Fast Daewoo News

Gunmen kidnapped up to 20 foreign workers including an Australian in three attacks in Nigeria's oil-producing Niger Delta region, but some were released within hours after a mix-up, authorities and militants say.

Masked Nigerian militants arrive at their camp in April 2007. Armed men have abducted at least 18 foreigners in three separate incidents in southern Nigeria, in the latest spate of violence to hit Africa's biggest oil producer.

PORT HARCOURT, Nigeria -- At least 21 workers - most of them foreigners - were kidnapped Thursday in separate attacks in Nigeria's oil-rice delta region that left a Nigerian soldier dead, officials and witnesses said. Eight foreigners and a Nigerian driver were later freed.

Three Korean employees of Daewoo Construction Co. have been kidnapped in Nigeria. Kidnappings of Korean workers in the nation have taken place before in which all were released in June 2006 and January 2007.

The U.S. International Trade Commission said Toshiba has requested that it bar the import and sale of the DVD players. The ITC is an independent federal agency that performs economic research on trade agreements and investigates unfair trade practices.

A federal agency said Thursday it will investigate a complaint by Japanese electronics firm Toshiba Corp. and its American subsidiary that 17 manufacturers in the United States and China are infringing its patents on certain DVD players and recorders.

Masked Nigerian militants arrive at their camp in April 2007. Armed men have abducted at least 18 foreigners in three separate incidents in southern Nigeria, in the latest spate of violence to hit Africa's biggest oil producer.

At least 21 workers _ most of them foreigners _ were kidnapped Thursday in separate attacks in Nigeria's oil-rice delta region that left a Nigerian soldier dead, officials and witnesses said. Eight foreigners and a Nigerian driver were later freed.

Gunmen kidnapped 20 foreign workers in three attacks in Nigeria's oil-producing Niger Delta region but eight were freed within hours after a mix-up, authorities and militants said on Thursday.

At least 21 workers _ most of them foreigners _ were kidnapped Thursday in separate attacks in Nigeria's oil-rice delta region, officials and witnesses said. Eight foreigners and a Nigerian were later freed.

Four Filipinos working for the US government in Baghdad, the capital of Iraq, were killed by a rocket attack on Baghdad’s heavily fortified Green Zone.

Gunmen kidnapped up to 20 foreign workers in three attacks in Nigeria's oil-producing Niger Delta region but some were released within hours after a mix-up, authorities and militants said on Thursday.

At least 21 workers _ most of them foreigners _ were kidnapped Thursday in separate attacks in Nigeria's oil-rice delta region, officials and witnesses said.

(adds details from Eni in 5th and 6th paragraphs)

Foreigners seized aboard oil vessel, in bar and at construction site.

(adds details from Eni in 5th and 6th paragraphs)

Nigerian masked militants hold their guns as they arrive at their camp in April 2007. Armed men abducted at least 12 foreigners in three separate incidents overnight in southern Nigeria in the latest spate of violence to hit Africa's biggest oil producer.

MILAN (Thomson Financial) - Nigerian militants kidnapped three South Korean and eight Filipino workers after a gunfight at their construction site, the South Korean foreign ministry and Nigerian police sources said.

_ Twelve people, including three South Korean workers, were kidnapped by unidentified insurgents at a power plant construction site in Nigeria on Thursday, the Foreign Affairs and Trade Ministry said.

After committing billions of rupees in the overseas market, Tata Group is going on a growth overdrive in the domestic market, earmarking Rs 1.2 lakh crore for investments in the next 7-8 years.

NEW YORK (MarketWatch) -- Crude-oil futures rose early Thursday as news of fresh violence at oil installations in Nigeria offset some of the pressure from a U.S. supply report that showed a second weekly rise in crude inventories.

MANILA - The Philippine government will maintain a ban on sending any more Filipinos to work in Nigeria following the latest kidnapping of eight nationals, the department of foreign affairs in Manila said on Thursday.

Armed men have abducted at least twelve foreigners in three separate incidents overnight in southern Nigeria.

MANILA, Philippines -- Eight Filipino and three Korean workers were abducted from the campsite of a Daewoo-operated power plant in Port Harcourt, Nigeria, around 1:40 a.m. Thursday Nigeria time (7:40 a.m. Philippine time), the Department of Foreign Affairs (DFA) said.

Source: Reuters By Tom Ashby LAGOS, May 3 (Reuters) - Unidentified gunmen have kidnapped 18 foreign workers in three attacks in Nigeria's oil-producing Niger Delta region, authorities said on Thursday. Three ...

Unidentified gunmen have kidnapped 18 foreign workers in three attacks in Nigeria's oil-producing Niger Delta region, authorities said on Thursday.

PORT HARCOURT, Nigeria - Gunmen kidnapped at least 18 people in less than 24 hours in three attacks, seizing people from an offshore oil vessel, a power plant construction site and a bar, officials and...

The kidnappings bring the total number of foreigners abducted in the turbulent oil region surrounding the Niger river delta so far this year to at least 92, surpassing the figure for all last year.

"Three Koreans from Daewoo Engineering and Construction, eight Philippine workers and a local driver have been kidnapped by a group of armed insurgents," a foreign ministry spokesman said.

Armed men have kidnapped at least 18 people in three separate attacks in Nigeria, officials say.

Gunmen kidnapped at least 18 people in less than 24 hours in three attacks in Nigeria — seizing people from an offshore oil vessel, a power plant construction site and a bar, officials and witnesses said. At least one police officer was injured.

The kidnappings bring the total number of foreigners abducted in the turbulent oil region surrounding the Niger river delta so far this year to at least 92, surpassing the figure for all last year.

Three South Korean and eight Filipino workers have been kidnapped after a gun battle at a Nigerian power plant construction site, a South Korean foreign ministry official and company officials said on Thursday.

SEOUL: Nigerian militants Thursday kidnapped three South Korean executives, eight Filipino workers and a local driver after a gunfight at their construction site, the South Korean foreign ministry said.

PORT HARCOURT, Nigeria (AP) - Gunmen kidnapped at least 17 people early Thursday in attacks on an offshore oil vessel and a South Korean company's power plant construction site in Nigeria, officials said. At least one police officer was injured.

Seoul - A group of 12 workers, including three South Koreans, were kidnapped by unidentified militants at a construction site in Nigeria Thursday, the Foreign Ministry in Seoul said. The workers were attacked overnight and taken following a 40-minute ...

Up to 17 foreign workers in Nigeria's oil industry were kidnapped by gunmen in one day, including up to six from an offshore platform.

A group of South Korean and Filipino workers was also taken hostage from a power plant construction site after a gun battle. A South Korean foreign ministry official and company officials said three Koreans and eight Filipinos were taken at the site near Port Harcourt in the Niger Delta.

A group of armed militants have kidnapped seventeen workers, including three South Koreans and eight Filipinos, from a construction site in the Niger Delta.

Up to 17 foreign workers in Nigeria's oil industry were kidnapped by gunmen on Thursday, including up to six from an offshore platform.

SEOUL - A group of 12 workers, including three South Koreans and eight Filipinos, were kidnapped on Thursday by armed militants in Nigeria, said the South Korean foreign ministry.

At least 16 foreign workers were kidnapped early Thursday in two separate incidents in Nigeria's oil-rich southern delta region.

Masked militants hold their guns as they arrive at their camp, 13 April 2007, in Nigeria. A group of 12 workers, including three South Koreans and eight Filipinos, were kidnapped Thursday by armed militants in Nigeria, according to the South Korean foreign ministry.

At least five foreign workers were kidnapped from an offshore oil vessel in southern Nigeria, an official said, bringing the total kidnapped Thursday to at least 17.

New Rypos Hybrid Diesel Particulate Filter far exceeds latest California Air Resources Board (CARB) Verification Standards on NO2 by cutting this toxic gas by 96%. In stark contrast, competing diesel particulate filters typically increase nitrogen dioxide or NO2 -- a reactive gas that can cause illness. Rypos is headquartered in Holliston, MA. (PRWeb May 3, 2007) Post Comment:Trackback URL: ...

SEOUL (Reuters) - A group of South Korean and Filipino workers have been kidnapped in Nigeria at a power plant construction site, a South Korean foreign ministry official and company officials said on Thursday.

At least 16 foreign workers were kidnapped early today in two separate incidents in Nigeria's oil-rich southern delta region.

New Rypos Hybrid Diesel Particulate Filter far exceeds latest California Air Resources Board (CARB) Verification Standards on NO2 by cutting this toxic gas by 96%. In stark contrast, competing diesel particulate filters typically increase nitrogen dioxide or NO2 -- a reactive gas that can cause illness. Rypos is headquartered in Holliston, MA.

An unidentified armed group kidnapped 12 workers — eight Filipinos, three South Koreans and a Nigerian — at a South Korean company's power plant construction site in Nigeria on Thursday, the company said.

An unidentified armed group kidnapped 12 workers -- eight Filipinos, three South Koreans and a Nigerian -- at a South Korean company's power plant construction site in Nigeria on Thursday, the company said.

(RTTNews) - In yet another case of kidnapping of foreigners working in Nigeria's oil-rich Niger Delta, 12 workers, 11 of them foreigners, have been kidnapped from a construction site, according to a South Korean firm.

SEOUL - A group of 12 workers, including eight Filipinos and three South Koreans were kidnapped Thursday by armed militants in Nigeria, the South Korean foreign ministry said.

An unidentified armed group kidnapped 12 workers — eight Filipinos, three South Koreans and a Nigerian — at a South Korean company's power plant construction site in Nigeria on Thursday, the company said.

Three South Korean and eight Filipino workers have been kidnapped in Nigeria after a gun battle at a power plant construction site.

Eleven foreigners and a Nigerian are abducted in Nigeria's Niger Delta region, South Korean sources say.

Three South Koreans and several other foreign workers have been kidnapped in Nigeria, a South Korean foreign ministry official said. Officials from Daewoo Engineering & Construction confirmed three of its South Korean workers in Nigeria had been abducted.

The kidnapping took place near Port Harcourt in the Niger Delta between 0000 and 0100 GMT, officials said.

Eight Filipinos and three South Koreans are abducted in Nigeria's Niger Delta region, reports say.

Three South Koreans and several other foreign workers have been kidnapped in Nigeria, a South Korean foreign ministry official said. Officials from Daewoo Engineering & Construction confirmed three of its South Korean workers in Nigeria had been abducted.

A group of 11 workers, including three South Koreans, working for South Korea's Daewoo Engineering and Construction Co. (KSE:047040) have been kidnapped by a group of unidentified insurgents in Nigeria, the Foreign Ministry said Thursday.

Source: Reuters (Adds details) SEOUL, May 3 (Reuters) - Three South Korean and eight Filipino workers have been kidnapped in Nigeria at a power plant construction site, a South Korean foreign ministry official and ...

Three South Korean and eight Filipino workers have been kidnapped in Nigeria at a power plant construction site, a South Korean foreign ministry official and company officials said on Thursday.

Three South Koreans and several other foreign workers have been kidnapped in Nigeria, a South Korean foreign ministry official said on Thursday.

NEW DELHI: Daewoo International Corporation has sent a team of legal experts and senior company executives to explain to the Myanmar government the legal challenges to Yangon's decision to unilaterally commit to China all gas from two undersea acreages — in which two indian state-owned companies have equity — being developed by the South Korean major.

Indian government officials see the Daewoo move more as a salvage operation aimed at securing a fair price for the gas and pipeline contracts.

(GM 32.16 +0.86) is turning in the next best performance, climbing 2.8% as its Daewoo division posting a strong 31% rise in April sales gives shareholders hope that GM's earnings report tomorrow morning will check in better than expected.

(GM 32.16 +0.86) is turning in the next best performance, climbing 2.8% as its Daewoo division posting a strong 31% rise in April sales gives shareholders hope that GM's earnings report tomorrow morning will check in better than expected.

A Bulgarian military investigator, who was involved in a hit and run is now being sued in the country's second city of Plovdiv. The young investigator hit a Mercedes with his Daewoo but sped away instead of sticking around to help.

A BANNED driver took his mate's car for a spin while his friend was still in bed.

Zoran Corp.

MANILA, Philippines -- The Department of Foreign Affairs (DFA) has recommended the “immediate total” lifting of the deployment ban on overseas Filipino workers (OFWs) to Nigeria.

SINGAPORE, May 2 (Reuters) - SembCorp Marine, the world's second-largest builder of offshore oil drilling rigs, posted a 81 percent surge in first-quarter net profit, thanks to robust demand for oil exploration vessels.

SEOUL, May 2 (Reuters) - South Korean house prices in April rose at their slowest annual rate in five months, backing the government's view that the country's housing market has probably passed its peak.

2007-05-02 08:41:24 Continental AG Q1 EBIT up 24 pct as sales in Asia and Europe improve

Continental AG Q1 EBIT up 24 pct as sales in Asia and Europe improve HANOVER, Germany (Thomson Financial) - Continental AG said its first quarter EBIT rose to 436.8 mln eur, up 24 pct from 352.4 mln in the same period last year and ahead of the consensus figure of 379.6 mln as car production in Asia and Europe grew.

SEOUL, May 2 (Reuters) - Hyundai Motor Co. , South Korea's top automaker, posted a fourth straight drop in quarterly operating profit on weak vehicle sales, though its shares rose nearly 4 percent as the results were not as bad as expected.

SEOUL, May 2 Asia Pulse - South Korea's five automakers, led by Hyundai Motor Co. (KSE:005380), posted a 14.1 per cent increase in sales in April on Wednesday, driven by strong demand both at home and abroad.

May 2 (Bloomberg) -- Hyundai Motor Co., South Korea's biggest automaker, posted an unexpected 10 percent drop in first- quarter profit, the fifth straight decline, as a stronger won compounded a slump in vehicle sales.

Transport GM Daewoo Auto & Technology Co., South Korea's third-largest automaker, said Wednesday its sales rose 30.8 per cent last month from a year ago as it sold more cars overseas.

May 2 (Bloomberg) -- Hyundai Motor Co., South Korea's biggest automaker, posted an unexpected 10 percent fall in first- quarter profit, the fifth straight decline, as a stronger won compounded a slump in sales of Sonata sedans and other models.

SEOUL, May 2 Asia Pulse - GM Daewoo Auto & Technology Co., South Korea's third-largest automaker, said Wednesday its sales rose 30.8 per cent last month from a year ago as it sold more cars overseas.

SEOUL -(Dow Jones)- GM Daewoo Auto & Technology Co., a South Korean unit of General Motors Corp. (GM), said Wednesday its sales in April rose 31% on year to 87,275 units, buoyed by increasing overseas demand and steady local sales.

The automaker sold 12,038 cars in the domestic market last month, up 25.2 pct year-on-year, on the back of firmer sales of its Matiz and Winstorm models. Exports meanwhile grew 31.7 pct to 75,237.

SEOUL, May 2 (Reuters) - South Korean government bond prices edged up early on Wednesday, reflecting overall stronger U.S. debt, although looming monetary stabilisation bond auctions kept a cap on prices.

Bangladesh has said it is willing to negotiate with India on the transit of gas from Myanmar to India, giving a renewed boost to the stalled pipeline.

Chairman Chung Mong-koo puts thoughts of jail behind him as he tours Hyundai-Kia's new central European manufacturing powerhouse. Mark Bursa reports