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Business News Archive - March 21, 2009

SAO PAULO, Brazil, March 21 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A.

The European Union says it will contribute an additional $102 billion to back the International Monetary Fund and extend more credit to Eastern Europe. European leaders meeting in Brussels Friday agreed to loan the IMF $102 billion and also agreed to a smaller $6.8 billion package of spending measures despite opposition from Germany, which insisted on adding conditions to make the costs lower, The International Herald Tribune reported. Meanwhile, the EU also moved to double the $34 billion ceiling on an emergency fund set up to help Eastern European countries outside the eurozone whose currencies are in crisis, such as Latvia and Hungary, which have already accessed the fund, the newspaper said. The decisions that we have made today, and the extra money that is being released, will help ensure that we do everything in our power to return the global economy to growth at the quickest possible opportunity, British Prime Minister Gordon Brown said, the German broadcaster Deutsche Welle rep

Italian automaker Fiat will not assume any government debt incurred by U.S. carmaker Chrysler LLC, the companies say. Chrysler had earlier claimed that Fiat would assume 35 percent of the debt it would owe to the U.S.

Two large wholesale credit unions with combined assets of $57 billion have been seized by U.S. financial regulators, officials said. The National Credit Union Administration said Friday it had taken over the U.S.

Japan's Honda Motor Co. says it is set offer U.S. consumers the Insight, which it calls the world's first affordable hybrid vehicle. The company said in Tokyo that the U.S.

SUNNYVALE, Calif., March 21 /PRNewswire/ -- The fourth and final pair of massive solar arrays, built by Lockheed Martin (NYSE: LMT) at its Space Systems facility in Sunnyvale, have been installed on the International Space Station by the crew of the space shuttle Discovery.

LIHUE ON KAUAI, Hawaii, March 21 /PRNewswire-USNewswire/ -- Riki Ellison, Chairman of the Missile Defense Advocacy Alliance, www.missiledefenseadvocacy.org reports on the testimony of the US Military Pacific Commanders who appeared before the Senate Armed Services Committee on March 19, 2009.

Russian Deputy Prime Minister Sergei Sobyanin said Saturday his country could soon sign an agreement with Japan over civilian nuclear power. Sobyanin said Russian officials are hopeful a draft of the agreement will be prepared in time for Prime Minister Vladimir Putin's visit to Japan in May, RIA Novosti reported. We plan to finish drafting the intergovernmental agreement in May by the time of the Russian prime minister's visit to Japan, so that this agreement could be signed during the visit, Sobyanin said. Sergei Kiriyenko, head of Russia's Rosatom Nuclear Energy State Corp., said the agreement would allow civilian nuclear power projects to move forward in the Asia-Pacific Region. We are waiting for the intergovernmental agreement to be signed as a guarantor of observing the non-proliferation regime commitments, he said. RIA Novosti said Rosatom and the Toshiba Corp.

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The unemployment rate in California reached 10.5 percent in February its 11th straight month of increases, the state says.

Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.