Ford closes sale of Jaguar and Land Rover to Tata of India

Tata Motors said Wednesday it would buy the luxury brands Jaguar and Land Rover from Ford Motor for about $2.3 billion in cash, less than half the price that Ford paid for the two companies.

More info:
1. Volcker, ex-Fed chairman, chides current one data: 10.04.08
The imposing former Fed chief who felled the runaway inflation of the 1980s chided Ben Bernanke for toeing "the very edge" of the bank's legal authority in orchestrating the bailout of Bear Stearns.

2. New U.S. flight delays loom as safety reviews expand data: 10.04.08
Chaos at airports in the United States could go on for weeks as the U.S. Federal Aviation Administration and the airlines expand their scrutiny of passenger planes.

3. Britain's financial regulator to hire more supervisors data: 27.03.08
The Financial Services Authority issued a report that found its supervision of Northern Rock was inadequate.

4. Thain says Merrill Lynch exploring brokerage business in China data: 10.04.08
Merrill's chief executive also said during a visit to Beijing that his bank also had to expand its wealth management and investment banking business in the country.

5. Chinese banks pass on CIT Group data: 07.04.08
Major Chinese banks - including Industrial & Commercial Bank of China and Bank of China - decided not to invest in the U.S. commercial lender because of concerns about the company's ability to finance itself.

6. U.S. Senate panels to investigate Bear Stearns deal data: 27.03.08
Treasury Secretary Henry Paulson Jr. defended the takeover even as he called for more transparency on the part of Wall Street.

7. Microsoft said to be talking with News Corp. about joint Yahoo bid data: 10.04.08
The combination, which would join Yahoo, Microsoft's MSN and News Corp.'s MySpace, would create a behemoth that would upend the Internet landscape.

8. What is next for the U.S. economy? data: 10.04.08
While the rest of 2008 looks tough and the fire sale of Bear Stearns to JPMorgan Chase has added to pessimism, the darkest clouds may be lifting on the horizon.

9. Bear Stearns employees sending out rĂŠsumĂŠs in bad market data: 07.04.08
Bear Stearns employees are flooding Wall Street with their rĂŠsumĂŠs as the firm is acquired by rival JPMorgan Chase, but the job market looks bad, investment bankers and recruiters said.

10. Boeing delays 787 deliveries again data: 10.04.08
The new delivery date of autumn 2009 puts the plane, known as the Dreamliner, more than a year behind its original schedule.


my builder, your builder, builder news, Builder info, Big build, New build, Safety build, My decorators, My-decorators, Your decorators, your-decorators, Martin builder, building, Builder online,