Monthly Archives:  February 2013

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• Italy Court Rejects Challenge to State Bailout of Paschi

  Full Story | 22nd February 2013
  An Italian court rejected a legal challenge to Banca Monte dei Paschi di Siena SpA receiving 3.9 billion euros ($5.2 billion) in state aid.The court in Rome threw out the claim by consumer group Codacons .

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• Apple Falls After IPhone Builder Foxconn Halts Hiring

  Full Story | 21st February 2013
  Foxconn Technology Group, the maker of products including Apple Inc.’s iPhone, said it was freezing hiring at factories in China, fueling concern about a slowdown in consumer-electronics demand and prompting Apple to fall.Foxconn halted recruitment .

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• BHP CEO Marries Oil With Chemistry

  Full Story | 21st February 2013
  When BHP Billiton Ltd. (BHP)’s new chief executive officer Andrew Mackenzie got his doctorate in chemistry in 1980, the ground-breaking research attracted the attention of oil producers including Chevron Corp. It wasn’t until three years .

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• Ford Leads Drop as European Auto Sales Decline to Record

  Full Story | 19th February 2013
  European Union car sales fell to the lowest level for a January, with Ford Motor Co. and PSA Peugeot Citroen posting the biggest drops, as economic contractions in the southern part of the region widened .

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• Porsche Vendor Eyes Brazil for $5 Billion Sales: India

  Full Story | 18th February 2013
  Motherson Sumi Systems Ltd., India’s biggest auto parts maker, is targeting emerging markets including Brazil and China to meet its $5 billion sales target as vehicle deliveries at home drop.The company that’s 25 percent owned .

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• Carlsberg Slumps as Brewer Scraps Medium-Term Margin Goal

  Full Story | 18th February 2013
  Carlsberg A/S, the Danish owner of Russia’s biggest brewer, scrapped its medium-term profitability goal amid increasing costs for making beer and expenses for changes to product buying and logistics.The February 2010 target to boost operating .

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• JPMorgan Said to Fire Traders, Realign Pay Amid Slump

  Full Story | 15th February 2013
  JPMorgan Chase & Co.’s equities unit dismissed about two dozen U.S. traders and sales staff and cut pay 4 percent to more closely align it with revenue after the industry’s worst year for stock trading .

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• New Malta Government Stocks Issue February 2013

  Full Story | 15th February 2013
  The Treasury has just announced details of the new MGS issues. The Government of Malta will be issuing the following fixed rate Malta Government Stocks authorised under the Local Loans (Registered Stock and Securities) Ordinance, .

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• Berkshire Joins 3G Capital to Buy Heinz for $23 Billion

  Full Story | 14th February 2013
  Warren Buffett’s Berkshire Hathaway Inc. and 3G Capital agreed to buy HJ Heinz Co. in a deal for about $23 billion as the chairman increases his bets on consumer products.The buyers will pay &72.50 a .

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• AMR, US Airways Boards Said to Approve $11 Billion Merger

  Full Story | 14th February 2013
  AMR Corp.’s American Airlines and US Airways Group Inc. are poised to announce an $11 billion merger today that will create the world’s largest carrier and shrink the U.S. industry to three dominant companies, people .