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...downturn, especially the massive decline in car leasing contracts in the U.S. It says that its plant in Leipzig will close for a week later this month and its Regensburg plant will shut from Nov 3 to 7, during the Bavarian Fall holidays. Union officials say the company's main plant in Munich may also shut for a few days. Ford plans to cut production at its Saarlouis plant in southwestern Germany and says it is also laying off 204 part-time workers. Mercedes parent Daimler announced earlier this year that because of slower demand it would slow production through...
...What do you think about Sarah Palin? She's just a fascinating phenomenon. She's not Southern at all, certainly, but she's got guns and God and all that. The main thing is that she's just so good-looking. The camera loves her. Let me just say first, I deplore her politics and her world view, but she's the first sexy woman politician and that's kind of refreshing in a way. People call John F. Kennedy sexy and Obama sexy, but women politicians have tended to have to be unsexy, and she might have opened...
...swoon, falling 7.19% after recovering slightly on Thursday. Korea's Kospi index fell 4.13%, while India's Sensex lost 7% of its value after plummeting in morning trading. China was not spared. The CSI 300 index, which tracks both the Shanghai and Shenzhen exchanges, was down 4.43%. Singapore's main index fell 7.72% amid economic news that the island state has slipped into recession for the first time since 2002. In a speech Friday, Singaporean Prime Minister Lee Hsien Loong predicted a continued "rough ride" for Asia. "The world is caught up in a financial storm, and dark clouds fill...
...celebration for current students on April 8 to commemorate the day when Harvard officially voted to establish the Business School, this weekend’s summit is in honor of the beginning of the school’s first academic year. For the alumni event, Quelch noted that the main objective will be to engage faculty with alumni on issues including leadership, globalization, and the financial markets. “We want to bring them back to campus for an experience that will hopefully reignite and re-cement their enthusiasm for the school through this common learning approach, which...
...question the wisdom of the rules governing local-council investments and how local councils interpret them. For the moment, Britons' ire is directed outward: at Iceland's hubris in allowing its banks to expand imprudently. There are also mounting concerns about how Iceland's economic meltdown will affect British Main Streets. Icelandic investment companies also own significant shares in famous retailers such as Debenhams, Hamleys and Oasis, and an Icelandic entrepreneur even owns the East London premiership football club West Ham United...