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Greenbrier says GE in breach of contract

Greenbrier Cos Inc said key customer GE was in breach of its contract obligations for taking fewer railcar deliveries, and added that it would stop production at a Mexico facility and furlough 550 more workers.
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G8 plus G5 agree to end Doha in 2010

G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.
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Dollar status unlikely to be in G8 communique: G8 source

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
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Recovery frail but stimulus exit must be timely

Unprecedented attempts to stimulate economic growth may fail to bring a sustained recovery, yet withdrawing them too late could be even more risky, leading central bankers said on Monday.Regional currencies would gain in importance, they also said after two days of talks. But the U.S. dollar still had no serious rival in playing a lead role in foreign reserves and trade settlement, according to th...
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MySpace to cut two-thirds of global workforce

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.
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MySpace to axe two-thirds of global workforce

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.
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Storm menaces Mexico coast, hurricane expected

Powerful tropical storm Andres churned off Mexico's Pacific coast on Monday, threatening to brush past the popular beach resort of Zihuatanejo and was expected to build into a hurricane.
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Flu virus costs Delta $250 million in revenue

The H1N1 influenza virus cost Delta Air Lines $250 million in revenue, and the world's largest airline has cut capacity during the second quarter in response to the reduced demand, its chief executive said at the company's annual shareholders meeting on Monday.
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Scientists detect mutated Swine Flu

Scientists in Brazil has identified the first genetic variant of the novel influenza A (H1N1) from a patient who was hospitalized in Sao Paulo in, according to Medical News Today’s report on June 17.
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Nortel selling wireless unit to Nokia Siemens

Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.
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Switzerland strikes tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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Swiss strike tax deal with U.S.

Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
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Chrysler to resume production at 7 plants

Chrysler Group LLC said on Wednesday it will resume production of vehicles in seven North American assembly plants by the end of the month, the first large-scale resumption of production since the Fiat SpA led company acquired Chrysler assets earlier in June.

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