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GM Europe takeover deal to be investigated by European Commission

The European commission is threatening to blow apart Thursday's £4bn deal delivering GM's European operations to a Canadian-Russian joint venture. The commission dramatically intervened with a statement saying that EU president José Manuel Barroso has asked two senior commissioners "to monitor the situation and to ensure information and transparency among all member states affected".

The Rover debacle is down to sheer cowardice

There is just one thing that makes more depressing reading than the Government™s £16-million, 850-page report into the collapse of the Rover Group. That is the news that Lord Mandelson is just about to make a similar mistake by trying to bribe Vauxhall™s new Canadian owners with £400 million of our money to keep open its factories in Luton and Ellesmere Port.

Rail strike called off

A planned strike by rail workers on First Capital Connect in the East of England over the sacking of a colleague has been called off, it has been announced.

Saturday, 12 September 2009

BBC News

Financial Times

  • War of words over MG Rover collapseA vitriolic row broke out after a government-sponsored report into the collapse of MG Rover attacked the £42m in financial rewards extracted by the ˜Phoenix Four™ directors of the failed carmaker
  • Shiplines cast nets wide to diversifyEarly efforts help the north-west's last remaining shipowners ride the storm with ease, as rates plunge and trade dries up for an industry hit hard by the recession
  • Delta in talks for Japan Airlines stakeDelta Air Lines is in discussions to take an equity stake in Japan Airlines, an investment that would help secure a strategic partnership between the two carriers and tip the balance of power among the world's global aviation alliances

The Guardian

  • GM Europe takeover deal to be investigated by European Commission The European commission is threatening to blow apart Thursday's £4bn deal delivering GM's European operations to a Canadian-Russian joint venture. The commission dramatically intervened with a statement saying that EU president José Manuel Barroso has asked two senior commissioners "to monitor the situation and to ensure information and transparency among all member states affected".
  • Report on Phoenix Four's MG plansReport into demise of car manufacturer reveals owners bought software to wipe clean hard drives and ran tax avoidance schemes

The Telegraph

Times Online

  • Class warrior Bob Crow claims that we are all left-wingers nowNew unions, forget it. Bob Crow is a traditionalist in an open-neck shirt with a medallion. The headquarters of the Rail, Maritime and Transport Union are covered with good, old-fashioned memorabilia. There are paintings of steam trains, embroidered banners and a trophy cabinet filled with silver cups from darts competitions. In the boardroom there are individual blotting pads and solid oak chairs.
  • Fairtrade chief gets on her bike to tackle global trade problemsFor the average London commuter, cyclists seem like a breed apart ” a hardy, muscly mutation of Homo sapiens, forever turning up in the office in Lycra clothing. For Harriet Lamb, the executive director of the Fairtrade Foundation, cycling is part of an ethical lifestyle that includes vegetarianism and campaigning for a fairer deal for farmers around the world. œI personally think it™s the most sensible way to get around London, she says. œI™m always at meetings before anyone who comes on the Tube. I actually find it quite relaxing ” you can just think about things, while the Tube can be quit...
  • The Rover debacle is down to sheer cowardiceThere is just one thing that makes more depressing reading than the Government™s £16-million, 850-page report into the collapse of the Rover Group. That is the news that Lord Mandelson is just about to make a similar mistake by trying to bribe Vauxhall™s new Canadian owners with £400 million of our money to keep open its factories in Luton and Ellesmere Port.

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Peterborough Telegraph

  • Rail strike called offA planned strike by rail workers on First Capital Connect in the East of England over the sacking of a colleague has been called off, it has been announced.

Reading Evening Post

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