Stop this sneaky tax scheme New York Daily News - The WFP - a major lobbying force in Albany - is peddling a plan it labels "property tax relief" as its top priority for the state Legislature this year. Some county property owners face higher taxes Suit seeks removal of property tax caps |
 Maktoob Business (press release) | Sun Hung Kai Chairman Walter Kwok Replaced by Mother (Update3) Bloomberg - By Kelvin Wong May 27 (Bloomberg) -- Sun Hung Kai Properties Ltd., Hong Kong's biggest developer, replaced Chairman Walter Kwok with his mother, seeking to end a feud that has gripped the city and split its second-richest family. Sun Hung Kai chairman to take new role if ousted Sun Hung Kai prepares to vote on chairman's role |
 The Age | Develop US Resources, Don't Beg From the Saudis Wall Street Journal - In response to the article "Saudis Rebuff Bush on Oil" (page one, May 17), it should not be a surprise that Saudi Arabia did not feel the need to help the world energy situation by increasing production again. Asking Opec to solve the oil crisis misses the burning point We're all boiling over oil |
 NY1 | Son Poised to Rise at Macklowe Wall Street Journal - By ALEX FRANGOS and JENNIFER S. FORSYTH Harry and William Macklowe, the father-son duo behind Macklowe Properties Inc., avoided financial collapse during the weekend by selling the crown jewel of their real-estate empire, the General Motors Building in ... Macklowe Pays Debts With The Sale Of An Icon Group to pay $1.5 billion for GM building, 3 other towers |
 Earthtimes (press release) | 3rd UPDATE: Vodafone Swings To Fiscal Year Net Profit; Sarin Steps ... CNNMoney.com - By Erica Herrero-Martinez LONDON -(Dow Jones)- Vodafone Group PLC (VOD) Tuesday posted a GBP6.7 billion net profit for fiscal 2008 compared with a loss a year earlier and announced that Chief Executive Arun Sarin will step down and be replaced by his ... Sarin to Step Down as Vodafone CEO; Vodafone chief to step down |
Chemring to buy Scot from SMS Industries for $40 million cash Forbes - LONDON (Thomson Financial) - Chemring Group Plc. said it has conditionally agreed to buy US manufacturer of devices for aircraft, Scot Inc., from private equity owner SMS Industries Inc. for $40 million cash. Chemring to buy US pyrotechnics company Chemring To Buy Scot Inc. from SMS Industries for US$40 Mln cash ... |
Electrolux to take 540 mln SEK Q2 charge to restructure production ... Forbes - STOCKHOLM (Thomson Financial) - Electrolux AB said it will take total costs of 600 million Swedish crowns, of which 540 million will be charged against operating profits in the second quarter, in order to restructure its refrigeration production in ... UPDATE 1-Electrolux to close fridge plant in Italy Electrolux to close Italian refrigerator plant |
 CTV.ca | JR Simplot | Idaho 'spud king,' 99 Philadelphia Inquirer - JR Simplot, 99, an Idaho farmer who dominated the state's business and political landscape for 70 years and became one of America's richest men as the "spud king," died Sunday at his Boise home. Potato entrepreneur dies at age 99 Friend of Simplot: "Jack was special" |
 Currency News | Dollar Climbs To 5-day High Against Pound RTT News - (RTTNews) - The dollar that declined in Asian trading on Tuesday against its European counterparts reversed direction by about 2:00 am ET. Dollar sinks against major currencies, oil rises Euro marginally lower against US dollar |
TeliaSonera to Sell iPhone In Nordic, Baltic States Wall Street Journal - By ADAM EWING STOCKHOLM -- Telecom operator TeliaSonera Tuesday said it has signed an agreement with Apple Inc. to bring the iPhone to the Nordic and Baltic markets. TeliaSonera to sell iPhone in Nordics, Baltics |
 Interactive Investor | Northern Foods Reports Profit After Raising Prices (Update2) Bloomberg - By Loveday Morris May 27 (Bloomberg) -- Northern Foods Plc, the largest UK maker of prepared meals, posted an annual profit after raising prices to pass on higher costs for wheat and cheese and disposing of units last year. Northern Foods FY pretax profit 50.1 million pounds vs 40.0 ... Northern Foods annual profit jumps 25 pct |
 The Money Times | Novartis Looks For Magic Pill Forbes - The Swiss drugmaker Novartis has been given the green light by the European Commission to sell Extavia, a multiple sclerosis drug. Novartis MS Drug, Rival to Bayer's, Wins EU Approval (Update3) UPDATE 1-Novartis' MS drug gets approval in EU |
 Earthtimes (press release) | Canada high court suggests June BCE appeal date Reuters - OTTAWA, May 26 (Reuters) - In a victory for BCE Inc. (BCE.TO: Quote, Profile, Research), the Canadian Supreme Court agreed on Monday to expedite the process of deciding whether to hear the telecommunications firm's appeal of a lower court decision that ... BCE Bondholders Challenge Quick Supreme Court Appeal in Filing Canadian Court Rejects Buyout of BCE |
 Javno.hr | Ex-manager on trial in Siemens scandal The Associated Press - MUNICH, Germany (AP) - A former Siemens AG manager on trial over alleged corruption and bribery testified Monday that "commissions" were paid to secure orders. Siemens unit bosses failed to stop bribes: defendant Prime suspect on trial in Siemens bribery scandal |
 Voice of America | Argentine government breaks off talks with agricultural producers Monsters and Critics.com - Buenos Aires - The Argentine government said Monday it would not continue negotiating with agricultural producers in the face of recent criticism from their leaders of President Cristina Fernandez de Kirchner's policies. Argentine Farmers Hold Protest Over Export Tax Argentine Farmers Protest Rising Export Tax On Soybean |
UPDATE 1-EADS sees industrial risks, higher dividend Reuters - AMSTERDAM, May 26 (Reuters) - Airbus parent EADS said on Monday it had been hit by the gloom surrounding the aviation industry and warned of further industrial risks, but moved to cheer up shareholders with talk of a higher dividend next year. EADS chief says 'execution risks' remain on new aircraft programs ... EADS board has 'full confidence' in managers |
Proton Profit Rises on Income From Government Fund (Update2) Bloomberg - By Angus Whitley and Ranjeetha Pakiam May 26 (Bloomberg) -- Proton Holdings Bhd., the state-owned Malaysian carmaker that scrapped alliance talks with Volkswagen AG, said fourth-quarter profit rose after it booked income from a government fund to help ... Malaysian shares close flat on inflation concerns, Wall St fall ... Malaysia's Proton Q4 net profit up sharply |
 NY1 | Local Airport Delays Cost Economy Billions NY1 - While airport delays may seem like just an inconvenience for travelers, Senator Charles Schumer released a report yesterday saying that they actually cost the United States economy billions of dollars. Flight delays cost economy over $40 billion a year Air delays cost city 3B: Chuck Schumer |
Infineon Technologies CEO Wolfgang Ziebart has resigned, company says International Herald Tribune - AP BERLIN: Infineon Technologies says its chief executive, Wolfgang Ziebart, has resigned because of what it calls a difference in opinion about the company's future. Infineon's Ziebart steps down, Bauer to be new CEO Differences force German chip chief out |
