Vivendi's Messier set to resign
Paris: Jean-Marie Messier, who turned a French water utility into media behemoth Vivendi Universal, was on the verge of resignation on Monday amidst pressure from board members angered with the company's slumping fortunes, a French newspaper reported.
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WorldCom reviews 1999-2001 books
New York: WorldCom, the telecommunications company reeling from a multibillion dollar accounting scandal, said on Monday its audit committee is reviewing its financial records for 1999 through 2001.
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Lazard poaches Merrill bankers for Germany
Berlin: Investment bank Lazard on Monday hired two top bankers from rival Merrill Lynch to help run its German operations, adding to its muscle in continental Europe ahead of any revival in mergers and acquisitions.
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ExxonMobil to take stake in Chinese project
New York: US-based energy giant ExxonMobil will join a Royal Dutch/Shell Group-led consortium chosen to build a $5.6-billion natural gas pipeline across China, executives said on Monday.
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M&A deals in Asia drop in second quarter
Hong Kong: The volume of mergers and acquisition activity in Asia fell 14 per cent in the second quarter from a year ago, according to a report released on Monday.
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Air France, Alitalia pact: EU doubtful
Paris: The European Commission said on Monday the cooperation plans of European carriers Air France and Alitalia raised competition concerns and doubted an alliance could be approved in its current form.
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Belgium's SN Brussels in pact with Continental
New York: Belgian airline SN Brussels Airlines said on Monday that it had signed a commercial agreement with US peer Continental Airlines allowing both airlines to sell each other's tickets.
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Northrop poised to bag TRW in $7.56-billion deal
New York: Northrop Grumman Corporation is poised to announce its acquisition TRW for $7.56 billion in an all-stock deal that would make Northrop US' second-largest military contractor, The Wall Street Journal reported on Monday.
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Toyota says no plans to airlift steel to US
Tokyo: Toyota Motor, Japan's largest automaker, said on Monday it had no plans to take the costly step of airlifting sheet steel to the United States as it had enough supplies.
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Sony expects to post operating profit in Q1
Tokyo: Sony, the world's biggest audio visual manufacturer, said on Monday that it expected to post a group operating profit in the three months to 30 June 2002.
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China okays rules to boost foreign investment in aviation
Beijing: China has approved new rules aimed at boosting foreign investment in its aviation sector, including allowing bigger stakes in airlines and airports, the China News Service said on Monday.
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