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Hyundai in wage deal with workers
Seoul: South Korea's largest automaker, Hyundai, said on
Tuesday the company had reached an agreement with the union on wages
and bonuses, averting a planned full strike.
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Vivendi
may sell tech unit to clear debt
New York: Vivendi Universal SA is likely to put its Canal Plus
Technologies unit up for sale shortly, according to industry players,
in a deal that could raise over 500m euros ($474.4m) to help the
French-US media and utilities company pay off debt, The Wall Street
Journal reported on its website.
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Coca-Cola,
Danone in water partnership in US
New York: Soft drink giant Coca-Cola Co on Tuesday unveiled a
joint venture with Groupe Danone to market and distribute the French
food company's bottled spring and source waters in the United States,
the latest volley in a fierce battle for control of the $3.53 billion
US bottled water market.
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Aventis
expects 7 new drugs by 2006
New York: Aventis SA expects to have seven blockbuster
medicines in its portfolio by 2006 that would underscore its position
as one of the world's fastest-growing pharmaceutical companies.
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BA
cuts fares to take on no-frills rivals
London: British Airways Plc struck back against its 'no-frills'
rivals on Tuesday, copying their price-cutting strategy on a third of
its European routes while maintaining the services of a full-cost
airline such as free food.
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US
auto part companies oppose steel tariffs
New York: Leading US automotive parts suppliers have told the
Bush administration that its tariffs on imported steel are unleashing
price hikes and supply-side shortages that threaten to have a
devastating impact on the US auto industry.
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From
death bed, Enron perked up execs
New York: Former energy giant Enron Corp reported on Tuesday it
paid senior executives more than $744 million in cash and stock in the
year up to its bankruptcy filing on December 2, the biggest in US
history.
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Suzuki
close to taking Daewoo stake
Tokyo: Japanese minivehicle maker Suzuki Motor is in final
stages of talks to take a stake in a new firm that will take over
operations from South Korea's failed Daewoo Motor, an industry source
said on Wednesday.
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