Jan 31 2008

Societe Generale head is saved

Tag: BusinessRaluca Dina @ 2:29 am

The French government has vowed to defend the crisis-hit bank, Societe Generale, from any hostile takeover. But analysts warn the state has limited power to protect the troubled giant from market predators after a loss of 4.82 billion euros in a trading scandal. Bank chief Daniel Bouton has shaken off rumours of his ouster; the bank’s board of directors “unanimously reaffirmed its confidence” in him during a crisis meeting on Wednesday.

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Jan 18 2008

Local Researchers Address Cloned Embryos

Tag: BusinessRaluca Dina @ 4:41 am

Cloned Embryos: A big medical breakthrough relating to stem cell research in which scientists used skin cells to produce embryos were clones of two men was a hot topic that local people, including researchers discussed.

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Jan 14 2008

US releases new naval video

Tag: BusinessRaluca Dina @ 1:17 am

The US has released new footage of the naval stand-off between Iranian patrol boats and US warships.

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Dec 19 2007

Naked girls protest

Tag: BusinessRaluca Dina @ 1:49 am

Animal rights protestors pretend to be grocery store meat products to promote a vegetarian holiday season


Nov 27 2007

Indians bid for Ford luxury brands

Tag: BusinessRaluca Dina @ 10:12 pm

Ford’s UK unions have voted to support Tata’s bid but investors have cooled over fears that the acquisition is too complex given their other ambitious expansion plans.


Nov 11 2007

Emirates Places $8.4bn Order for Rolls-Royce Trent XWB

Tag: BusinessRaluca Dina @ 12:54 pm

Rolls-Royce announced at the Dubai Airshow that Emirates Airline has ordered Trent XWB engines to power up to 120 Airbus A350 XWB aircraft. The business is potentially worth up to $8.4 billion at list prices, if all options are exercised, including a long-term TotalCare® services agreement. The Rolls-Royce Trent XWB is currently the only engine available on the A350 XWB family. Emirates has ordered 50 firm A350-900 and 20 A350-1000 aircraft, with 50 option rights, due for delivery from 2014. The Trent XWB is the fourth version of the Trent family ordered by Emirates and will bring its Trent-powered fleet to potentially 175 aircraft. Emirates operates 29 Airbus A330s powered by the Trent 700, 21 Trent 800-powered Boeing 777s and 10 A340-500s, for which the Trent 500 is the sole engine.