Shipbuilder Austal suffers profit fall – ninemsn
Shipbuilder Austal Ltd expects to eclipse its previous record order book by 50 per cent within the next 12 months despite a disappointing 2008/09 net profit due to writedowns. Austal’s profit for the 12 months to June 30 was $9.17 million, down
Business News – Am770chqr.com
BERLIN – German Chancellor Angela Merkel has offered renewed backing for a bid for General Motors Co.’s Opel unit from auto parts maker Magna, saying in an interview published Friday that it is “the better concept.” Canada’s Magna International Inc
Business news in brief – Philadelphia Inquirer
Pennsylvania’s employers slashed fewer than 10,000 jobs in July for the second straight month since October. The state Department of Labor and Industry estimated yesterday that Pennsylvania employers shed 4,800 nonfarm jobs in July. Payrolls shrank 8
Business news briefs – Pittsburgh Post-Gazette
Former AIG officials to pay $115 million in fraud case Former American International Group Inc. CEO Maurice “Hank” Greenberg and others have agreed to pay $115 million to settle fraud claims in a lawsuit filed on behalf of three Ohio state pension