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Volkswagen Group net profit plunges by over 80% in 2009
Posted: March 12th, 2010, 9:54am EST
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European auto giant Volkswagen Group today reported an over 80 per cent plunge in net profit for the year 2009 and said the prospect of the global auto industry remains grim this year also. -
Emerging nations' billionaires eating into American pride
Posted: March 11th, 2010, 2:03pm EST
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Bill Gates is not the world's richest man anymore. Carlos Slim is the new fat cat. The Mexican telecom tycoon has displaced Gates at the top of Forbes billionaires list for 2010. -
Data of 24,000 Swiss a/c holders stolen: HSBC
Posted: March 11th, 2010, 1:57pm EST
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Information on 24,000 HSBC customers with Swiss accounts has been stolen, British bank HSBC said on Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries. -
BMW 2009 profit falls 36% to $286 million
Posted: March 11th, 2010, 6:35am EST
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German carmaker BMW AG said Thursday its 2009 net income fell 36% to euro210 million ($286 million) because of lower demand for its cars and motorcycles during the economic downturn as well as a higher tax rate. -
HSBC Swiss branch data theft affects 24,000 clients
Posted: March 11th, 2010, 5:19am EST
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Some 24,000 customers may have been affected by the theft of data from a Swiss branch of banking giant HSBC three years ago, Alexandre Zeller, chief executive of HSBC Private Bank, said. -
Toyota to recruit 1,200 employees in FY 2010
Posted: March 11th, 2010, 1:58am EST
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Toyota Motor Corp said it plans to recruit 1,200 people for the 2010 business year starting in April, but will not hire clerical staff due to uncertain economic conditions. -
Telecom magnate Carlos Slim is 'world's richest' person: Forbes
Posted: March 10th, 2010, 8:24pm EST
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Mexico's Carlos Slim, the son of an immigrant shopkeeper who amassed a $53.5 billion fortune and bought a major stake in the New York Times, became the first person from a developing nation to be named the world's richest person. -
Talks to avert BA cabin crew strike break down: Trade Union Congress
Posted: March 10th, 2010, 3:09pm EST
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Talks between British Airways and labour unions aimed at averting a strike by the airline's cabin crew have broken down, the Trades Union Congress said on Wednesday. -
US budget deficit hits record high in February
Posted: March 10th, 2010, 2:28pm EST
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The US government registered a record budget deficit in February, the 17th consecutive month of running in the red, the Treasury said on Wednesday. -
Iceland unemployment up sharply: Data
Posted: March 10th, 2010, 8:51am EST
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Iceland's unemployment rate jumped to 9.3 percent of the work force in February from 9.0 percent in January, official figures showed on Wednesday.