Financial
Top 10 carmakers sitting on $221 billion in cash PDF  | Print |  E-mail
Written by COLLEEN BARRY, AP Business Writer   
Wednesday, 05 March 2014 07:33

GENEVA (AP) — A new study shows that the top 10 global automakers amassed more than $221 billion (161 billion euros) in cash by the end of 2013 to invest in new products, strategic alliances and other growth strategies.

Global consultancy EY said Wednesday that effectively managing that cash was a key concern among 100 top industry executives it had surveyed.

EY analyst Anil Valsan said companies are stockpiling cash so they don't have to count on banks, which have been reluctant to offer loans. The cash pile has grown steadily despite the crisis and partly in reaction to it, the survey found. EY didn't have comparative figures from previous years.

Besides new car development, automakers are looking for strategic partners to enter new markets in northern Africa, the Middle East and southeast Asia.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Greenpeace hangs protest banners at P&G HQ in Ohio PDF  | Print |  E-mail
Written by DAN SEWELL, Associated Press   
Wednesday, 05 March 2014 07:20

CINCINNATI (AP) — A protest in which Greenpeace activists using a zip line unfurled huge banners at Procter & Gamble Co. headquarters in Cincinnati has ended.

Cincinnati police say nine protesters have been arrested. Police say they were initially being held on charges including vandalism and burglary and were still being questioned Tuesday afternoon.

The environmental organization says the 60-foot banners on P&G's two towers were in protest of the consumer products company's use of palm oil from a supplier that Greenpeace says is linked to tropical forest destruction in Indonesia.

A company spokesman says P&G is committed to achieving 100 percent sustainable sourcing of its palm oil.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Bitcoin bank closes after high-tech heist PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 05 March 2014 07:23

SAN FRANCISCO (AP) — A bank specializing in bitcoins says it has closed after computer hackers robbed its digital currency.

The closure of the Flexcoin bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange.

Mt. Gox also linked its demise to an electronic heist.

The twin failures of Mt. Gox and Flexcoin will likely raise more doubts about bitcoin's ability to establish itself as an alternative currency.

Hackers stole 896 bitcoins from Flexcoin's online vault, or "hot wallet," according to a notice on Flexcoin's website Tuesday. That translates into a loss of about $600,000, based on bitcoin's current trading value.

Read more...
 
California gold discovery spurs rush of theories PDF  | Print |  E-mail
Written by JOHN ROGERS, Associated Press   
Wednesday, 05 March 2014 07:15

LOS ANGELES (AP) — Word last week that a Northern California couple found $10 million in gold coins while walking their dog has set off a Gold Rush of theories over who left behind all that loot.

One is that Jesse James' gang deposited it in hopes of someday financing a second Civil War. Another postulates that the gold originally belonged to gentleman robber Black Bart, who wrote poetry when he wasn't sticking up stagecoaches.

But the theory gaining the most traction this week is that the hoard is made up of most of the $30,000 in gold coins that Walter Dimmick stole from the U.S. Mint in San Francisco in 1901. The coins were never recovered.

That theory, from fishing guide and amateur coin historian Jack Trout, set off a flurry of calls to the U.S. Mint after it was reported by the San Francisco Chronicle on Monday.

The Northern California couple's coins are called the Saddle Ridge Hoard after the area of the couple's land where they were discovered.

Last Updated on Wednesday, 05 March 2014 07:16
Read more...
 
<< Start < Prev 131 132 133 134 135 136 137 138 139 140 Next > End >>

Page 134 of 274

Front Page Stories

Perrysburg Twp. man gets 22 years for rape, assault
07/25/2014 | PETER KUEBECK, Sentinel Staff Writer

A Perrysburg Township man was sentenced to more than 22 years in prison Thursday afternoon after bei [ ... ]


Otsego approves contract with staff
07/25/2014 | Sentinel-Tribune
article thumbnail

TONTOGANY - The Otsego school district has inked a new three-year contract with  [ ... ]


Other Front Page Articles