And in the real world... Sony Ericsson, Ryanair, Volkswagen and more
By Matt Williams, campaignlive.co.uk, Tuesday, 18 August 2009 08:00AM
LONDON - Today's round-up of the biggest business stories.
Sony Ericsson, the troubled mobile phone manufacturer, has appointed Bert Nordberg as its new president. Nordberg will take on the role in October, replacing the outgoing Dick Komiyama.
Source: Financial Times
Ryanair is moving all but one of its ten routes from Manchester Airport to "lower-cost competitor airports" such as Leeds Bradford and Liverpool, in a bid to cut costs. The changes will result in Manchester Airport Group losing 44 flights per week, and around 600,000 passengers a year.
Source: Daily Mail
A record number of Volkswagen cars were sold in China last month as the car-maker continues to take advantage of the government stimulus packages from around the world.
Source: The Guardian
The recent stock market recovery appears to have come to a halt after shares across the world tumbled yesterday.
Source: The Daily Telegraph
Top directors at the 100 largest UK-listed companies have taken home £312.5 million in the past year, despite seeing the value of their companies fall by more than £420 billion in the same period.
Source: The Wall Street Journal
The Association of British Insurers is proposing a new scheme that would banish guaranteed bonuses, one of the most controversial aspects of bankers' pay.
Source: The Guardian
This article was first published on campaignlive.co.uk
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