Word: creditably
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...shareholder. Pischetsrieder, 58, was replaced by the head of Audi, Martin Winterkorn, 59, a Piëch loyalist. VW's financial prospects have brightened in recent months, and investors and industry officials fretted that Pischetrieder's exit could jeopardize the restructuring. "We see it as negative for VW," reckoned Credit Suisse analyst Harald Hendrikse. At France's Peugeot Citroën, Europe's second largest carmaker, Christian Streiff was appointed to succeed Jean-Martin Folz, 59, after he failed to reverse slumping sales. Streiff, 52, who has a reputation as a tough cost cutter, recently resigned as head of Airbus...
...over yet. Anglo-Dutch steelmaker Corus agreed last month to an $8 billion takeover bid by Tata Steel. The deal is the largest-ever Indian acquisition of a foreign firm, and it will catapult Tata from the world's 56th largest steel producer to the fifth. "All credit goes to Ratan Tata," says Sanjay Bhandarkar, managing director of the N.M. Rothschild private bank in India. "He clearly has a vision and knows what he's doing...
...Speaking to reporters on Thursday, Ricke noted that the company's shares gained some 25% in value since he announced his cost-cutting measures. But analysts and traders credit that rise to continued speculation of a management shake-up and potential takeover of the German phone giant. Lacking any good news on the company's business outlook after an analyst meeting on Thursday, Telekom's shares tumbled 2.45% on Friday after some analysts downgraded the stock...
After starting its ECAC slate 0-3 and with the high-ranked Eagles looming, the Crimson (1-3-0, 0-3-0 ECAC) seemed doomed to head into the hostile confines of the Big Red’s Lynah Rink without a victory to its credit. But a 4-0 blanking of Boston College put Harvard in the win column...
...back to quizzes for the Crimson. Harvard (3-1-0, 3-1-0 ECAC) hosts a pair of traditionally soft conference foes at Bright Hockey Center this weekend. First up is Colgate (2-6-1, 2-0-0) at 7 p.m. tomorrow night. The Raiders, to their credit, knocked off league rivals Brown and Yale two weeks ago and pushed No. 2 Mercyhurst in a pair of non-conference tilts last weekend. The puck drops at 4 p.m. on Saturday, as the Crimson meets Cornell (1-4-1, 1-1-0). The Big Red’s leading scorer, with...