Prince snaps up Fairmont (Stock Trading) - National Post
Prince snaps up Fairmont - National Post
 CTV.ca |
Prince snaps up Fairmont National Post - Fairmont Hotels& Resorts Inc. found a white knight in the form of a Saudi prince yesterday, agreeing to sell the Toronto-based luxury hotel chain to investor Alwaleed bin Talal and a US investment firm for US$3.9-billion. Owner will buy out Fairmont Hotels Colony Capital, Saudi Prince to Buy Fairmont Hotels& Resorts |
UAW warns of strikes against two suppliers - Monsters and Critics.com
| UAW warns of strikes against two suppliers Monsters and Critics.com - Unions representing US auto parts suppliers are warning of strikes if two big bankrupt employers try to cancel their labor contracts. Suppliers' unions threaten strike Tower workers support strike if deals void–unions |
Kraft Foods shares fall in wake of bigger cost-cutting plan - Canada.com
 Washington Post |
Kraft Foods shares fall in wake of bigger cost-cutting plan Canada.com - Shares of Kraft Foods Inc., the biggest US food company, fell more than three per cent Tuesday after the firm disclosed plans to broaden the cost-cutting effort it launched two years ago to boost profits. Kraft Foods Will Cut 8,000 More Jobs, Close 20 Plants (Update5) Kraft slices 8,000 jobs, 20 factories |
Merck, Wyeth Sales Rise Little as Demand Falls for Top Drugs - Bloomberg
 CNN/Money |
Merck, Wyeth Sales Rise Little as Demand Falls for Top Drugs Bloomberg - Merck& Co. and Wyeth said fourth- quarter revenue rose little as competition eroded demand for their biggest-selling drugs. Sales of Merck's Zocor cholesterol pill fell 18 percent as… Merck profit up, adds to defense funds Merck profit slightly higher, beats forecasts |
Savings Rate Lowest Since Great Depression - MSN Money
 Arizona Daily Sun |
Savings Rate Lowest Since Great Depression MSN Money - Americans are spending everything they're making and more, pushing the national savings rate to the lowest point since the Great Depression. Savings rate at lowest level since 1933 US consumers picking up spending |
Caio to quit amid C&W changes - Financial Times
 Telegraph.co.uk |
Caio to quit amid C&W changes Financial Times - Shares in Cable& Wireless dropped 10 per cent yesterday as it warned on profits and announced that Francesco Caio, its chief executive, was to leave in the midst of a reorganisation. Cable& Wireless restructures and warns on profits Cable& Wireless chief to go in revamp |
OPEC to Keep Crude Production Steady - ABC News
 Washington Post |
OPEC to Keep Crude Production Steady ABC News - Minister of State for Petroleum Resources and OPEC's President Edmund Maduabebe Daukoru from Nigeria arrives for a final press conference after a meeting of ministers of the Organization of Petroleum Exporting Countries (OPEC,) on Tuesday, Jan. OPEC seals deal to keep pumping near maximum OPEC to hold to oil levels |
Poland ready to give way on VAT - Financial Times
 Financial Mirror |
Poland ready to give way on VAT Financial Times - Poland said on Tuesday it was ready to compromise in its fight with the rest of the European Union over sales tax rates, amid warnings of serious consequences if it continued to wield its veto. EU struggles to swing Poland on VAT deal as legal limbo looms Poland Blocks EU Tax Accord, Ready for Further Talks (Update5) |
Doll under fire for attack on Mittal bid - MSNBC
 Earthtimes.org |
Doll under fire for attack on Mittal bid MSNBC - Guy Doll , chief executive of Arcelor, was on Tuesday accused of behaving like a"child in a playpen" in his efforts to thwart an 18.6bn ($22.5bn) hostile bid by Mittal Steel, headed by billionaire Indian Lakshmi Mittal. All?eyes?on Nippon as talks with Doll begin Mittal not considering raising Arcelor bid |