Banks charged with Parmalat failure
The indictment yesterday of four international banks on criminal charges related to the 2003 failure of the Parmalat dairy empire could help bondholders recoup millions in losses and potentially exposes the banks to a ban from operating in Italy....
US automakers to seek labour cost parity with Asian rivals
General Motors, Ford and Chrysler will seek labour cost reductions that put them on par with their Asian rivals during summer contract talks with the United Auto Workers (UAW), officials of the three automakers said yesterday.
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