All Posts Tagged With: "world news"

Global Investment News Roundups

German Gov’t Takes 25% Bank Stake; Walgreen Cutting 1,000 Jobs; Boeing Orders Fall 53%, TD Ameritrade Acquires thinkorswim; Gas Dispute Continues; BOE Cuts Rates; Lenovo Sheds Jobs; Crude Down Again

  • Germany’s government will take a 25% stake in its second-largest bank, Commerzbank AG (ADR:CRZBY). The 10 million euro ($13.7 billion) investment comes as Commerzbank is completing its acquisition of Dresdner Bank from Allianz SE (AZ), Bloomberg reported.
  • Walgreen Co. (WAG) said it plans to cut about 1,000 jobs outside its drugstores, part of a plan that aims to save $1 billion annually by its fiscal 2011. Part of the plan is offering…
9Jan2009 | Money Morning | 0 comments | Continued

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