Atlas Elektronik and Rheinmetall Defence Electronics were raided by German authorities in relation to bribery accusations on a submarine equipment order.
Sectors
Hinduja co-chairmen lauds Indian Finance Minister
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
Tata Steel to improve black dust emanations from its plant`
Tata Steel had purchased expensive equipment to lower black dust emanation from its plants. Tata Steel. the Indian steel conglomerate, had invested GBP800,000 in new machinery able to reduce the black dust particles produced from its Wales located facility.
Judge throws out pension fund claim against Moody's
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
Alitalia and Etihad in discussion
Alitalia and Etihad are in discussion as to possible stake purchase from the Italian flag carrier. Alitalia is in discussion with Etihad Airways, resulting in the Abu Dhabi based airline purchasing a stake in the floundering Italian aircarrier.
Latest News
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
Agustin Carstens, Governor of the Mexican central bank, asked the US Federal Reserve to clarify its plans for the reduction of its monthly bond purchases.
North, the child of Kim Kardashian and Kanye West, was introduced to the world via Instagram. In a classic media coup, the grandmother gave the world a glimpse of her new grandchild by Kim Kardashian and Kanye West.
Banks were prompted to look at their tradition of "client hires" as the SEC deepened its investigation of JPMorgan's hiring of two Chinese nationals.
Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.
A recovery in the US housing market lifted the sales and earnings of Home Depot. Home Depot Inc gained from the rebound experienced in the US housing market.
Bethany McLean of Reuters wrote that it would be a challenge to remove government sponsored enterprises from the US mortgage market.
Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
