Lehman Brothers Holdings Inc, an investment bank beset by rumors of not having enough funding, said it plans to raise $3 bln of capital to quash questions about its stability. Lehman’s shares
European shares rose on Tuesday after UBS unveiled a fresh attempt to reverse its fortunes and writedowns that were along expected lines, sending its shares up 6 %. UBS posted $19 bln
The euro area seasonally-adjusted unemployment rate stood at 7.1% in February, unchanged compared with January. It was 7.6% in February 2007. The EU27 unemployment rate was 6.7% in February 2008, compared with
Enlargement Commissioner Olli Rehn has condemned the latest developments in Turkey regarding the prosecution case against the AKP “I take note of the decision of the Constitutional Court to deal with the
Ericsson will conduct the world’s first demonstration of end-to-end HSPA Evolution technology with speeds of up to 42 Mbps at CTIA Wireless 2008, which is being held in Las Vegas from April
Business is taking the lead in terms of cooperation in the Western Balkans by setting up a regional centre where national representations can constructively exchange experiences and promote cooperation projects that will
The Conservative Party announced the names of candidates in the elections for the European Parliament in 2009 that includes a successful Cypriot. Barnet Councillor Marina Yannakoudakis will be third on the list
The Sage Group plc, a leading global supplier of business management software and services, announced the acquisition of Hallco 1390 Ltd for an enterprise value of £21 mln, paid in cash. Hallco’s
Motorola, Inc. announced that it has been selected by the West Virginia State Police to deploy its Printrak Biometric Identification Solution (BIS). Motorola’s latest BIS solution features new algorithms for improved analysis
STMicroelectronics of Switzerland, together with Intel and Francisco Partners announced the closing of their previously announced Numonyx joint venture. STMicroelectronics contributed its flash memory assets and businesses in NOR and NAND, including
