Da, dobro si primetio da je situacija LOSA Mika -----Original Message----- From: Darko Nadic [mailto:[EMAIL PROTECTED]] Sent: October 18, 2001 4:10 PM To: [EMAIL PROTECTED] Subject: Re: [NSP] Business this week
Ovde mora da je Djindjolina umesao prste ----- Original Message ----- From: Miroslav <mailto:[EMAIL PROTECTED]> Antic To: NSP <mailto:[EMAIL PROTECTED]> ; NATO <mailto:[EMAIL PROTECTED]> ; Siem-News <mailto:[EMAIL PROTECTED]> ; SNN <mailto:[EMAIL PROTECTED]> ; [EMAIL PROTECTED] Cc: 'KPJ' <mailto:[EMAIL PROTECTED]> ; SIN <mailto:[EMAIL PROTECTED]> ; Hydro <mailto:[EMAIL PROTECTED]> Sent: Thursday, October 18, 2001 8:29 PM Subject: [NSP] Business this week Business this week October 18th 2001 >From The Economist print edition Going bust Bethlehem Steel filed for chapter 11 bankruptcy protection. America's second-largest steel maker joins 19 other steel companies that are seeking protection from creditors. The business was suffering from overcapacity and competition from cheap imports even before America's weakening economy hit home. See <http://theeconomist.s.maildart.net/link_31006_6511227_2_142057444_87298 492_1_7f> article: America's troubled steel companies E+ <http://www.economist.com/images/dingbats/e5.gif> Polaroid also filed for bankruptcy protection. The instant-photo firm had been in poor financial condition for some years and will continue seeking a buyer for all or part of the company. See <http://theeconomist.s.maildart.net/link_31005_6511227_2_142057444_87298 492_1_7e> article: Bankruptcy on the rise in America E+ <http://www.economist.com/images/dingbats/e5.gif> Hanging up the phones AP <http://www.economist.com/images/20011020/4201ww4.jpg> Siemens, a huge German technology firm, announced that it would shed 7,000 jobs from both its fixed-line and mobile-phone operations and close some factories to return the businesses to profitability. British Telecom and AT&T agreed that it was time for Concert's finale. The demise of their loss-making business-telecoms joint venture will put 2,300 people out of work and cost $7.3 billion; AT&T will suffer the most, with charges of $5.3 billion. GM said that profits in the third quarter had fallen by 54% to $385m, excluding charges of $753m. Ford announced a quarterly loss of $692m. After losing $752m in the previous quarter, these are Ford's first consecutive quarterly losses since 1992. France's government succumbed to pressure from mobile-phone companies and cut the cost of third-generation mobile licences from euro4.95 billion ($4.5 billion) to euro619m. It also raised their duration from 15 to 20 years, but will still levy a tax on revenues. IBM said that profits in the third quarter were down by 19% to $1.6 billion compared with a year ago because of a fall in sales and “challenging” conditions after September 11th. Intel reported that profits in the third quarter were down by 96% to $106m, in line with expectations. EMI, a British music group, said that Ken Berry, chief executive of its recorded-music arm, would leave, victim of the company's inability to improve profitability in America. He is to be replaced by Alain Levy, formerly chief executive of PolyGram. See <http://theeconomist.s.maildart.net/link_31004_6511227_2_142057444_87298 492_1_7d> article: Face value: No more Mr Nice Guy Banks lose out Citigroup, an American financial-services giant, said that profits in the third quarter were down by 9% to $3.2 billion. It cited falling profits from investment and mounting insurance claims related to September 11th. J.P. Morgan Chase said that profits were down by 68% over the same period, to $449m. Merrill Lynch announced third quarter profits down by more than half to $422m, and said that it had shed 2,300 jobs to cut costs. More could follow. In particular, the Wall Street investment bank is expected to cut overseas retail brokerages. Bank of America announced that profits had fallen by 54% to $841m in the third quarter compared with a year ago. Increased provisions for bad loans were partly to blame. Commerzbank, Germany's fourth-biggest listed bank, announced a round of cost-cutting, including the loss of 3,400 employees, some 8.5% of the total. It also ruled out restarting merger talks until its house is in order. Subsidies in the air The European Commission said that, despite its firm line on state aid, it would allow Belgium's government to extend a loan of euro125m ($113m) to Sabena, the country's heavily indebted flag carrier. Ryanair, a leading low-cost airline, promised legal action to block the loan. As estimates for the cost of rebuilding Swissair more than doubled to SFr3 billion ($1.8 billion), the Swiss government faced growing calls to stump up more cash to keep its flag-carrier in the air. But a bail-out may force the European Commission to take action: the Swiss have agreed to abide by EU competition rules. Deutsche Börse is joining the bidding for Liffe. The London derivatives exchange is now being pursued by three European stock exchanges. Highly competitive <http://www.economist.com/images/20011020/CWW734.gif> Finland is the most competitive economy in the world, despite its rigid labour markets, powerful unions and high tax rates, according to the Global Competitiveness Report from the World Economic Forum. It displaces America from last year's top slot. Of the 75 countries included, Zimbabwe, experimenting with a more extreme form of socialism, languishes in last place. NSP Lista isprobava demokratiju u praksi ------=extPart_000_0073_01C157E1.5B01FE80-- NSP Lista isprobava demokratiju u praksi ------=extPart_000_0072_01C15821.9EE8B360-- NSP Lista isprobava demokratiju u praksi ==^================================================================ EASY UNSUBSCRIBE click here: http://topica.com/u/?bUrBE8.bVKZIq Or send an email To: [EMAIL PROTECTED] This email was sent to: archive@jab.org T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================
