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World Business Briefing | Asia: Japan: G.E. Lending Unit Scaling Back

Thu, 08 Mar 2007 23:00:55 EDT | New York Times

The General Electric Company?s Japanese consumer lending unit said it would close 60 percent of its branches and cut 15 percent of its employees as part of a restructuring plan. The GE Consumer Finance Company, a Tokyo-based lender, will shut 73 of its 115 branches and 200 of its 1,342 unmanned outlets, the firm said. The company said it would also cut as many as 400 employees out of 2,600 by the end of June.


Halliburton to Move Headquarters to Dubai

Mon, 12 Mar 2007 16:00:00 EDT | NPR News Headlines

Halliburton has announced that it will open a headquarters in Dubai and that the company's CEO and Chairman, David Lesar, will work from that office in the future. At the same time, the company says it will keep its legal incorporation in the U.S. and still be subject to U.S. law, regulation and taxation.


Managing a company fit-out

Tue, 13 Mar 2007 04:08 GMT | CayCompass.com

Fitting out a new premises or refurbishing an existing one can be challenging for any company, so it is important that the project is managed effectively from the outset with a clear plan and set of objectives.


Russian Company Accused of Buying Press Coverage

Tue, 13 Mar 2007 20:49:24 EDT | New York Times

A Norwegian cellphone company claims that a Russian telecommunications company paid journalists in Ukraine to publish negative articles.


Marriott Chief Received $8.58 million in 2006

Wed, 14 Mar 2007 00:46:20 EDT | New York Times

J.W. Marriott Jr.?s compensation included perks such as use of the company?s private jet and company paid life insurance and tax services.


World Business Briefing | Americas: Canada: Bank Acquires New Jersey Money Manager

Wed, 14 Mar 2007 02:21:31 EDT | New York Times

The Royal Bank of Canada agreed to buy a money manager J. B. Hanauer & Company of New Jersey, in its sixth acquisition in the United States in the last year. Details of the purchase, which is expected to be completed in May, were not disclosed, Royal Bank said. J. B. Hanauer, created in 1931, specializes in fixed-income and wealth management services. The company, based in Parsippany, has five offices in three states, with about 300 employees including 147 financial consultants, and almost $10 billion in assets under administration.


World Business Briefing | Europe: Antitrust Case Against Glassmakers

Thu, 15 Mar 2007 00:13:51 EDT | New York Times

European Union regulators accused the Nippon Sheet Glass Company, the Asahi Glass Company and two competitors of fixing the price of glass used in construction. Asahi?s Glaverbel unit in Belgium, Nippon Sheet Glass?s Pilkington in Britain, the Guardian Industries Corporation in the United States and Saint-Gobain in France said that they were notified of the accusations and would respond. The companies have two months to reply.


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