Accenture to shift incorporation to Ireland
Good, Bad, and Ugly
GM bondholders shun tender offer; bankruptcy nears
The event marks a critical disappointment for GM, the largest U.S. automaker and once considered the bellwether of U.S. manufacturing. A popular ad for the automaker once stated that “What’s good for General Motors, is good for the USA.”
ArcelorMittal says delays Liberia iron ore mine
ArcelorMittal is a key investor in the poor former British colony, whose President Ellen Johnson-Sirleaf has made attracting foreign investment into its natural resources a centrepiece of her efforts to rebuild the country after a 1989-2003 civil war.
California voters soundly reject budget measures
Schwarzenegger last week said the government of the most populous state in the United States faced a shortfall of $15.4 billion for its next fiscal year even if the measures were approved — underscoring the severe downturn in state revenue. Personal income in California has shrank for the first time since 1938 amid a recession and double-digit unemployment.
Bank of America Chief Executive Officer Kenneth Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts March 12, 2009. Reuters/Brian Snyder
Rare blue diamond sells for record $9.5 million
GENEVA (Reuters) – A flawless vivid blue diamond weighing 7.03 carats sold on Tuesday for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby’s said.
Billy Elliot’ leads race for top US theater honors
The best theatrical event award pits comedian Will Ferrell’s show “You’re Welcome America. A Final Night with George W. Bush” against entertainer Liza Minnelli’s “Liza’s at The Palace,” Cirque du Soleil’s “Slava’s Snowshow” and Chinese production “Soul of Shaolin.”