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Pledge to invest in car companies

Bosses of the Indian car firm Tata Motors have said the company will not shy away from making major investments in Jaguar and Land Rover.

Tata bought the two businesses from Ford last month in a �1.7bn deal. Land Rover remains profitable but Ford has never made money from Jaguar.

Tata managing director, Ravi Kant, said it was in for the "long haul" and would do "whatever would be required".

The firm said changes would be made if existing business plans did not work.

'Lot of feedback'

Jaguar and Land Rover employ about 16,000 staff at UK plants in the West Midlands and Merseyside.

In the exclusive interview with the BBC, Mr Kant told Midlands transport correspondent Peter Plisner that his company would continue to invest in new models.

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/CORRECTION -- American Capital, Ltd./

American Capital, including is global fund management business, has approximately $21 billion in capital resources under management(1) in over 290 portfolio companies. American Capital has invested directly and through its global asset management business approximately $8.2 billion in the last twelve months, $4.9 billion year to date and $20 million quarter to date. Not including funds under management, American Capital has invested approximately $4.4 billion in the last twelve months, $1.8 billion year to date and $20 million quarter to date. American Capital assisted in the syndication of approximately $1.3 billion of senior debt for its portfolio companies in the last twelve months and over $300 million year to date. For more information about American Capital's portfolio, go to http://www.americancapital.com/our_portfolio/our_portfolio.html . more

News focus: Last supper at the Oriental City

Some 40 businesses have just days to vacate the building before it is demolished and work begins on the 28-storey block of luxury flats, school and shops which will replace them.

B&S Property, which bought the site in December, promises there will be room for traders to return when building work is complete.

But this is at least three years away. For now, many are left struggling to make ends meet.

"We have no relocation plan," Mrs Tomita adds. "I will take a little break, then I need to find somewhere for this business. I have no idea what to do."

The retail centre first opened 14 years ago as Yohan Plaza, under Japanese ownership, but went bankrupt after four years. Soon after, it became the Oriental City known today, eventually welcoming between 8,000 and 10,000 visitors every week. more

Knocking Town Center

"The Town Center has hurt the businesses that were already existing in this area. Four businesses have gone out in the last couple of months," said Miller.

Miller said that for some time now he has been using his savings to keep the business running but can no longer afford the increasing utility bills, rent and other business expenses. Rockville Art and Frame, though, is not the only business in trouble in downtown Rockville. Hair Inc., located by the Rockville Post Office, went out of business this past month.

Peggy Carr of Sir Speedy, a copying and printing service on North Washington Street in downtown Rockville, agrees with Miller. "I'd say there's no question" that the town center is affecting established business, Carr said. "I think the decision to allow 25 or however many restaurants to go in was not smart ... more

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