Global markets dive as U S crisis spreads worldwide
Markets worldwide slump as U S mortgage losses threaten global finance. France and Germany down about 7 percent, UK and China about 5 percent, Japan 4 percent, with Sri Lanka the sole exception. Officials warn of a potential heavy U S slowdown impacting Europe and global banks.
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Washington
U.S
Martin Luther King Jr
France
Germany
China
Great Britain
Japan
Sri Lanka
Georges Ugeux
Galileo Global Advisors
Indian Stock Exchange
Bank of China
Randy Bateman
Huntington Asset Advisors
European Union
Europe
Andrej Bajak
Slovenia
Israel to go green with cars by 2011 plan
Israel endorses a private venture to install a national electric car network by 2011 with half a million recharging stations. Renault Nissan and Project Better Place will provide vehicles and run the grid, backed by incentives to buyers and led by Shai Agassi.
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Jerusalem
Israel
Renault-Nissan Alliance
Renault-Nissan
Better Place
Shai Agassi
Agassi
SAP AG
Idan Ofer
Project Better Place
Oilrich
Shimon Peres
Online scams extend reach across a tangled web of deceit
Minnesota victims like Giancola face futile appeals for help as agencies defer jurisdiction. experts cite billions lost annually to online and phone scams. FBI and postal service officials urge education while focusing on major offenders. Sucker lists and evolving tech drive fraud, with few prosecutions and low recovery rates.
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FBI
Giancola
Minnesota
Florida
McCabe
Twin Cities
U.S
U.S. Postal Inspection Service
Chrysler to invest 27 million in Toledo plant
Chrysler to spend over 27 million at its Toledo Machining Plant to retain about 200 jobs. The money funds a redesigned torque converter for automatics and a new steering column. Chrysler has invested 3.9 billion in Toledo operations since 2001. the plant employs 1,530 in Perrysburg suburb.
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Chrysler
Toledo
Chrysler LLC
Tom ‘LaSorda
LaSorda
L A Times editor ousted after newsroom budget dispute
James E O Shea his departure follows a clash with publisher David D Hiller over shrinking the newsroom budget The exit forms part of a broader reorganization under new ownership Tribune Co bought by Sam Zell The Times have cut staff from 1100 to under 900 and weekday circulation declined from over 1 million to about 800000
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Los Angeles
Los Angeles Times
James E. O'Shea
Times
David D. Hiller
L.A. Times
O'Shea
Hiller
Tribune Co
Chicago
Sam Zell
Jim
the Times
James O'Shea
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Minneapolis Star Tribune
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Pete Giancola
eBay
Jordan
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Thomas S. Mulligan and
Dawn Chmielweski