansion, the company said on Sunday.
Read full story Comments Off Alitalia agrees sale to Air France-KLMPosted by UK Economy News
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16Mar 08 Nearly bankrupt Italian carrier Alitalia has agreed to be bought by Air France-KLM, the world's biggest airline by revenue, for a smaller-than-expected sum of $184 million (91 million pounds) and a pledge to buy back bonds.
Read full story Comments Off E-commerce gaining a foothold in ChinaPosted by UK Economy News
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16Mar 08 With more Internet users than any other nation on the planet, China's e-commerce is booming, but obstacles remain before the full business potential can be unleashed, analysts said.
Read full story Comments Off Alitalia board approves Air France-KLM takeover dealPosted by UK Economy News
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16Mar 08 The board of Alitalia after a marathon meeting approved early Sunday a formal takeover offer put forward by Air France-KLM, placing a very low value on the struggling Italian flag carrier.
Read full story Comments Off Shell to slash oil reserve figures for 2007: reportPosted by UK Economy News
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16Mar 08 Anglo-Dutch oil giant Shell is to cut its reserve figures for 2007, taking about 1.3 billion barrels off its books or the equivalent of nearly one year's production, The Observer said Sunday.
Read full story Comments Off VW says will create 8,500 jobs this yearPosted by UK Economy News
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16Mar 08 Germany's Volkswagen plans to create some 8,500 new jobs worldwide in 2008 after several lean years at the biggest European car maker, a company spokesman said Sunday.
Read full story Comments Off US will ‘do what it takes’ to safeguard markets: PaulsonPosted by UK Economy News
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16Mar 08 Treasury Secretary Henry Paulson said Sunday the US government was "prepared to do what it takes" to ensure the stability of the reeling financial system.
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