Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009 Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM). According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired […]

Teräsbetoni frontman J. Ahola on representing Finland at Eurovision 2008 & more

Sunday, April 13, 2008 This article is a featured article. It is considered one of the best works of the Wikinews community. See Wikinews:Featured articles for more information. Teräsbetoni means “steel-reinforced concrete”, and is also the name of a Finnish heavy metal band formed in 2002. Their music, which centres on an honourable warrior lifestyle or on metal itself, quickly […]

Crucifixes can be displayed in state schools, European court rules

Saturday, March 19, 2011File:European court of human rights.JPG The Strasbourg-based European Court of Human Rights ruled unanimously yesterday that state school classrooms displaying crucifixes do not violate the rights of non-Catholic pupils. In a reversal of the unanimous November 2009 decision the court said, although the crucifix is “above all a religious symbol”, it is an “essentially passive symbol” and […]

BBC announces pay freeze and no bonuses for managers

Wednesday, January 28, 2009 More than 400 senior managers within the United Kingdom’s BBC, which employs around 28,500 people, have been told that they face a real-terms pay cut as bonuses and pay rises are scrapped this financial year. Tuesday’s announcement said that bonuses will not now be paid and pay rates will stay fixed until 2010. The BBC’s executive […]

Volkswagen engulfed by diesel emissions scandal

Tuesday, September 22, 2015 Chief Executive of Volkswagen Martin Winterkorn issued on Sunday a public apology and announced an outside inquiry would be carried out, after the company became engulfed in a scandal about diesel emissions tests. Over the weekend there were damaging revelations that the car manufacturer has been using illegal software to enable diesel cars to cheat on […]

Nurseries not harmful to children, says new UK study

Tuesday, June 8, 2010 A new study by a professor at the University of Oxford has concluded that attending nursery school does not have harmful effects upon “the vast majority” of children under two years old. The research contrasts with the views of other writers in the field, who argue that pre-school children achieve the best results when cared for […]

Iceland nationalises Kaupthing Bank

Thursday, October 9, 2008 Iceland’s Financial Services Authority has nationalised the Kaupthing Bank as a response to the financial crisis which may result in a total collapse of the nation’s economy. Kaupthing, together with Glitnir Bank and Landsbanki, owe a total of US$61 billion, which is twelve times the estimated size of the economy of the Nordic country. The Financial […]