Biz People

VW chief eyes 8 percent growth

IN BRIEF (Page 16)

Business International

Tata reveals his $2,500 'People's Car'

Tata Motors Ltd, India's largest truckmaker, unveiled the country's cheapest car yesterday, pricing it at 100,000 rupees ($2,500), as it aims to convince the nation's motorbike riders to trade up to four wheels.

Nano seeks profit in affordability

India signaled to the world a very tentative arrival as the next hub for global disinflation as Ratan Tata yesterday unveiled his $2,500 car, the cheapest ever.

News Corp says it sees no signs of US slowdown

News Corp has not seen signs of a business slowdown due to US economic weakness and the company is in good shape to withstand the Hollywood writers strike, its chief operating officer said on Wednesday.

IN BRIEF (Page 16)

Business International

Bear Stearns boss to repel boarders

Bear Stearns Cos Inc's management shake-up could make the investment bank a takeover target, but the possibility of more writedowns and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said.

IKEA becomes second home

When furniture retailer IKEA promoted its latest US sale by asking customers on its website if they are "ready to take advantage of us", one customer took them up on the offer in a novel way.

Millionaires' bankers may be next to feel pain

As the credit crisis drags on, not even the world's millionaire investors are immune from its effects, and the private banks which manage their money could be next to feel the pain.

Starbucks may be making big error

Howard Schultz, Starbucks Corp's founder, is being treated as this year's answer to Apple Inc's Steve Jobs or Charles Schwab Corp's namesake. History suggests this may be a mistake.