Saturday, September 20, 2008

Judge approves $1.3bn Lehman deal

Judge approves $1.3bn Lehman deal

September 20th, 2008 admin Posted in Business No Comments »

http://images.businessweek.com/ss/06/09/bestplacestowork/image/22.jpg A New York bankruptcy judge has backed a $1.3bn (£700m) plan for Barclays to buy the core business of collapsed US investment bank Lehman Brothers.

The deal gives the UK bank ownership of Lehman’s Manhattan skyscraper - worth nearly $1bn - as well as responsibility for some 9,000 former staff.

Lawyers for what was the fourth biggest US investment bank said they were confident many jobs would be safe.

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Alitalia airline cancels flights

Alitalia airline cancels flights

September 20th, 2008 admin Posted in Business No Comments »

Alitalia planes Alitalia has cancelled a number of flights from Rome’s Fiumicino airport, increasing fears that the carrier may soon go into liquidation.

The airline confirmed that a number of flights have been canceled, but denied it had run out of aviation fuel.

On Thursday, a consortium withdrew a rescue offer for Alitalia due to opposition from trade unions.

Alitalia, which filed for bankruptcy protection last month, has warned it is low on cash to buy more fuel.

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US debt rescue plan takes shape

US debt rescue plan takes shape

September 20th, 2008 admin Posted in Business No Comments »

New York Stock Exchange trader (19/09/08) Details are emerging of an emergency plan by the US government to tackle one of the worst crises to hit the world’s financial markets in decades.

The US Treasury is proposing a fund worth up to $800bn (£440bn) to buy back a large proportion of the bad debt in the US mortgage market, reports say.

President George W Bush hailed the move as "unprecedented action" in the face of "unprecedented challenges".

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Energy Savings Tips

Energy Savings Tips

August 28th, 2008 admin Posted in Eco-Friendly No Comments »

There are many ways in which you can use energy more efficiently and save money at the same time. EDF Energy have put together the following energy saving tips that will help you reduce your fuel bills at little or no cost.

TIPS AT NO COST

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Getting a good night sleep

Getting a good night sleep

August 29th, 2008 admin Posted in Interior & Decoration, Safety & Health No Comments »

If you haven’t given the quality of your bed a second thought recently, the UK’s Sleep Council would suggest that you do. A mattress has a shelf life of seven-to-ten years and if you’re suffering disturbed sleep, waking up un-refreshed or with aches and pains, or if your mattress shows signs of wear and tear, chances are it’s time to change yours.
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Bathrooms beyond bliss

Bathrooms beyond bliss

August 29th, 2008 admin Posted in Interior & Decoration No Comments »

Gone are the days when bathrooms were simply a functional necessity. Today our bathrooms are personal havens’ the one place where we can totally relax. In fact they are now so important to us that, when it comes to moving home, it is often the bathroom that clinches the sale.
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Candles: Fantastic Decor of your Home

Candles: Fantastic Decor of your Home

August 29th, 2008 admin Posted in Interior & Decoration No Comments »

Candle when burns bring out a feeling of peace and harmony. Therefore it is necessary that you spread the message of peace and harmony among your dear ones. Unity gift candles can be personalized and one of the best ways to express your love for your beloved ones is by giving gifts. Different gifts signify different things to different people. One of the best things to gift someone is by giving the person a Unity gift candles. You can gift a Unity gift candles to communicate different feelings. You can use it as a Valentine candle gift unique candle Gift basket, Yankee candle gift or may be a wedding candle gift basket. That is, you can choose the design, candle color and even ink color.

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