Vestas in rescue talks with Japanese
Vestas, the struggling Danish wind turbine manufacturer, is in rescue talks with Japan’s Mitsubishi Heavy Industries as it seeks to shore up its financial and competitive position.
Cost-cutting squads to help hospitals balance the books
Teams of cost-cutting experts will be sent into hospitals across the country to help them reorganise their books and pay down debts incurred by private sector contracts, the government announced.
Asia and North America boost Samsonite sales
Samsonite, the world’s largest luggage maker by revenue, yesterday reported strong sales growth in North America and asia during the first half of the year despite the global economic slump.
Profits plunge at carmaker BYD
BYD, the Chinese carmaker backed by Warren Buffett, yesterday forecasted a rebound for next year after reporting a 94 per cent drop in first-half net profits.
Land Securities gets Britain building with 22,500 Kent homes
A plan to build thousands of homes in Ebbsfleet Valley in Kent is to begin more than a decade after it was conceived.
Olympic border operation to cope with foreign students
The emergency Olympics border regime is to stay in place until at least November as the government attempts to prevent the embarrassment of long queues at airports in coming weeks.
The Daily Telegraph
Swap mis-selling staff offered pay worth more than £200,000 a year
Banks are offering pay packages worth more than £200,000 a year to recruit staff to handle the compensation of small business customers mis-sold complex interest rate derivatives by their investment banking arms.
Marks & Spencer installs wi-fi
Marks & Spencer is to install free wi-fi into all its UK stores and arm customer assistants with iPads.
THE WALL STREET JOURNAL
Final auto mileage standards set
The Obama administration yesterday released its final fuel-efficiency standards for cars and trucks, requiring each auto maker’s fleet to reach an average of 54.5 miles per gallon by 2025.
Lufthansa faces cabin-crew strike
Deutsche Lufthansa faces open-ended strikes by cabin crew in Germany this week after negotiations with the union failed to settle a dispute over wages and plans to hire temporary staff.