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Austria regulator assumes control of Bank Medici

Source: International Herald Tribune

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 accepts Lufthansa bid for Austrian Airlines

Source: International Herald Tribune

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...

Is your money manager a crook?

Source: MSN Money

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...

Analysts slash BHP iron ore numbers

Source: Sydney Morning Herald

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 Lease appoints McCann CEO

Source: Adelaide Now

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...

Austrian bank affected by Madoff fraud scandal

Source: International Business Times

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,...

Microsoft warns of critical bug in SQL Server

Source: Pak Tribune

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...

Jive Scores Another Customer

Source: Seattle Post Intelligencer

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 Lease heading for loss

Source: Sydney Morning Herald

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...

Austrian National Bank lowers economic growth expectations

Source: Xinhuanet.com

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...