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Airfare
wars in US seen only after holiday season
Chicago: Travellers looking for airfare deals after
United Airlines' bankruptcy filing may have to wait until
after the holiday travel season for the fare wars to kick
in, industry experts said on Tuesday.
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Global
economy could
slip back into
recession, fears World Bank
Washington: The World Bank has warned that after
the "exceptionally slow growth" in the last
two years, there is significant risk that the world could
slip back into recession.
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Citibank
eyes China share market, sas Questions about participation
New York: Citibank is keen to become a player in
China’s domestic share sector, but the top US bank
has plenty of questions about the mechanics of participating
in the $500 billion market.
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Ford
board will look at CEO deal
Detroit: FORD Motor's board of directors will review
a complaint over a sweetheart stock deal currently worth
more than $8m to chairman and chief executive Bill Ford
Jr, sources familiar with the situation said on Tuesday.
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Fiat
chairman won't quit now
Milan: The chairman of Fiat announced on Wednesday
he planned to resign next year but vowed to resist pressure
to quit now and accused Italy's government of running
a campaign to lynch him.
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Pam
Anderson, Tommy Lee win judgment on sex video
Los Vegas: A judge has awarded former "Baywatch"
star Pam Anderson and her ex-husband, rocker Tommy Lee,
$740,000 each in their long-running court fight against
a porn company over a notorious videotape of them having
sex.
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China's
booming economy drives world oil demand
Beijing: China, Asia's fastest expanding economy,
will spearhead growth in oil demand this year, soaking
up 80 per cent of the global increase in consumption,
the International Energy Agency said on Wednesday.
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EU
unveils new rules on merger investigations
Brussels: The European Union head office unveiled
reforms today designed to make it easier for companies
to defend mergers in Europe.
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Sony
Ericsson again delays launch of camera phone
Tokyo: Struggling Swedish-Japanese mobile phone
maker Sony Ericsson said on Wednesday it would start offering
its flagship P800 camera mobile phone in only three countries
next week, again delaying a mass-market launch.
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Aetna
cutting 690 jobs, taking charge
New York: Aetna, the nation's No. 2 health insurer,
on Wednesday said it will cut 690 jobs, or nearly 2.5
per cent of its work force, and take a $30 million charge
in the fourth quarter as it seeks to bring down costs
amid a decline in membership.
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