WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2009 FINANCIAL TIMES GALLEONMOVINGASSETS INTO CASHBrokers to the Galleon Group – the hedge fund whose founder and president, Raj Rajaratnam, is at the centre of insider trading charges – report it is rapidly liquidating its investments in anticipation of a wave of investor redemptions. $12.9BN VALEPUSHTOENDDISPUTE Vale, the Brazilian mining group that is the world’s biggest [...]
Brown seeks to safeguard Vauxhall jobs September 13, 2009 PRIME Minister Gordon Brown is set to lead talks at Ellesmere Port car plant this week, as part of a government push to safeguard thousands of jobs at Vauxhall’s UK plants. The move comes after US parent General Motors (GM) sold off a 55 per cent stake in its European arm to Canadian car parts [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2009 FINANCIAL TIMES GOLDMAN SACHS EXECUTIVES SOLD $700M OF STOCKExecutives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission. Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the [...]
Automatic for the people? June 30, 2009 THE best high-performance cars come with a manual gearbox, right? Well, not according to Mercedes-Benz. On the evidence of this car, their stance appears to be that machines can change gear more efficiently than humans. But where’s the fun in that? Having driven this car in automatic form, I was yearning to feel how it [...]
GM and SAIC to build ‘green’ cars November 1, 2005 American carmaker General Motors and China’s SAIC have signed an agreement to collaborate on manufacturing fuel-efficient hybrid cars for the Chinese market. GM chairman and chief executive Rick Wagoner and SAIC chairman Hu Maoyuan signed a memorandum of understanding yesterday in Shanghai that will see the two firms working together to develop a range of [...]