United Airlines, Lufthansa sign code-share deal
United Airlines and Lufthansa German Airlines, have entered into a code-share agreement on Lufthansas daily Frankfurt-Delhi services.

This is in addition to the existing code-share arrangement the two airlines have, on Lufthansa operated daily flights to/from Mumbai as also the three-times-a-week flights each to and from Chennai and Bangalore.
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Fiat may split brands
Investment bank Mediobanca, one of Fiats financial partners, has a plan to split the brands within the industrial groups struggling car division and forge alliances with other auto-makers.

Nerio Nesi, a former chairman of the industry commission of the lower house of Parliament, said he was "aware of the (Mediobanca) plan" and that it foresees "an accord between Lancia and Peugeot," which would open the way for "a large agreement for the rest of Fiat Auto with General Motors Corp unit Opel".
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Boeing to merge space, defence units
Boeing Co. is merging its space, military, government and intelligence units into a single, $23-billion-a-year business to make its operations more efficient and land more defence contracts.

Chairman and CEO Phil Condit said the realignment, announced yesterday, is a strategic shift reflecting the trend toward more integrated defence systems. He said it will have no effect on jobs or Boeings money-generating business, commercial airplanes.
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U.S.Senate clears 10-yr jail term for corporate fraud
Republicans and Democrats in the US Senate, while debating an accounting reform bill, united to pass amendments to create a new crime of securities fraud and raising to up to 10 years the jail time for existing corporate crimes.
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Kodak expexts earnings above estimates
Eastman Kodak, the world's top maker of photographic film, on Thursday said its second-quarter earnings would be higher than estimated, though still below a year ago, as its wrenching restructuring efforts pay off sooner than expected.

Kodak, which has cut thousands of jobs in an effort to combat stiff competition and tepid demand for its main-line photography products, said it expects to earn 97 cents per share in the second quarter.
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