EconoBlog

The Ford Motor Company said on Thursday that it earned $100 million in the first quarter, after a loss in the same quarter a year ago, a surprising improvement amid a slump in the United States market that has cut sales of lucrative trucks and sport utility vehicles. The company also warned of the possibility […]

All quoted companies will be forced to detail carbon emissions in their annual reports after the Government took a controversed decision.
An amendment added to the Climate Change Bill last week is expected to go on the statute books this summer. It requires quoted companies to include carbon emission information as part of their […]

Producers of construction materials have become the main targets for private equity funds over the last two years in the wake of high growth rates and high profits.
Enterprise Investors, Oresa Ventures and Advent International were all involved in two acquisitions on the construction materials market (estimated to be worth around 6.5 billion euros last year) […]

Swiss group Sandoz, the second-largest player on the global market of generic drugs, is considering relocating its drug re-analysis centre from Germany, with the possible destinations including Romania and Poland.
“Our plans include investments worth one million euros this year. However, there is a very strong possibility that we will receive approval from the European Union […]

Electrabel Groupe Suez, a producer and supplier of electricity, natural gas and energy solutions has ordered a GT26 combined-cycle turbine power plant (420 MW) from Alstom, to be installed in Fos sur Mer, near Marseille.
The deal, worth over 270 million euros, covers all the engineering, purchasing and construction area, as well as all the parts […]

Honeywell International Inc. on Friday said it will buy Norcross Safety Products LLC for $1.2 billion to expand its line of personal protective gear.Norcross, based in Oak Brook, Ill., makes protective and safety equipment for the fire service, utility and general industrial worker segments.
Honeywell is buying the company from its majority owner, Odyssey Investment […]

“We deeply regret the impact this decision will have on our employees and their families, customers, vendors, suppliers, airport officials and others in the cities in which we have operated,” the company said on its Web site. “Our financial condition is such that our Board of Directors felt it had no choice but to cease […]

In light of entering into an agreement to merge with JPMorgan Chase, The Bear Stearns Companies Inc. (NYSE: BSC) will not be announcing its first quarter 2008 financial results on Monday, March 17, 2008, as previously scheduled.
And a cool one from their website:
“Bear Stearns
Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a […]

Bear Stearns was bought by its competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million.
The stunning last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the global financial system sparked by the collapse in the subprime mortgage market. Bear Stearns was the […]

FTI Consulting, Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has acquired TSC Brasil Limitada (TSC), the leading systems integrator and computer forensic and IT security consultant in the Brazilian and greater South American marketplace. Terms of the transaction were not disclosed.
Founded in […]