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Breaking News Wed, 10 Mar 2010
Robert A. "Bob" Lutz, Vice Chairman of Global Product Development at GM, General Motors Corporation, answers questions at the GM stand as preparations are underway for the Geneva Motor Show in Geneva, Monday, March 2, 2009. Germany's economy minister says the government won't be pushed into a hasty decision following General Motors Corp.'s Opel unit request for euro3.3 billion (US$4.2 billion) in aid. GM Europe proposed Friday that Opel loosen its ties with its beleaguered U.S. parent and said it would need euro3.3 billion in financing or guarantees from European authorities over the next two years. The aim would be to pay the money back by 2015. Guttenberg says "we will not allow ourselves to make a decision under pressure." He commented after the session with GM Europe president Carl-Peter Forster, Adam Opel GmbH CEO Hans Demant, and Klaus Franz, Opel's top employee representative. The 79th Geneva International Motor Show will be open to the public from March 5 through 15.
(photo: AP / Anja Niedringhaus)
Bob Lutz, GM's 'Ultimate Car Guy,' to Retire
The New York Times
| Filed at 8:13 p.m. ET | DETROIT (AP) -- Bob Lutz, the longtime auto industry executive who led nearly a complete overhaul of General Motors' lineup, will retire May 1. | ''My work here is done,'' the 78-year-old executive said in an e-mail to The Associated Press from the Geneva Motor Show on Wedn...
Tesla dealership on Santa Monica Boulevard in Los Angeles, California
(photo: GFDL / Minnaert)
Tesla says loss of engineers in crash was hard, won't derail plans to launch Model ...
Hartford Courant
(AP) — The death of three Tesla engineers in a plane crash last month was a heavy blow for the tight-knit Californian electric car maker, but it is holding onto its plan of producing and selling the new Model S within three years, its chief designer said Wednesday at the Geneva Motor Show. | "...
Swiss Re puts Chile quake insurance cost at $4-7BN
Newsvine
| GENEVA — Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. | Swiss Re said it is common practice for ...
Swiss Re puts Chile quake insurance cost at $4-7BN
The Miami Herald
| GENEVA -- Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. | Swiss Re said it is common practice for prope...
Swiss Re Puts Chile Quake Insurance Cost at $4-7BN
The New York Times
| Filed at 8:00 a.m. ET | GENEVA (AP) -- Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. | Swiss Re said it...
Swiss Re puts total cost to insurance industry of Chile quake at $4-7 billion
Hartford Courant
GENEVA (AP) — Swiss Reinsurance Co. said Wednesday that the strong in last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Re AG. | Swiss Re said it is common practice for property owners in Ch...
General audience: stomach cancer.
Creative Commons / Nephron
Avastin misses target for advanced stomach cancer
The Guardian
* Avastin plus chemotherapy misses goal in Phase III trial * Does not extend survival compared with chemo plus placebo (Adds details, background) ZURICH, Feb 23 (Reuters) - Roche H...
The galleon Neptune at the port of Cannes in May 1986 built for the shooting of the Pirates of Roman Polaski. This sailing ship contributed later on to the promotion of the film. Taken by User: Fekist - www.wikipedia.hu
Creative Commons / Fekist
Polanski gets a `political' Bear hug
Hong Kong Standard
The 60th Berlin Film Festival wrapped up after crowning Roman Polanski best director for the political thriller The Ghost Writer and giving the Golden Bear top prize to a Turkish f...
Nestle
WN / Yolanda Leyba
Nestle profits miss 2009 goal
Ohio
| GENEVA: Swiss food and drinks company Nestle SA reported a full-year net profit of $9.55 billion Friday, a significant drop from the $16.6 billion it earned the previous year, wh...
London to become most highly-taxed finance centre in world as business is driven overseas
The Daily Mail
| London will become the most highly taxed financial centre in the world when the new 50 per cent income tax rate for those earning £150,000 or more comes into force next month. | The findings will raise fears that Labour's levies are driving busines...
UBS renews for almost 400,000 at 1 N. Wacker
Chicago Business
UBS Tower. Photo from CoStar Group Inc. By: Todd J. Behme March 08, 2010 | (Crain’s) — UBS A.G. signed a renewal 1 N. Wacker Drive that cuts its space by two floors to just under 393,000 square feet. | Meanwhile, a Northwestern Mutual office is e...
Roche, Biogen suspend arthritis drug after deaths
The Guardian
* Safety monitoring board detects serious infections * Roche shares fall 0.4 pct, Biogen rises 0.2 pct (Adds analyst comment, Biogen shares) By Katie Reid ZURICH, March 8 (Reuters) - Swiss drugmaker Roche Holding AG and U.S. biotechnology company Bio...
Money Markets
An Indonesian man stands in front of an electronic stock board at the Indonesia Stock Exchange in Jakarta, Indonesia, Thursday, Jan. 24, 2008.
(photo: AP / Ahmad Ibrahim)
Turning over a new leaf
Asia Times
| By Gary LaMoshi | JAKARTA - Last time Asia had an economic crisis, Mark Hanusz was in the middle of it. | Newly transferred to Jakarta by Swiss Bank Corporation in 1997, Hanusz was part of a team that helped collapse Indonesia's currency from 2,500 rupiah to one US dollar on the eve of the crisis to more than 15,000 rupiah per dollar at its nadir...
Finance
Tesla dealership on Santa Monica Boulevard in Los Angeles, California
(photo: GFDL / Minnaert)
Tesla says loss of engineers in crash was hard, won't derail plans to launch Model ...
Hartford Courant
(AP) — The death of three Tesla engineers in a plane crash last month was a heavy blow for the tight-knit Californian electric car maker, but it is holding onto its plan of producing and selling the new Model S within three years, its chief designer said Wednesday at the Geneva Motor Show. | "The plane crash was hard to absorb," Franz von Hol...



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