Business News Archive - March 22, 2009

This year's International Housewares Association show opened Sunday in Chicago amid expectations the economy would have little impact on the overall industry. The annual paean to consumerism drew nearly 2,000 exhibitors to McCormick Place along with 60,000 registered attendees. The housewares industry has a history of being somewhat resistant to deep downturns and this one seems to follow the traditional pattern, IHA President Phil Brandl said.

Daimler increases share capital by 10% with exclusion of subscription rights of existing shareholders After acquiring all new shares, Aabar will hold 9.1% of the new share capital Issue price of euro 20.27 per share close to the current market price Total investment of euro 1.95 billion further strengthens Daimler's sound capital base and offers additional flexibility to invest in new automotive technologies Platform for joint strategic initiatives established Dr.

The economy may be in the red but the trend in the U.S.

Silicone has become a widely used substance for various kitchenware but Keir Kurinsky of Bay Village, Ohio, decided to make it just plain silly. Kurinsky's Sillycone Inc.

The holding company for Washington Mutual Inc. has sued the Federal Deposit Insurance Corp. for allegedly denying claims against the firm's former banking unit. The Seattle Times reported Sunday that the lawsuit was filed Friday in Washington.


American Airlines parent company, AMR Corp, is paying bonuses to its executives amid its financial troubles, drawing criticism from organized labor.

NEW YORK March 23 /PRNewswire/ -- As many marketers rethink their media budgets, it is quite clear the path Infiniti is taking with branded entertainment.

HOUSTON, March 23 /PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that it will organize its global operations by geography. Western Hemisphere operations will report to John A.

Word of the Day
  • A serpent whose bite was fabled to produce intense thirst.
The word 'dipsas' comes from a Greek word meaning 'thirst'.