Vienna :: Austria
| 5 days ago
| Business News
The Austrian financial regulator assumed control Friday of Bank Medici after the private bank said it had $2.1 billion invested in funds managed by Bernard Madoff...The Financial Markets Authority is assigning the state supervisor Gerhard Altenberger to the bank to "safeguard...
Vienna :: Austria
| about 1 month ago
| Business News
Lufthansa's offer to buy 41.56 percent of Austrian Airlines for €366,000 was accepted Friday by the Austrian government, with a provision for a further payment of €162 million in 2011. The asset agency's approval is one step in Lufthansa's bid, made...
Vienna :: Austria
| 7 days ago
| Business News
The list of Bernard Madoff's victims reads like a who's who of prominent business people, banks and financial firms. DreamWorks CEO Jeffrey Katzenberg reportedly invested millions. HBC , news , msgs ) and Austria's Bank Medici could lose billions. An...
Mining :: Austria
| about 1 month ago
| Business News
The world's third biggest ore producer might cut output from its mines in Western Australia by 30 million metric tonnes in response to a price slump, analysts at Merrill Lynch led by Vicky Binns said in a report on Friday....
Lend :: Austria
| 22 days ago
| Business News
Lease has appointed finance director Steve McCann as its new chief executive. The appointment ends a nine-month worldwide search for a suitable candidate by the construction giant. Mr McCann, a former investment banker and lawyer, will officially take over as...
Vienna :: Austria
| 21 days ago
| Business News
Wall Street money manager Bernard Madoff, 70, was arrested last week in what prosecutors say was a $50 billion scheme to defraud investors, including the world's big banks, the rich and the famous. "In connection with the Madoff fraud case,...
Vienna :: Austria
| 14 days ago
| Business News
Microsoft Corp. today warned customers that attack code has been released targeting a critical vulnerability in older versions of its widely-used SQL Server database software, and it urged users to apply a temporary work-around. The bug was first reported to...
Vienna :: Austria
| 14 days ago
| Business News
Portland, OR-based Jive Software, which makes social-networking and communication tools for businesses, announced it has signed up Bewag, the Austrian electric utility, as a customer. Since laying off a third of its staff in October , Jive has signed a...
Lend :: Austria
| about 1 month ago
| Business News
THE former property industry leader Lend Lease is heading towards a loss for the first time in its 50-year history, after being forced to write off $490 million from the value of its assets due to deteriorating market conditions. In...
Vienna :: Austria
| 29 days ago
| Business News
Austrian National Bank lowers its economic growth expectations for Austria by 2 percent for 2009 and1.6 percent for 2010 respectively in a report released on Tuesday. According to the forecast, the GDP (gross domestic product) growth rate of Austria in...