Centrix lays off 150 workers (Denver Post) Tighter credit union

Centrix lays off 150 workers (Denver Post)
Tighter credit union rules threaten to push Centrix Financial, owner of the Grand Prix of Denver, into a pit stop. Centrix Financial, based in Centennial, on Thursday laid off 150 people - 10 percent of its workforce of 1,500. The company cited lower loan volumes after regulatory guidelines released in June caused credit unions to pull back from making auto loans to borrowers with subprime credit

Europe Circles The Flat Tax (BusinessWeek)
The flat tax. In the eyes of many fiscal conservatives, it's the Holy Grail of public policy: One low income tax rate paid by all but the poorest wage-earners, who are exempt. No loopholes for the rich to exploit.

Not Much Tread On These Welcome Mats (BusinessWeek)
Not so long ago, Korea seemed to spare no effort in trying to bar the door to foreign companies. Now, with its economy in the doldrums and neighboring China attracting billions of dollars in foreign investment, Korea is putting out the welcome mat.

GM Europe Gets Traction (BusinessWeek)
There was a time when the execs at General Motors Corp. could expect nothing but trouble from their European operations. GM Europe piled up $3.9 billion in losses over the past five years, a result of lackluster styling, quality problems, and high labor costs.

Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).