Private equity firm Cerberus will buy the majority of DaimlerChrysler's struggling Chrysler Group for ,4-billion, a fraction of the -billion deal that created the transatlantic car union nine years ago. Cerberus Capital Management gets an 80,1% stake in Chrysler and its related financial services business, DaimlerChrysler said on Monday.
Switzerland's generosity and humanitarian tradition will be put to the test next Sunday when voters decide how to use billions of dollars rolling in from selling off part of the country's huge gold reserves.