UAE sets up public debt management unit

September 30th, 2009 JPMorgan shuffles investment banking managementNEW YORK — JPMorgan Chase is shuffling the management duties of its investment bank and asset management units. The New York-based bank holding company says Steve Black will become executive chairman of the investment bank business.

September 24th, 2009 TALCHER - The central government has decided to revive the closed fertiliser unit in Talcher at an investment of Rs.12,000 crore, Minister of State for Chemicals and Fertilisers Srikant Kumar Jena said here Thursday. The coal-based fertiliser unit here, some 130 km from the state capital Bhubaneswar, had a capacity of producing 495,000 tonnes of urea and 297,000 tonnes of ammonia per annum and was closed down in 1999 due to "economic non-viability".

September 21st, 2009 Education Management to sell 20M shares in IPOPITTSBURGH — Education Management Corp. said Monday it would sell 20 million shares, at $18 to $20 a piece, in an initial public offering that will help it pay down debt.

September 10th, 2009 QUETTA - Quetta police has arrested three people and seized hundreds of wireless sets, which were stolen from NATO supply containers, during a raid on a warehouse in Pakistan's Spini area. Earlier, militants had burnt eight NATO tankers in Quetta and fled with the biggest haul of wireless devices.

August 25th, 2009 Lockheed Martins starts missile defense unitHUNTSVILLE, Ala. — Lockheed Martin Space Systems Co., a division of defense contractor Lockheed Martin Corp., said Tuesday that it has established a new missile defense systems operating unit based in Huntsville, Ala.

July 21st, 2009 UK public sector debt swellsLONDON — The British government borrowed a net total of 13 billion pounds ($21.4 billion) in June, raising national debt to 56.6 percent of GDP as tax receipts slumped amid the recession, the Office for National Statistics said Tuesday. The debt figure was lower than the consensus forecast of 15.5 billion pounds, but as a percentage of annual economic output it has risen sharply — from 54.8 percent in May, 44.4 percent in June 2008 and 36.7 percent in June 2007.

July 15th, 2009 AIG speeds up spinoff of life insurance unitNEW YORK — American International Group Inc. is speeding up plans to spin off its American Life Insurance Co.

June 17th, 2009 Saab's creditors accept $1 bln debt settlementSTOCKHOLM — GM unit Saab's creditors on Wednesday approved the write-down of 8.1 billion kronor ($1 billion) of the Swedish car maker's debt as part of the company's reconstruction. Saab Automobile AB spokeswoman Gunilla Gustavs said 81.5 percent of creditors approved the settlement at a hearing in the Vanersborg district court in southwest Sweden.

May 6th, 2009 Blackstone Group's 1st-quarter loss narrowsNEW YORK — Private equity firm Blackstone Group LP said Wednesday its first-quarter loss narrowed as management and advisory fees increased. Despite the improvement, Tony James, the company's president and chief operating officer, remained cautious about any signs of recovery in the economy.

May 5th, 2009 UBS confirms 2B francs net loss for Q1ZURICH — UBS AG reported a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) Tuesday, confirming a warning given last month, and said it remains cautious about its outlook as loan losses are expected to mount amid the economic downturn. UBS, which replaced its CEO, chairman and several other senior officials after record losses of some 21 billion francs last year, also said customer withdrawals continued in the first quarter.

April 21st, 2009 Figures on government spending and debtWASHINGTON — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct.

March 7th, 2009 KOLKATA - Tyre maker Dunlop India's Sahaganj unit in West Bengal reopened Friday after remaining shut for over three months, with the company saying production could start in 30 days. The Dunlop management informed employees Tuesday through a notice at the factory gate about the resumption of operation, and said production will commence once the repairing and refurbishing of the plant was completed.

March 6th, 2009 KOLKATA - Tyre maker Dunlop India's Sahaganj unit in West Bengal re-opened Friday after remaining shut for over three months but did not resume production. The Dunlop management had informed employees Tuesday through a notice at the factory gate about the resumption of operation, and said production will commence once the repairing and refurbishing of the plant is completed.

February 18th, 2009 THIRUVANANTHAPURAM - Kerala's 2006 per capita debt stood at over Rs.14,300 - the highest among states in south India - against the national average of around Rs.9,000. This was stated in the Economic Review 2008 tabled in the Kerala Assembly Thursday.

January 19th, 2009 BHUBANESWAR - More than 1,000 workers of a Birla Tyres unit in Orissa Tuesday staged a demonstration in protest against the temporary shutdown of the facility, the police said. The workers took out a procession from the factory at Balasore, some 200 km from here, to the office of the district collector, raised slogans against the company management and sought the district administration's intervention.