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Daimler - Single and Loving It

Spiegel - After the May sale of its long-ailing Chrysler unit, Germany’s DaimlerChrysler is back on the road to the kind of lofty earnings befitting a luxury automaker-and could soon overtake rival BMW. During a first-half conference call with analysts on Aug. 29, Chief Executive Dieter Zetsche said the group’s operating margin for 2007 would be significantly better than his 7% target. He predicted it would hit 10% by 2010 at the latest-likely outpacing profit margins at BMW, which hover between 7% and 8%.

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Georgia calls for US help as Russians invade South Ossetia

Guardian - Georgia today called on the US to step in after Russian tanks rolled across the border to aid separatists in the breakaway region of South Ossetia. The Georgian president, Mikhail Saakashvili, said it was in US interests to help his “freedom-loving” nation. In an interview with CNN, he said: “Russia is [...]

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