Air NZ, Qantas intensify merger bid
Wellington: Air New Zealand and Australia's Qantas Airways launched a bid to persuade competition authorities to back their proposed alliance on Monday, with a report forecasting more than NZ$1bn ($500m) of benefits for each country despite higher air fares.
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Australia tightens bankruptcy regulations
Canberra: Australia's parliament has passed bankruptcy laws to crack down on people using bankruptcy as a way to avoid paying debts, the government said on Tuesday.
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DoCoMo unveils new handsets to recharge flagging 3G
Tokyo: Japan's NTT DoCoMo rolled out third-generation (3G) mobile phones on Tuesday with a much longer battery life and promised more improvements next year as it struggles to recharge the flagging high-speed service.
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Palm strikes software deal with China's Legend
Tokyo: PalmSource, the software unit of top handheld computer maker Palm, said on Tuesday it will licence its products to China's biggest PC firm, Legend Group, boosting its foray into the vast China market.
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Donaldson is new US SEC chairman
Washington: President Bush chose William H Donaldson to head the Securities and Exchange Commission, saying that the former investment banker believed that American corporations should follow the highest standards of integrity.
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Movie seen opening up America to Tintin
New York: Getting Steven Spielberg to make a Tintin movie could help the cartoon win more fans in the United States, where their numbers are small enough to throw the boy reporter's friend Captain Haddock into one of his tantrums.
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Federal Reserve seen keeping interest rates steady
Washington: The US Federal Reserve, set to hold its final policymaking session this year on Tuesday, was expected to keep interest rates steady after last month's surprisingly bold half-percentage-point cut. [ 8:00:28 PM Tuesday, December 10, 2002, REUTERS ]
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WorldCom CEO to get salary, bonus, stock
New York: WorldCom, the telephone company that filed for bankruptcy with $41 billion in debt, said it planned to pay its new chairman and chief executive officer as much as $5 million in salary and bonuses, as well as restricted stock in the reorganised company.
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META predicts Microsoft will offer Linux software
Seatle: In a major strategy shift, Microsoft will introduce software based on the Linux open source operating system in 2004 for Web services and server software, market researcher META Group predicted on Monday.
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