Items by By DAVID JOLLY
NYT > Health
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Push for the Right to Die Grows in the Netherlands
Posted: April 3rd, 2012, 2:29pm EDT by By DAVID JOLLY
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Dr. Petra de Jong leads the euthanasia advocacy group Right to Die-NL.Right to Die-NL has created mobile teams to help patients die at home, and is now calling for legislation to make euthanasia available to anyone over age 70, sick or not.
NYT > Business
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Swiss President Wants Tax Accord From U.S.
Posted: March 8th, 2012, 7:32pm EST by By DAVID JOLLY
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''We could sign it tomorrow if the United States wants to do it," said President Eveline Widmer-Schlumpf, who is also finance minister.
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DealBook: Societe Generale Profit Fell 89% in 4th Quarter
Posted: February 16th, 2012, 6:11am EST by By DAVID JOLLY
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The French bank said net income fell 89 percent from a year earlier, to 100 million euros ($130 million); analysts had expected profit of more than 300 million euros.
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DealBook: BNP Paribas Profit Falls 51% on Greek Debt Write-Down
Posted: February 15th, 2012, 7:19am EST by By DAVID JOLLY
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BNP Paribas, the largest French bank, said that its quarterly profit declined by more than half as it wrote down the value of its Greek debt holdings.
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A New Question of Internet Freedom
Posted: February 6th, 2012, 8:40am EST by By DAVID JOLLY
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European activists are hoping to stop the international Anti-Counterfeiting Trade Agreement, which they say will erode Internet freedom and stifle innovation.
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Hungarian National Airline Halts Flights
Posted: February 3rd, 2012, 4:43am EST by By DAVID JOLLY
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The money-losing airline was placed under control of a bankruptcy trustee, prompting creditors to begin seizing its planes outside the country.
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Data Show German Economy Stalling
Posted: January 12th, 2012, 1:17am EST by By DAVID JOLLY
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The government reported that the German economy expanded by 3 percent in 2011, but estimated that it actually contracted in the final quarter of the year.
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Saab Files for Liquidation
Posted: December 19th, 2011, 8:00pm EST by By DAVID JOLLY
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Saab Automobile’s move was expected after General Motors, the former owner, objected to a planned Chinese investment.
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Geithner Sees 'Progress' in Efforts to Shore Up Euro
Posted: December 7th, 2011, 9:04am EST by By DAVID JOLLY
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In Paris, the U.S. Treasury Secretary stressed the importance of restoring confidence in the euro for growth around the world, as Germany pulled off a successful bond auction.
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Geithner Sees 'Progress' in Efforts to Shore Up Euro
Posted: December 7th, 2011, 9:04am EST by By DAVID JOLLY
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In Paris, the U.S. Treasury Secretary stressed the importance of restoring confidence in the euro for growth around the world, as Germany pulled off a successful bond auction.
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Moody's Downgrades Hungary
Posted: November 25th, 2011, 6:49pm EST by By DAVID JOLLY
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The rating agency also hinted that further cuts could come.
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Stocks and the Euro Fall as Borrowing Costs Remain High
Posted: November 16th, 2011, 7:50am EST by By DAVID JOLLY
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Italian bonds traded at levels that suggest investors are skeptical that a new government can cut costs and stimulate growth.
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DealBook: Credit Suisse to Turn Over Data on Some U.S. Accounts
Posted: November 8th, 2011, 9:33am EST by By DAVID JOLLY
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Credit Suisse has been ordered by the Swiss government to turn over account data on certain wealthy American clients to aid the United States in its effort to crack down on tax evasion.
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DealBook: Société Générale Profit Falls 31% in Third Quarter
Posted: November 8th, 2011, 8:56am EST by By DAVID JOLLY
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The French bank said its third-quarter net profit fell by nearly a third from the period a year earlier, weighed down by the cost of writing down its exposure to Greece.
NYT > Home Page
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Charlie Hebdo, French Magazine, Firebombed
Posted: November 2nd, 2011, 9:34am EDT by By DAVID JOLLY
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The office of Charlie Hebdo, a weekly, had recently published an issue “guest edited” by the Prophet Muhammad in recognition of the Islamist party that won the Tunisian elections.
NYT > Business
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The Divergent Fortunes of Saab and Volvo
Posted: October 25th, 2011, 1:16am EDT by By DAVID JOLLY
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Cut loose by U.S. owners, Saab became an entrepreneur’s long-odds dream, while Volvo thrived.
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Stock Rally Continues on Wall Street
Posted: September 27th, 2011, 10:15am EDT by By DAVID JOLLY
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Shares were lifted by continued hopes that European leaders were drafting more ambitious measures to deal with the euro zone debt crisis.
NYT > Home Page
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Stock Rally Continues on Wall Street
Posted: September 27th, 2011, 10:15am EDT by By DAVID JOLLY
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Shares were lifted by continued hopes that European leaders were drafting more ambitious measures to deal with the euro zone debt crisis.
NYT > Business
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Saab Files for Bankruptcy Protection
Posted: September 7th, 2011, 9:40am EDT by By DAVID JOLLY
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Saab Automobile and two subsidiaries filed for “voluntary reorganization” to buy time until planned investments from Chinese companies materialize.
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Italy's Borrowing Costs Jump
Posted: July 28th, 2011, 11:30am EDT by By DAVID JOLLY
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Italy paid almost a full percentage point more than a month ago at an auction of 10-year government bonds, in the latest sign of investor jitters.
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European Union Proposes Overhaul of Fisheries Policy
Posted: July 13th, 2011, 9:41pm EDT by By DAVID JOLLY
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Critics said the plan does not address the most pressing issue: too many boats chasing too few fish.
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Nokia Lowers Second-Quarter Forecast and Abandons 2011 Profit Goals
Posted: May 31st, 2011, 10:59pm EDT by By DAVID JOLLY
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The cellphone giant is battling to maintain its position in the face of competition from the iPhone and Android.
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Bank of England Cuts Growth Forecast for Britain
Posted: May 11th, 2011, 3:05pm EDT by By DAVID JOLLY
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The head of the Bank of England said inflation could rise to 5 percent in 2011 or 2012, from the recent rate of 4 percent.
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DealBook: Net Inflows Help UBS Beat Expectations
Posted: April 26th, 2011, 5:17pm EDT by By DAVID JOLLY
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UBS, the Swiss bank, reported strong growth in its core wealth management business, but profit fell 18 percent in the quarter.
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DealBook: Fiat to Raise Chrysler Stake to 46 Percent
Posted: April 21st, 2011, 2:12pm EDT by By DAVID JOLLY
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Fiat says it will spend $1.3 billion to add to its controlling stake in the Chrysler Group, and aims to have a majority shareholding this year.
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Shake-Up at Renault Over ‘Chain of Failures’
Posted: April 11th, 2011, 8:13pm EDT by By DAVID JOLLY
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Carlos Ghosn, Renault’s chief, escaped with his job Monday, but a debacle over false charges of industrial spying cost the carmaker’s chief operating officer and six others their posts.
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UBS Posts First Yearly Profit Since Financial Crisis
Posted: February 8th, 2011, 5:04pm EST by By DAVID JOLLY
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The Swiss banking giant reported “substantial progress” in turning around its business, but the wealth management division continued to struggle.
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Renault Files Criminal Complaint of Industrial Espionage
Posted: January 14th, 2011, 12:43am EST by By DAVID JOLLY
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The announcement comes a few days after Renault held disciplinary hearings as a prelude to dismissing three suspended executives.
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Renault Espionage Gained No Key Secrets, Official Says
Posted: January 8th, 2011, 2:49pm EST by By DAVID JOLLY
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A French official played down the possibility of Chinese involvement in the spy case, saying the government would wait for the results of an investigation.
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DealBook: French Agency Grants Hermès a Waiver for Its Anti-Takeover Plan
Posted: January 6th, 2011, 11:50am EST by By DAVID JOLLY
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The French market regulator said Hermes family shareholders could group their shares without having to offer to buy out minority shareholders.
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Spain Borrowing Costs Jump Ahead of E.U. Summit
Posted: December 16th, 2010, 9:06am EST by By DAVID JOLLY
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Spain paid a sharply higher interest rate on an auction of long-term bonds while a new strike hit Greece, raising pressure on Europe ahead of a summit meeting.
NYT > Home Page
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Moody’s Warns on Spanish Rating
Posted: December 15th, 2010, 7:59am EST by By DAVID JOLLY
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European stocks and the euro fell after Moody's Investors Service put Spanish bonds on watch for a ratings downgrade.
NYT > Business
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DealBook: PPR Nears Sale of Furniture Unit
Posted: December 9th, 2010, 12:34pm EST by By DAVID JOLLY
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Shedding Conforama is seen by some as a sign that a bid for Burberry may come next.
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Wall Street Rises on Tax Compromise
Posted: December 7th, 2010, 10:10am EST by By DAVID JOLLY
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One analyst characterized the compromise on the tax deal as something that will put some confidence back in corporate America.
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Families Controlling Hermès Move to Fight Off a Takeover
Posted: December 6th, 2010, 5:31pm EST by By DAVID JOLLY
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The Hermès family, which owns about 73 percent of the company, said that it would create a holding company and trade shares among themselves.
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Unemployment Rises in Europe, Weighing on Euro
Posted: November 30th, 2010, 10:20am EST by By DAVID JOLLY
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Unemployment in the euro zone rose in October to its highest level in more than 12 years.
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Stocks Flat in Europe Following Details of Irish Aid
Posted: November 29th, 2010, 6:31am EST by By DAVID JOLLY
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Stocks wobbled in Europe and the euro fell Monday, a day after an aid package for Ireland was unveiled.
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In Paris, One Luxury Retailer Is Suspicious of the Intentions of Another
Posted: November 25th, 2010, 7:40pm EST by By DAVID JOLLY
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LVMH Moët Hennessy Louis Vuitton, controlled by Bernard Arnault, has acquired a 17.1 percent stake in Hermès International, which wants to stay independent.
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German Business Confidence Jumps
Posted: November 24th, 2010, 7:00pm EST by By DAVID JOLLY
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The Ifo economic research institute said its surveys showed confidence among German business in November was at the highest level since reunification in 1990.
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Hermes Bets Future Independence on 'Value' Over 'Volume'
Posted: November 23rd, 2010, 4:35pm EST by By DAVID JOLLY
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Analysts suspect Bernard Arnault, one of the world’s wealthiest men, would like to add the family-controlled company to his stable at LVMH, after quietly building a sizable minority stake.
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Green: Nations Face Off Warily on Bluefin Tuna
Posted: November 16th, 2010, 4:09pm EST by By DAVID JOLLY
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Countries circle warily as an intergovernmental commission known for backroom deals convenes a conference on threatened fishing stocks.
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Barclays Profit Hit by Big Loss at Investment Banking
Posted: November 9th, 2010, 7:01am EST by By DAVID JOLLY
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The British bank said third-quarter profit fell by more than three-fourths from a year earlier, mainly due to a charge for marking down debt the company had issued.
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In Departure, Spanish Bank Looks to Turkey for Growth
Posted: November 2nd, 2010, 12:37pm EDT by By DAVID JOLLY
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B.B.V.A. is shifting its focus from Latin America to acquire a big stake in Turkey’s largest lender.
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U.S. Falls in Annual Corruption Survey
Posted: October 26th, 2010, 1:45pm EDT by By DAVID JOLLY
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Denmark, New Zealand and Singapore are seen as having the world’s cleanest governments, while Somalia, Myanmar and Afghanistan are the most corrupt, a survey said.
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Rating Agency Raises Outlook for Britain After Cuts
Posted: October 26th, 2010, 1:45pm EDT by By DAVID JOLLY
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The move came shortly after the government said the British economy grew more rapidly in the third quarter than many economists had expected.
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Siemens Wins Battle of Fast Trains
Posted: October 7th, 2010, 3:59pm EDT by By DAVID JOLLY
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Eurostar said it had chosen Siemens over Alstom as the winner of a contract to upgrade its aging fleet of high-speed trains.
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Booming Car Sales in China May Bypass Diesels
Posted: October 2nd, 2010, 1:17am EDT by By DAVID JOLLY
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China’s fast-developing auto market may move straight to gasoline-hybrid vehicles, BMW’s head of sales and marketing said Friday.
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Paris Auto Show Focuses on Green Cars
Posted: September 29th, 2010, 12:33pm EDT by By DAVID JOLLY
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The theme of the show, “The Future, Today,” points to what many in the industry hope will be a successful commercialization of electric cars. Meanwhile, they are racing to build more of today’s cars in China.
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Fiat Shareholders Approve Plans to Separate Businesses
Posted: September 16th, 2010, 2:23pm EDT by By DAVID JOLLY
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The company hopes the move to split up its industrial and automotive businesses will increase the value of the two units.
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Britain Keeps Interest Rates on Hold Amid Worries About Global Recovery
Posted: September 9th, 2010, 7:30am EDT by By DAVID JOLLY
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The Bank of England held steady on its benchmark interest rate amid warnings that the pace of recovery among major economies appears to be slowing faster than anticipated.
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Inquiry Into Paper for Bank Notes
Posted: September 7th, 2010, 9:38pm EDT by By DAVID JOLLY
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The company, De La Rue, said the British authorities had been asked to look into “deliberately falsified” tests on paper used to make bank notes.
NYT > Home Page
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Strikers in Paris and London Hamper Travel
Posted: September 7th, 2010, 12:30pm EDT by By DAVID JOLLY
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Unions started a major strike on Tuesday over President Nicolas Sarkozy’s plans to raise the retirement age. In London, transit workers went off the job over a layoff plan.
NYT > Business
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Germany Plans Limits on Facebook Use in Hiring
Posted: August 26th, 2010, 4:57am EDT by By DAVID JOLLY
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The German government proposed new restrictions on employers’ use of Facebook profiles when recruiting.
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European Data Point to Strength, but Doubts Linger
Posted: August 24th, 2010, 12:26pm EDT by By DAVID JOLLY
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New orders for industrial products in the 16 countries sharing the euro rose 2.5 percent in June from May, and 22.6 percent from June 2009.
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E.C.B. Auction Provides Reassurance on Banks
Posted: June 30th, 2010, 2:50pm EDT by By DAVID JOLLY
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Europe's financial institutions sought far less money from the European Central Bank on Wednesday than many analysts had expected.
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Swiss Give Final Approval to UBS Tax Deal
Posted: June 17th, 2010, 9:04am EDT by By DAVID JOLLY
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Lawmakers overcame the last obstacle to an agreement with the United States under which the bank will give up information on 4,450 suspected tax cheats.
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Greece Announces Sale of State Assets
Posted: June 2nd, 2010, 12:16pm EDT by By DAVID JOLLY
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Among other steps, the government will sell 49 percent of the state railroad, list ports and airports on the stock market and privatize the country’s casinos.
NYT > Sports
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Head of French Lab That Floyd Landis Criticized Feels Vindicated
Posted: May 21st, 2010, 1:40am EDT by By DAVID JOLLY
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Pierre Bordry, the president of France’s anti-doping agency, said Floyd Landis’s admission of doping was a result of the pressure the authorities put on him.
NYT > Business
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Short-Term Greek Debt Sale Succeeds
Posted: April 20th, 2010, 2:58pm EDT by By DAVID JOLLY
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But the country’s long-term prospects worsened amid skepticism that it can pull itself out of a financial hole without drawing on aid from the European Union and I.M.F.
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Daimler, Nissan and Renault Unveil Alliance
Posted: April 7th, 2010, 11:50pm EDT by By DAVID JOLLY
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The three automakers will share small-car technology and power trains in an attempt to compete with Toyota and Volkswagen.
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Critics Exploit Télécom Suicides, Ex-Executive Says
Posted: April 1st, 2010, 12:23am EDT by By DAVID JOLLY
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Forty-six suicides among workers over two years have given outsiders a crisis to use for their own ends, a former executive contended.
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Optimism and Doubt Feed a Duel Over Greece
Posted: March 31st, 2010, 11:43pm EDT by By DAVID JOLLY
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The strains that appeared in January with the revelation that Greece had been hiding its true deficit continued to show Wednesday.
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Lloyd's of London to Join Study for Another Insurance Market in New York
Posted: March 24th, 2010, 6:44am EDT by By DAVID JOLLY
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Coming off a record year for profits, the chief executive of Lloyd's of London said Wednesday that the storied insurance group is participating in a study looking at creating a similar market in New York.
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A Wave of Airline Strikes Sweeps Europe
Posted: March 22nd, 2010, 11:09pm EDT by By DAVID JOLLY
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Hurt by falling revenue and an uncertain economic outlook, European airlines have taken a hard line on costs.
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Police Said to Arrest Former Head of Anglo Irish Bank
Posted: March 18th, 2010, 11:21pm EDT by By DAVID JOLLY
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The former chairman of Anglo Irish Bank, Sean FitzPatrick, was said to be in custody in connection with an investigation into financial fraud.
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Credit Agency Warns U.S. and Others of Risk to Top Rating
Posted: March 15th, 2010, 12:10pm EDT by By DAVID JOLLY
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The ratings of the United States, Britain, Germany and France are stable, but “their ‘distance-to-downgrade’ has in all cases substantially diminished,” Moody’s Investors Service said.
NYT > Home Page
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Credit Agency Warns U.S. and Others of Risk to Top Rating
Posted: March 15th, 2010, 12:10pm EDT by By DAVID JOLLY
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The U.S., Germany and other major economies are “substantially” closer to a downgrade, a report by Moody’s warned.
NYT > Business
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Thousands of Clients Had Data Stolen, HSBC Says
Posted: March 11th, 2010, 2:48pm EST by By DAVID JOLLY
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HSBC’s private banking unit initially said that records on 10 or fewer clients were taken when the theft occurred three years ago.
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Peugeot Will Not Take a Stake in Mitsubishi
Posted: March 3rd, 2010, 11:20am EST by By DAVID JOLLY
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The French and Japanese carmakers said that they will continue seeking ways to cooperate.
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Iceland Asks U.S. to Help Ensure International Loans
Posted: February 22nd, 2010, 10:22pm EST by By DAVID JOLLY
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Iceland wants the U.S. to help ensure that Britain and the Netherlands do not use a dispute over its collapsed banks to hold up international loans.
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Japan Plans to Ignore Any Ban on Bluefin Tuna
Posted: February 19th, 2010, 3:15pm EST by By DAVID JOLLY
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Japan will not join in any agreement to ban the international trade in Atlantic bluefin tuna under the United Nations treaty on endangered species, its fisheries officials said.
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BNP Paribas Keeps Profit Streak Going While ING Suffers Another Loss
Posted: February 17th, 2010, 6:05am EST by By DAVID JOLLY
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Both banks will scale back bonuses, but ING has to deal with the fact that its fourth quarter saw a deeper setback than analysts had predicted.
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Inflation Rises Above Target in Britain
Posted: February 17th, 2010, 1:04am EST by By DAVID JOLLY
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But the country's top central banker attributed most of the increase to higher sales taxes and fuel prices, and said the effect would likely be temporary.
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EDF Annual Profit Rises on International Operations
Posted: February 11th, 2010, 6:45am EST by By DAVID JOLLY
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Electricité de France, the top electricity generator in Europe, said 2009 profit 12 percent as results from acquisitions overseas offset a decline in its French business.
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With Shake-Up, SAP Seeks Better Customer Relations
Posted: February 9th, 2010, 12:09am EST by By DAVID JOLLY
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The chairman of SAP, the German software company, said a decision to raise maintenance fees was wrong and acknowledged that he had been partly responsible for the move.
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BP Profit Slips in Quarter but Production Is Up
Posted: February 2nd, 2010, 7:05am EST by By DAVID JOLLY
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The British oil company reported a $4.3 billion fourth-quarter profit, down from the previous quarter, and said its production had outpaced expectations in 2009.
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Nordic Banks Come Down on Different Sides of Bonus Question
Posted: January 28th, 2010, 11:29am EST by By DAVID JOLLY
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Nordea, the biggest lender in the Nordic region, said it would pay out $390 million in bonuses for 2009, but Swedbank canceled its round of payouts.
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French Bank Issues Profit Warning
Posted: January 13th, 2010, 5:07am EST by By DAVID JOLLY
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The bank will write off about $2 billion in assets because of a deterioration in loans backing collateralized debt obligations.
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South Korea to Build Reactors in Middle East
Posted: December 27th, 2009, 3:10pm EST by By DAVID JOLLY
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The United Arab Emirates said Sunday that it had chosen a South Korean-led consortium for a $20 billion contract to create the Arab world’s first nuclear power reactors.
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German Truck Maker Settles Corruption Inquiry
Posted: December 10th, 2009, 11:03am EST by By DAVID JOLLY
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MAN was fined about $221 million by a Munich court for failing to prevent bribery, a penalty that ends a corruption investigation of the company.
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Swedish Buyer Drops Deal to Buy Saab
Posted: November 24th, 2009, 12:35pm EST by By DAVID JOLLY
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The chief of General Motors said that the company is “very disappointed” with the decision by the Koenigsegg Group to pull out of the Saab purchase.
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Euro Disney Reports More Visitors but Bigger Loss in 2009
Posted: November 12th, 2009, 12:55pm EST by By DAVID JOLLY
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The company was hurt as vacationers booked at the last minute, sought out promotional offers and stuck close to home.
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Switzerland Limits Bank Compensation, but Not Too Harshly
Posted: November 11th, 2009, 9:30pm EST by By DAVID JOLLY
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The rule imposes no caps on bonuses and excludes all but the biggest financial services companies from mandatory compliance.
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UBS Fined $13.3 Million for Illicit Trades by Employees
Posted: November 6th, 2009, 2:53am EST by By DAVID JOLLY
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Four employees at a bank unit in London had carried out unauthorized trading on at least 39 accounts.
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Valentino Owners Say Company Will Survive Recession
Posted: October 1st, 2009, 10:24am EDT by By DAVID JOLLY
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Permira, the private equity investor that owns the fashion house, said current market conditions mean that it will remain invested in Valentino longer than planned.
NYT > Home Page
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Roman Polanski Is Arrested in Switzerland
Posted: September 27th, 2009, 1:21pm EDT by By DAVID JOLLY
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Roman Polanski, the director of films including “Chinatown” and “Rosemary’s Baby,” was arrested in Switzerland on a 31-year-old international warrant.
NYT > Business
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Santander to Sell Stake in Brazilian Unit
Posted: September 21st, 2009, 5:53pm EDT by By DAVID JOLLY
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The Spanish bank is seeking to raise as much as $7.3 billion in the share sale, which would be the largest ever in Brazil.
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Ivory Coast Toxic-Dump Case Settled, Company Says
Posted: September 21st, 2009, 1:30pm EDT by By DAVID JOLLY
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Trafigura said that it had agreed to pay as many as 30,000 residents of Abidjan, Ivory Coast, who said they were injured by toxic dumping.
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Settlement Near in Ivory Coast Toxic Dumping Case
Posted: September 18th, 2009, 12:53am EDT by By DAVID JOLLY
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The disaster brought down the government and became a symbol of the dangers of globalization.
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ING May Have to Repay Billions of Euros to Dutch Government
Posted: September 15th, 2009, 3:05pm EDT by By DAVID JOLLY
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European regulators said they were considering whether a bailout of the financial services group had been too generous.
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G.D.P. Seen as Inadequate Measure of Economic Health
Posted: September 15th, 2009, 12:56am EDT by By DAVID JOLLY
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Gross domestic product should be expanded to include measures of sustainability and human well-being, leading economists said in a report presented to President Nicolas Sarkozy of France.
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In Dutch Finance Minister, a Voice for the Little Guy
Posted: September 9th, 2009, 2:35pm EDT by By DAVID JOLLY
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Wouter Bos is pushing hard for limits on bonus pay, and the famously egalitarian Dutch are applauding.
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Kraft Foods Makes $16.7 Billion Bid for Cadbury
Posted: September 7th, 2009, 4:40am EDT by By DAVID JOLLY
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Kraft Foods said it would pursue the $16.7 billion takeover even after its offer was rejected for being too low.
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Euro-Zone Unemployment Hit 10-Year High in July
Posted: September 1st, 2009, 1:25pm EDT by By DAVID JOLLY
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The jobless rate in the 16 nations that use the currency rose to 9.5 percent, showing that despite signs of recovery, the European economy continues to struggle.
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France Pursues Tax Cheats Using Swiss Banks
Posted: August 30th, 2009, 2:55pm EDT by By DAVID JOLLY
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A French government official said the authorities had achieved a breakthrough in obtaining Swiss bank account data amid a push to catch tax avoiders.
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In France, Intricate Tale of Corporate Espionage
Posted: August 24th, 2009, 8:47pm EDT by By DAVID JOLLY
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A case discloses links among a former American cycling champion, computer hackers, ex-intelligence agents and some of the country’s biggest companies.
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Downturn in Print Media Hurting Photojournalists
Posted: August 11th, 2009, 1:21am EDT by By DAVID JOLLY
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The same forces eroding newspapers and magazines are leaving photojournalists with less print on which to show their efforts.
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Lament for a Dying Field: Photojournalism
Posted: August 10th, 2009, 2:58am EDT by By DAVID JOLLY
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The company that owns the photo agency Gamma has sought protection from creditors, the latest sign of distress for photographers as newspapers and magazines cut back.
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Société Générale Executive Leaving Amid Trading Inquiry
Posted: August 6th, 2009, 11:37pm EDT by By DAVID JOLLY
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Jean-Pierre Mustier is a former head of the investment banking unit, where a trader cost the bank $7.2 billion.
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BMW Reports 76% Drop in Quarterly Profit
Posted: August 4th, 2009, 8:00am EDT by By DAVID JOLLY
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The maker of luxury cars said that the second quarter was better than the first because sales volume decreased at a slightly slower rate.