Bonuses paid to failed bankers struck a raw nerve in Germany with Chancellor Angela Merkel calling the lavish bonus system incomprehensible. World leaders from U.S.

By Hamish Rutherford BEN Verwaayen, the Dutchman credited with transforming BT, has taken on another challenging assignment as head of loss making French-US technology giant Alcatel-Lucent.

Germany's Commerzbank shares slump after Dresdner deal BERLIN, Sept. 1 (Xinhua) -- Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge deal a day earlier.

By Sean Farrell Commerzbank plans to shed 1,200 jobs in London as it agrees to buy out Dresdner for EUR 8.8bn THE CITY is bracing itself for a further redundancies as Commerzbank prepares to cut more than half its workforce at Dresdner Kleinwort's London operation in its takeover of its German rival.

Black Diamond Mining Company, LLC, a producer of steam and stoker coal in Central Appalachia, announced that it retained Miller Buckfire & Co., LLC., a nationally recognized investment banking firm, as its exclusive financial advisor in connection with the company's restructuring.