Archive for April 5th, 2008

France’s influential Le Monde daily faces job cuts

Saturday, April 5th, 2008

PARIS, April 5 (Reuters) - The new management team atFrance's establishment newspaper, Le Monde, has proposedshedding 130 staff, including a quarter of its journalists, inan effort to stem heavy losses. Eric Fottorino, who was recently appointed as chiefexecutive of the Le ...

Union fears compulsory job cuts at D. Telekom

Saturday, April 5th, 2008

FRANKFURT, April 5 (Reuters) - Trade union Verdi fears thatDeutsche Telekom (DTEGn.DE: Quote, Profile, Research) will try to push through compulsoryredundancies as it axes tens of thousands of jobs in anefficiency drive, a Verdi executive told Reuters on Saturday. But a ...

Skybus Airlines shuts down operations

Saturday, April 5th, 2008

CHICAGO, April 5 (Reuters) - Skybus Airlines Inc, alow-cost U.S. carrier, has shut down its operations due torising jet fuel costs and the weak economy, the company said. The shutdown began on Saturday and comes less than a yearafter the Columbus, ...

UPDATE 1-Italy econ minister urges Alitalia unions to act

Saturday, April 5th, 2008

(Adds more comments, background) BRDO, Slovenia, April 5 (Reuters) Italy's Economy MinisterTommaso Padoa-Schioppa on Saturday called on Alitalia (AZPIa.MI: Quote, Profile, Research)unions to act before the stalemate in talks with Air France-KLM(AIRF.PA: Quote, Profile, Research) would cause irreversible damage. ...

Reliance to compensate its petrol dealers

Saturday, April 5th, 2008

Mumbai, April 5: Reliance Industries will compensate its petrol pump dealers for the losses they incur while running ...

G7 leaders may demand rethink of bank business models

Saturday, April 5th, 2008

By Huw Jones BRDO, Slovenia, April 5 (Reuters) - Some banks will have toadapt their business models under policy recommendations to bemade to global financial leaders at the G7 meeting next week,Dutch central bank chief Nout Wellink said on Saturday. ...

IMF gives gloomy economic outlook

Saturday, April 5th, 2008

By Adrian Croft and Sebastian Tong WATFORD (Reuters) - The head of the International Monetary Fund gave a gloomy report on Saturday on prospects for the world economy to a dozen leaders debating how to respond to global financial turmoil. ...

Farmer cuts property in two to give to ex-wife

Saturday, April 5th, 2008

BELGRADE (Reuters) - A Serb farmer used a grinding machine to cut in half his farm tools and machines to comply with a court ruling that he must share all his property with his ex-wife, local media reported on Thursday. Branko Zivkov, 76, ...

UPDATE 1-EU deadlock over market safety rules ended

Saturday, April 5th, 2008

(Updates with confirmation, reaction) By Huw Jones BRDO, Slovenia, April 5 (Reuters) - European Union financeministers and central bankers broke a deadlock on Saturday overmaking the EU's multi-trillion euro securities tradinginfrastructure safer. "I ...

ICICI to wait for policy signal on interest rates

Saturday, April 5th, 2008

Mumbai, April 4: Ahead of the Reserve Bank's annual monetary policy later this month, the country's largest private ...