Toyota axes California plant August 31, 2009 Toyota is stopping production at its carmaking plant in California, leaving 4,500 workers likely to lose their jobs. New United Motor Manufacturing Inc, or NUMMI, was a joint venture in Fremont between Toyota and General Motors, but GM withdrew earlier this year as part of its bankruptcy agreement. Now Toyota has also decided to stop [...]
Kranjcar set to lead double Spurs swoop August 31, 2009 TOTTENHAM boss Harry Redknapp looks set to turn to Portsmouth’s Niko Kranjcar to front an exciting double deadline day swoop at White Hart Lane today. Redknapp has lined up a move for the unsettled midfielder as a replacement for fellow Croatian Luka Modric, who faces a lengthy spell on the sidelines after breaking his leg [...]
ANZboosted by slowdown in bad debts August 31, 2009 AUSTRALIAN and New Zealand Banking Group (ANZ) continued the strong form of Australian lenders yesterday, reporting a rise in profits in the 10 months to the end of the year, as it lent more and saw lower levels of bad debt than expected. The bank said in a trading update that underlying net profit came [...]
Cole enjoying settled life under Fabio August 31, 2009 ENGLAND defender Ashley Cole believes a settled side and playing style are at the root of the turnaround in fortunes under manager Fabio Capello. The Italian has turned England from a side who failed to reach Euro 2008 to one who will clinch their place at the 2010 World Cup with a draw against Croatia [...]
Jaguar losses put a dent in Tata results August 31, 2009 TATA Motors, India’s largest vehicle maker, yesterday posted a consolidated loss for the first quarter as dismal trading at Jaguar Landrover (JLR) weighed on the group. The company reported a 3.29bn rupees (£41.3m) consolidated loss for the first quarter period between April and June, compared with a net income of 7.2bn rupees a year ago. [...]
BEST OF THE BROKERS August 31, 2009 BRITVICUBS said that Britvic shares are still undervalued and reiterated its “buy” rating. The broker believes that, as the economy and soft drinks market recovers, Britvic can still increase sales. It increased its target price on the stock to 400p, up from 330p. UBS also noted that Britvic’s commitment to innovation is a source of [...]
SUMMER SALES FOOTBALL UPDATE August 31, 2009 Hammers land Da Costa in swapWEST HAM have snapped up defender Manuel Da Costa from Serie A side Fiorentina with forward Savio Nsereko moving in the other direction. Centre back Da Costa, 23, was born in France but qualifies to play for Portugal. Formerly at Nancy in France and PSV in Holland, he joined the [...]
Moat and Shearer look on as Toon take the top spot August 31, 2009 NEWCASTLE UTD (1) vs LEICESTER CITY (0) PROSPECTIVE buyer Barry Moat and would-be manager Alan Shearer watched from the stands as Newcastle climbed to the top of the Championship with this victory. Moat and Shearer looked on alongside owner Mike Ashley as Danny Guthrie’s 52nd minute strike handed the Magpies a fourth successive win. Local [...]
Terry nails colours to Chelsea mast with new five-year deal August 31, 2009 CAPTAIN John Terry has demonstrated his long-term commitment to Chelsea by putting pen-to-paper on a new lucrative five-year deal. The deal, reported to be worth £150,000 per week, will keep Terry at Stamford Bridge until 2014 and Blues chiefs are hopeful the 28-year-old will now finish his career in west London. Crowd favourite Terry has [...]
Euro prices in fresh decline August 31, 2009 EUROZONE consumer prices fell in August for a third consecutive month, though the rate of deflation narrowed significantly from July and economists predicted prices would start to rise again within months. Consumer prices fell by 0.2 per cent year-on-year in August, down from the 0.7 per cent decline the Eurozone countries experienced in July. But [...]
