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- AUSTRIAN AIRLINES IMPLEMENTS FURTHER MEASURES
TO INCREASE COMPETITIVENESS Targeted cost reduction to produce medium-term improvement in result - complete restructuring of company - around 1,000 fulltime-jobs to be cut 2 July 2009 Having already fulfilled its ambitious package of short-term measures
- British look into Madoff payments to banker
LONDON - British authorities have started an investigation into millions of dollars of payments from the operations of the convicted money manager Bernard L. Madoff to companies linked to the Austrian banker Sonja Kohn, an Austrian official confirmed
- Austrian Airlines to cut 1,000 jobs by mid-2010
VIENNA ? Austrian Airlines, the ailing carrier due to be taken over by Germany's Lufthansa AG, said Thursday it will cut about 1,000 jobs by mid-2010 as part of an effort to boost its competitiveness. In a statement, the airline said the downsizing
- British Study Madoff Payments to Austrian Banker
LONDON British authorities have started an investigation into millions of dollars of payments from the operations of the convicted money manager Bernard L. Madoff to companies linked to the Austrian banker Sonja Kohn, an Austrian official confirmed on
- British Scrutinize Madoff Payments to Bankers Operations
LONDON British authorities have started an investigation into millions of dollars of payments from the operations of the convicted money manager Bernard L. Madoff to companies linked to the Austrian banker, Sonja Kohn, an Austrian official confirmed
- Mexico's Cemex hit as asset sale fails; peso firms
(Adds closing stock prices, background) MEXICO CITY, July 3 (Reuters) - Shares in major Mexican cement maker Cemex slumped on Friday after a deal to sell some of its assets to Austrian builder Strabag fell apart, spurring Cemex to threaten a lawsuit. The
- Cemex eyes legal action over failed Austrian deal
MONTERREY, Mexico, July 3 (Reuters) - Mexico's Cemex, the world's No. 3 cement company, said on Friday it was considering legal action against Strabag (STRV.VI) over a failed asset sale to the Austrian builder. Strabag dropped its plan to buy Cemex's
- Mexican stocks slip, Cemex hit as asset sale fails
MEXICO CITY, July 3 (Reuters) - Mexican stocks fell on Friday, hit by losses in shares of cement giant Cemex after a deal to sell some of its assets to Austrian builder Strabag fell apart. The IPC stock index <.MXX> fell 0.28 percent to 23,984.
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Once the center of power for the large Austro-Hungarian Empire, Austria was reduced to a small republic after its defeat in World War I. Following annexation by Nazi Germany in 1938 and subsequent occupation by the victorious Allies, Austria"s 1955 State Treaty declared the country "permanently neutral" as a condition of Soviet military withdrawal. Neutrality, once ingrained as part of the Austrian cultural identity, has been called into question since the Soviet collapse and Austria"s increasingly prominent role in European affairs. A prosperous country, Austria joined the European Union in 1995 and the euro monetary system in 1999.
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