Tuesday 2 June 2009

Kyiv star from west star.



Half-pigs, half-goats, and half-dogs: I won’t fog up my vision or intuition with false expectations. Whatever leftover resentment toward this previous “friends” (i.e. from Portland 450 cement) I can hold. The only shame is that I can’t use the image of Gazprom (TNK-BP) Beachy Head in this remark. Well, BIKO Holding, завтра ещë pаз плюну:

Bomb blasts injure more than 20 in Ukrainian bank ALJAZEERA.NET Bombs exploded in a bank in southern Ukraine Tuesday, injuring more than 20 people, authorities in the former Soviet republic said. Five of the injured were taken to hospital with serious injuries and one remained in a "very serious" state after two mid-morning blasts in the town of Melitopol, the Emergencies Ministry said in a statement. "Two explosions occurred on the first floor of a nine-storey apartment building," it said. The ministry referred only to a single "explosive device of an unknown nature." The ministry said 16 people received treatment, mostly for injuries caused by glass, with damage extending to apartments above the bank. Local officials said 25 people were hurt. Ukrainian media identified the bank as a branch of state savings bank Oshchadbank. Police made no comment on the incident. A local newspaper, Melitopolskiye Vedomosti, said the explosion occurred after two unknown men had entered the bank, left packages inside and fled.

LDV again on brink as Malaysians pull out June 2 2009 14:54 LDV, the van maker that underpins 3,500 jobs in the West Midlands, is seeking to enter administration after would-be buyer Weststar was unable to raise the necessary funds. LDV’s agonizing struggle for survival started lasted December, when a slump in van sales forced it to suspend production. It now looks as if the business may be experiencing its final death throes, with an administration hearing expected on Friday or Monday. Ironically, this would follow news of improving fortunes for other manufacturers. It is understood that Weststar, which is closely linked to the Malaysian government and military, failed to secure funding from three significant investors. The group then asked the Department for Business for a £45m bridging loan. Ministers rejected the plea on the grounds that private investment was unavailable and that the survival chances of LDV were poor. The UK government had already advanced a £5m loan to support LDV during negotiations between its owner, Gaz of Russia, and Weststar. However, Westar was guaranteeing withdrawals from this facility, which now total £1.4m. It is understood that Weststar recently told government that it would not guarantee any more than this. LDV on Monday sent home the skeleton staff of 50 working at its plant. It employs 850 people directly, with around 2,500 employees dependent on the company at dealerships and suppliers. The LDV plant is the last remaining factory that is still open in Washwood Heath, a chronically deprived district of Birmingham. The city itself has been particularly badly hit by the recession.

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