Archive for May, 2009

Sarkozy, Merkel Favor Business People, Workers Over Speculators (Bloomberg)

Sunday, May 31st, 2009

May 30 (Bloomberg) — French President Nicolas Sarkozy and German Chancellor Angela Merkel said they favor business people and employees over financial speculators, in a joint commentary they wrote for a French newspaper and a German newspaper.

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Local business with global connections (The Shamokin News-Item)

Sunday, May 31st, 2009

MOUNT CARMEL TOWNSHIP — Arcos Industries, LLC, a worldwide leader in the manufacturing of high-alloy welding consumables, has generated a couple million dollars in business by attracting new clients overseas through sales trips and a trade mission sponsored by the state Department of Community and Economic Development (DCED).

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Frank Stronach: the man behind the auto parts empire as he expands into Europe (Minneapolis-St. Paul Star Tribune)

Sunday, May 31st, 2009

TORONTO - Frank Stronach, the Canadian owner of auto parts maker Magna International Inc., once referred to himself as “king” at one of his shareholder meetings. He’s now added another property to his business empire: General Motors Corp.’s Opel unit.

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NC commerce officials visiting Europe to recruit (AP via Yahoo! Finance)

Saturday, May 30th, 2009

North Carolina business recruiters plan a two-week trip to Europe that includes a stop at the Paris air show and an estimated price tag of more than $137,000.

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Magna takeover of GM Europe ‘likely’: Mandelson (AFP via Yahoo! News)

Saturday, May 30th, 2009

Canadian auto parts maker Magna is “pretty likely” to reach a deal to take over General Motors’ European operations Opel and Vauxhall, Business Secretary Lord Peter Mandelson said Friday.

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HP to Ax 5,700 Jobs in Europe (BusinessWeek)

Saturday, May 30th, 2009

In the wake of downbeat results, the computing and printer giant will cut yet more positions in Europe. Hardest-hit: Scotland and Germany

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DSM, Mitsubishi Chemical swap PC, PA business units (PlasticsToday.com)

Saturday, May 30th, 2009

Plastics suppliers DSM Engineering Plastics (Heerlen, Netherlands) gains in its Asian polyamide operations, and Mitsubishi Chemical Corp. ( MCC ; Tokyo, Japan) grabs a polycarbonate foothold in Europe, as the suppliers trade business units. The two firms have signed a memorandum of understanding for DSM to acquire MCC’s Novamid-brand polyamide (PA6, PA66 and PA6.66) business in exchange for …

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Magna takeover of GM Europe ‘pretty likely’: British minister (AFP via Yahoo! News)

Saturday, May 30th, 2009

Canadian auto parts maker Magna is “pretty likely” to reach a deal to take over General Motors’ European operations Opel and Vauxhall, Business Secretary Peter Mandelson said on Friday.

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“Trade underpins growrth in Europe” (Malta Star)

Saturday, May 30th, 2009

“Trade is what underpins growth and jobs in Europe as well as in Malta. In our case, combined imports and exports by far exceed our total Gross Domestic Product.

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Magna close to GM Europe rescue (ShareCast)

Saturday, May 30th, 2009

LONDON (SHARECAST) - Canadian car parts producer Magna may be riding to the rescue of GM Europe, the owner of the Opel and Vauxhall brands. UK business secretary Peter Mandelson said a deal was very close.

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