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GPS tracking for four-wheelers and even people has been around for a while. Xact Technology(TM), LLC says its a new patent pending GPS portable tracking device is adapted particularly for power sports enthusiasts.

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As US Automakers pray that sharply lower petrol prices will mean customers buy the mountains of "gas-guzzling" monsters that Detroit has pumped out without thinking that the market might drop, Hyundai has come up with a novel scheme. And many people will be foolish not to take it.

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CoNet Administrator

B Ramalinga Raju: This is a beauty parade for a global audit firm to cover Satyam's audit requirements. Are you ready to bid?

Big Four: Yes, Yes. Just give us the chance.

Mr Katsuaki Watanabe is not a happy man. As the first head of Toyota to announce a loss in 71 years, he is standing down. The irony is that the losses are really not his fault.

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Almost in the face of some of his own cabinet, President Bush has announced that, in the dying days of his presidency, he will authorise support for the automotive industry - as little as ten days before GM is thought likely to run out of money. But it's not a grant or a gift. And it's a message to the financial sector: use the TARP money wisely or we'll take it back.

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What US Treasury Secretary Paulson did not mean when he spoke of "an orderly bankruptcy" for the US auto industry was closing it down. He means a variety of insolvency procedures designed to keep the businesses going.

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Chrysler Corporation says that it will suspend all US production for one month in the hope of shifting the metal sitting in showrooms and fields.

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Is there a pattern? Peter Mandelson's links to Indian businessmen were one of the reasons for at least one of his disgraces. Now, within weeks of his return from exile in Europe, he is once again "considering" assisting an Indian business.

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Ian Clegg may or may not have started studying a law degree - but he never graduated and never went to law school nor did he ever complete pupillage. But that didn't stop his ambitions to be an advocate.

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Editorial Staff

Madoff: I'm opening a new fund. We have existing funds that are going really well but I want to do something on my own, a kind of last hurrah, ego trip after a lifetime of making great investments.

Collection of banks: Hurrah

Private investors: Hurrah

People who should know better: hoo - hoo- awesome - rah.

The UK government has set up a new body to deal with complaints against lawyers. The six-figure job has just been advertised - with the stipulation that it must go to a non-lawyer.

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Ford says it doesn't need state aid, at least not yet. GM says it's on the verge of bankruptcy. And Chrysler says so little it seems stunned as the US Senate says it will not make direct loans to the Auto sector, pointing out that this is the job of the banks which have been told they can have USD700,000 million to fix the economy.

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Beresfords, the law firm based in the UK's Midlands that became the favourite of the UK's Union movement for claims by employees against employers has been found to have been more interested in its own commercial interests than in acting in the best interests of its clients. Its partners have been struck off.

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William C Thompson, Jr. says that he expects far more job losses than originally forecast.

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Washington manufacturer Danaher announces 1700 job cuts over the next year

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