Business and Finance News
- Lufthansa on strike from Monday
Egypt News.Net
Lufthansa’s 50,000 plus ground staff and cabin crew will go on indefinite strike from Monday.
- Congress approves housing bill
Reuters
Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac, creating a new regulator for the mortgage titans...
- Crashing US market wipes out more banks
Egypt News.Net
The US real estate crash has continued to take prisoners in the US with the closure of two more banks.
- European unions unsure of WTO concessions
Egypt News.Net
Some European Union member nations have expressed concern that the bloc's trade chief Peter Mandelson might be conceding too much at world trade talks in Geneva.
- Qantas jet being checked after near disater
Egypt News.Net
Australian investigators have been trying to discover whether an exploding oxygen canister or metal fatigue were to blame for blowing a hole in a Qantas 747.
- European cars making gains in small car sales
Egypt News.Net
European car makers Volkswagen, Peugeot Citroen and Fiat have come up with better than expected results to defy gloomy forecasts.
- Canada in car share mode
Egypt News.Net
Car-share co-ops have become the rage in Canada.
- Italy close to revealing Alitalia plan
Egypt News.Net
Italy’s Industry Minister Claudio Scajola has told the press that Italy is close to a rescue plan for the near-bankrupt airline Alitalia.
- Nokia pays Germany after pulling out of factory deal
Egypt News.Net
Nokia has said it will reimburse a German state over 1.3 million euros to resolve a plant closure dispute.
- British Energy shareholders still holding out
Egypt News.Net
Shareholders in British Energy, which is Britain’s nuclear power group, will be offered a share of the company’s future profits by Electricite de France, which wants to take over the company.
- U.S. Senate approves $300 billion housing bill
Egypt News.Net
The U.S. Senate has passed a major bill to provide government support for financially troubled homeowners and two of the country's largest mortgage lenders.
- British company, Israel, Palestinians in talks over Gaza gas field
Egypt News.Net
BG Group, the British gas producer, has resumed talks with Israel over developing a gas field off the coast of Gaza, reviving plans to exploit the territory’s only significant energy resource.
- Gazprom and Turkmenistan agree on gas price
Egypt News.Net
Russian gas giant Gazprom has signed an agreement with Turkmenistan raising the price it pays for gas from the Central Asian nation.
- Crocs in the market for a new look
Egypt News.Net
The Crocs shoe company, which is known for its quirky, colourful shoes, is in a meltdown.
- Three more U.S. banks closed down
Egypt News.Net
Three more U.S. banks have failed, prompting Federal regulators to appoint receivers to the banks, and sell off their deposits and other assets.
- UK record companies do a deal with Internet providers
Egypt News.Net
Britain’s biggest record labels are trying to counter illegal file-sharing of music tracks by reaching an agreement with the six largest UK Internet service providers.
- China Eastern Airlines denies merger talks
Egypt News.Net
China Eastern Airlines, which is the country's third largest carrier, has denied rumors of a merger plan with Shanghai Airlines.
- Chavez wants $100 oil
Egypt News.Net
President Hugo Chavez of Venezuela has said he wants to see oil stabilize at around one hundred dollars a barrel.
- Chrysler to stop lease deals
Egypt News.Net
Chrysler plans to get out of the auto leasing business before the end of the year.
- GE becomes four separate businesses
Egypt News.Net
General Electric has decided to restructure into four businesses from six.
- Rolling Stones leave EMI high and dry
Egypt News.Net
The Rolling Stones have signed a long-term, exclusive worldwide contract with Universal Music.
- Beer is the new wine in US
Egypt News.Net
US adults have shown a preference for beer in a new Gallup Poll.
- City and State Brace for Drop in Wall Street Pay
Gadsden Times
Government officials in New York are preparing for what could be the biggest single-year decline in pay on Wall Street in history and with it a vexing shortfall in city and state revenues. A...
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