Indian business baron Ratan Tata has proved detractors wrong before, and needs to do it again as he parks luxury car brands Jaguar and Land Rover in an auto empire that includes the world's cheapest car.
Ford Motor Co removed a major distraction from its massive restructuring plan with the sale of luxury brands Jaguar and Land Rover to India's Tata Group, analysts said.
India's Tata Motors Ltd said yesterday it was confident its $2.3 billion deal to buy Jaguar and Land Rover from Ford should improve its balance sheet in the long term.
Archer Daniels Midland Co, a major food processor, has filed suit against five major US railroads, alleging they schemed to fix fuel surcharges, according to court documents.
Legendary oil investor T. Boone Pickens, who made more than $1 billion in 2006 by betting on rising oil prices, said he expects oil prices will hold near or above $100 a barrel for the rest of this year.
Deutsche Bank AG, Germany's biggest bank, said the US subprime collapse and slowing economic growth will make it harder to reach a full-year profit goal.
Motorola Inc plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business, exiting a market it created 25 years ago.
The United Kingdom's financial services regulator admitted yesterday that it had done a poor job of supervising Northern Rock, the mortgage lender which became the UK's most prominent victim of the subprime mortgage crisis.
|
|
|
|
|
|
|
|
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
