Oil fell further below $89 a barrel yesterday, adding to sharp losses the previous session, as fears over a possible US economic recession prompted more profit-taking.
Jerry Yang, who pledged last year to lead his team of "Yahoos" to victory, may find investors would rather team up with Microsoft Corp.
Starbucks Corp said it is closing 100 underperforming US stores and slowing domestic openings in the face of a likely consumer recession and "cannibalization" from overbuilding.
BMW expects record sales volume for all three group brands this year after 2007 revenue rose 14.3 percent to a record 56.02 billion euros, the world's No 1 premium carmaker said.
Johnson Controls Inc, the world's largest maker of car batteries and seats, may boost earnings for an 18th straight year in 2008 by relying on orders from Fiat SpA and Volkswagen AG rather than General Motors Corp.
A South Korean court ruled yesterday that Samsung Group companies and its chairman pay creditors of its failed carmaking business $2.4 billion.
Prime Minister Gordon Brown's government proposed measures to allow UK authorities power to seize control and transfer accounts from failing banks to another lender.
Daniel Marino, the former finance chief of the bankrupt hedge-fund firm Bayou Group LLC, was sentenced to 20 years in prison for defrauding investors of more than $400 million.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
