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Oxfam
calls upon European Union to scrap farm subsidy on exports
New Delhi: Oxfam International has called upon
the European Union to scrap export subsidies granted under
its common agriculture policy, which it is feared will
have devastating impact on farmers in the Third World.
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Greenhorn
Heyer to head Coca-Cola
Atlanta: COCA-Cola on Wednesday named Steven J
Heyer, a relative newcomer to the company, as president
and chief operating officer in a move analysts said indicates
the soft-drink maker is embracing change.
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Bristol-Myers
doctored figures to lift net: Report
New York: Bristol-Myers Squibb repeatedly and inappropriately
massaged its finances in order to make its results match
analysts' earnings estimates, the Wall Street Journal
said on Thursday, citing interviews with more than a dozen
current and former executives.
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OPEC
agrees to cut oil output, lift quotas
Vienna: OPEC on Thursday agreed to cut excess oil
production and to restore its discredited system of quota
limits to help support high crude prices.
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US
Airways gets more time to file plan
Alexandria: A federal judge on Thursday extended
the deadline for US Airways Group to exclusively file
its bankruptcy reorganization plan to January 31, although
the ailing airline said it expects to do so sooner.
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French
police raid Vivendi HQ, Messier home
Paris: Police raided the Paris headquarters of
Vivendi Universal and the homes of its disgraced former
chief Jean-Marie Messier on Thursday as part of an investigation
into the media giant's accounts.
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US
retail sales rose 0.4 per cent in
November
New York: US consumers started the holiday shopping
season in a jollier mood than Wall Street expected, as
November retail sales rose on strong spending for home
furnishings and improvement supplies, the government said
on Thursday.
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H-P
signs five-year service deal with
Hughes
New York: Hewlett-Packard said on Thursday it signed
a five-year deal to provide technology and services to
Hughes Electronics Corp.'s DirecTV satellite TV service.
Terms of the pact were not disclosed.
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AOL
confirms it cut 300 jobs
New York: America Online on Wednesday confirmed
it cut about 300 jobs on Wednesday, beginning what is
expected to be a wave of layoffs as it trims costs and
tries to revive the embattled Internet AOL Time Warner
division.
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Hughes
may scrap two Internet initiatives - WSJ
New York: Hughes Electronics may scrap two Internet
initiatives it considers financially risky after the satellite-television
provider merger pact with a key rival fell through, the
Wall Street Journal reported in its online edition on
Thursday.
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