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Business News
Postbank sale may fail over target price: report (Reuters)

A woman walks past a Postbank branch in Frankfurt, Germany, June 17, 2004. (Alex Grimm/Reuters)Reuters - The sale of Germany's biggest retail bank Deutsche Postbank could fail because the price potential bidders are willing to pay does not meet the expectations of the lender's parent, Deutsche Post, a German magazine reported on Saturday.
Auto sector woes could spur deals: Renault CEO (Reuters)

Nissan Motor Co and Renault SA's Chief Executive Carlos Ghosn listens to a question during a news conference in Yokohama, south of Tokyo June 25, 2008. (Yuriko Nakao/Reuters)Reuters - A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.
BCE buyers finalize funding (Reuters)

A sign is seen outside the offices of BCE Inc., Canada's largest telecoms group, in Montreal, May 21, 2008. (Shaun Best/Reuters)Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price.
Hyundai union calls for work stoppage next week (Reuters)

An employee talks on a phone at a Hyundai automobile shop in Seoul April 24, 2008. Unionized employees of Hyundai Motor Co will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday. (Jo Yong-Hak/Reuters)Reuters - Unionized employees of Hyundai Motor Co (005380.KS) will walk off the job for four hours next week to push for a pay increase, the auto maker's union said on Saturday.
Alabama likely site of new VW plant: report (Reuters)
Reuters - Alabama will be the likely home of a new Volkswagen manufacturing plant, beating two other states, German industry newsletter Automobilwoche said on Saturday, citing senior company sources.
Smooth sailing for yacht builders despite economy (AP)

Workers continue preparations on a super yacht at Trinity Boats in New Orleans, Tuesday, April 29, 2008. These days at New Orleans-based Trinity Yachts, the largest domestic builder, the biggest problems are having enough workers and enough time to handle the 24 custom contracts the company has for the luxury vessels. 'Nobody is buying these yachts because they need them,' said William S. Smith III, Trinity's vice president. 'They're buying them because they want them.' (AP Photo/Dave Martin)AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.
Chilean volcano could spew for months - 08, May 2008

PUERTO MONTT, Chile (Reuters) - Experts believe Chile's Chaiten volcano could continue belching out vast clouds of ash for months but distraught people evacuated from nearby towns say they yearn to return as soon as possible.



By Antonio de la JaraPUERTO MONTT, Chile (Reuters) - Experts believe Chile's Chaiten volcano could continue belching out vast clouds of ash for months but distraught people evacuated from nearby towns say they yearn to return as soon as possible.Ash that has reached as far as Argentina continued to spew for a sixth day on Wednesday, disrupting flights to the southern Patagonia region with no sign of let-up."Everything is so uncertain," said Patricio Ide, 40, who was evacuated from the remote village of Chaiten to Puerto Montt, 125 miles away from the volcano."This could last a month, three months, maybe we can never return. We are so worried," the mechanic said through tears. A coating of ash over 6 inches thick has built up in places and has contaminated ground water supplies.Chaiten village can only be reached by boat or by air and the navy took people out aboard warships.The surprise eruption of the long dormant 3,280-foot (1,000-meter) Chaiten volcano has forced the evacuation within a 30 mile radius of the volcano, including more than 4,500 residents of Chaiten six miles from it.After a surge in activity on Tuesday, when the volcano spat hot rocks and lava and the column of ash surged, officials said its two craters had fused, helping ease pressure.But the eruption continued and experts said it would be weeks and possibly even months before residents who had to leave their belongings, pets and lives behind could return. 





(c) 2008 Reuters
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  9. Solar system a bit squashed, not nicely round - 03, Jul 2008

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