Ten signs of insolvency

The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail. " 1. A company Mercedes-Benz...

DHL to cut 9,500 jobs in U.S.

  World wide financial crisis started showing its impact on demand pattern, and the latest victim is postal giant DHL.iN latest News from DHL says that they are cutting the manpower in domestic circuit. ...

Deutsche Bank Sold Massive Amounts of Phantom Stock

" delivery records,” there were “only two failures to deliver.” So Deutsche Bank systematically failed to even locate the stock that it sold, but the NYSE isn’t calling it “naked short selling,” and...

Europe banks extend rally on state aid, US plan

European markets have opened higher after a strong performance by Asian exchanges. The major European markets have opened up 4 percent or mote, and are still rising. The rise is probably partly due to the dramatic...

Vijay Singh wins Deutsche Bank Championship

"Vijay Singh, helped by three monster birdie putts, eased to his third PGA Tour title in five weeks with a commanding five-shot victory at the Deutsche Bank Championship on Monday. Three off the pace overnight, the Fijian world number five fired a superb eight-under-par 63 in...

German Transport Authority Cuts Links With Deutsche Bahn in the Wake of IPO

Verkehrsverbund Rhein Ruhr (VRR), a transport authority of numerous cities in the West German state of Northrhine Westphalia, has cut its contractual ties to German national railway carrier over fraud...

Germany privatizes state railway

The debate over the privatization of Germany's railway has been highly controversial. The need for fresh capital and efficiency improvements balances the fear of the deterioration in service in less economic...

Germany Faces Airport and Train Workers Strikes

Germany is facing a set of strikes that could have a significant impact on the country's economy, depending on their duration."Unionised workers at German airports are threatening to strike soon, amid...

Deutsche Telekom Cancels Sponsorship of Cycling Team

Famed for their pink jerseys and doping scandals, the sponsors of the T-Mobile cycling team finally pulled the plug on the embattled team.  The most recent positive test during the Tour by Patrick...

Indonesian police hand captured American murder suspect to FBI

"David Lam, a 55-year-old Vietnamese-born American, was captured last Saturday on the Indonesian resort island of Batam and deported Tuesday afternoon to Los Angeles, accompanied by agents from the US Federal Bureau of Investigation (FBI), Interpol, and Indonesian police...

A Pipe Was Detached Before Deutsche Bank Fire

" SARAH GARLAND Staff Reporter of the Sun August 21, 2007Fire officials investigating the deaths of two firefighters in the former Deutsche Bank building have found that demolition contractors failed to maintain a standpipe used to supply water to the building. The...

Freak Snow Storm Hits Nepal, Dozens Feared Killed

A freak snow storm in Nepal seems to be somewhat of an oxymoron, but as reported below, it seems to have caught these unsuspecting individuals off gaurd. "Dozens of people were feared killed in remote parts of...

Builders Look for Housing To Recover in 2007

"Homebuyers have been backing out of sales contracts and forfeiting their down payments during the housing slowdown, but cancellation rates should steady in the first quarter and taper off later in 2007, said the chief executive of one of the nation's largest home builders...

The bellyache of an architect

The Berlin District Court has ruled that Deutsche Bahn must rebuild whole sections of the new Hauptbahnhof according to the architect's plans, setting a spectacular precedent. By Andreas Zielcke Berlin's new...

Stenson takes charge at Sherwood Country Club

"THOUSAND OAKS, California, Dec 14 (Reuters) - Sweden's Henrik Stenson birdied three of the last four holes to move two shots clear in the first round of the Target World Challenge on Thursday. The 30-year-old...

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