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Business News Archive - April 25, 2009

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Obama administration auto industry task force members Saturday raced to complete a bankruptcy plan for US automaker Chrysler LLC, sources said.

Migrant workers are leaving Western Europe and heading home as job prospects in the formerly fast-growing countries have deteriorated, analysts say. In Dublin, for instance, where about 180,000 Poles, Czechs and other Eastern Europeans came in search of work after the European Union expanded in 2004, the unemployment rate has hit 11 percent and immigrants are returning home, The New York Times reported Saturday. The Economic and Social Research Institute in Dublin reported between April 2008 and the end of this month as many as 50,000 workers will have have returned home from Ireland. Since 2000, there has been a resurgence of intra-European migration, said Rainer Munz, head of research and development at Erste Bank in Vienna and a migration expert.

A Georgia bank shut down by regulators became the 10th in the state and the 26th in the United States to fail this year, officials said. American Southern Bank of Kennesaw, Ga., was closed by Federal Deposit Insurance Corp.

Shareholders Elect Four Directors Board Selects Barry Allen as Chairman Board Approves Cash Dividend for Second Quarter 2009 MILWAUKEE, April 25 /PRNewswire-FirstCall/ -- Harley-Davidson, Inc.

Rookie pole sitter claims his first series win at VIR ALTON, Va., April 25 /PRNewswire/ -- Another picture-perfect day greeted the SCCA Pro Racing Volkswagen Jetta TDI Cup at VIRginia International Raceway today for Round 1 of the 2009 season.

FORT LAUDERDALE, Fla., April 26 /PRNewswire/ -- MSC Cruises confirms that the Melody cruise ship was attacked by pirates near the Seychelles Islands on Saturday evening, April 25, 2009.

Word of the Day
ecotone
  • A transitional zone between two communities containing the characteristic species of each.
The word 'ecotone' comes 'eco-' plus a Greek root meaning 'tension'.