Magna purchase of Opel cancelled, GM shocks Germany

As part of General Motor's restructure plan, the troubled Auto Manufacturer had concluded a deal with Magna, a Canadian Company, to sell it's European assets, Opel and Vauxhall to Magna and Russia's Sherbank....

USA - Dell to close their desktop plant in North Carolina by 2010

As a part of their new corporate strategy and expected to cut the computer giants cost by $4 billions, PC giant Dell is closing down its desktop assembly plant in Winston-Salem, North Carolina.When started in...

Chicago Tribune Newspaper $13bn record bankruptcy

Is this a print error $13 bn dept for a newspaper ? How can a Newspaper disguise $13bn dept and who was so stupid to finance this? If this number is true, the Responsibles should go to prison immediately. Chapter...

CNET "Realigns" 10% of Staff

In an effort to please shareholders and spur longterm growth, CNET will be cutting 120 jobs, or 10% of its staff. (I didn't realize that their staff was that big to begin with)"Business Unit Realignment: with the...

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