Iceland voters reject deal to repay billions to UK, Dutch

Monday, April 11, 2011 Results from Iceland’s referendum on Saturday show that Icelanders overwhelmingly voted “no” on a government-approved plan to repay Britain and the Netherlands billions of euros lost in Iceland’s 2008 bank crash. In Sunday’s final results almost 60 percent rejected the deal, with the voting turnout high, the government reported. This is […]
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Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009 Penske Automotive Group, Inc., an Ohio based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM). According to The Wall Street Journal, Nissan–Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of […]
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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009 Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal […]
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