United begins to trim wage bill, benefits
Chicago: UAL’s United Airlines, which filed for Chapter 11 bankruptcy protection two weeks ago, was expected to file a court motion that would launch labour-management negotiations that could determine the company’s
fate, the Washington Post said.
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GE Cap bids for Softbank's stake in Japanese bank
New York: GE Capital, the financing arm of General Electric, has launched a bid to buy a nearly 50% stake in Japan’s Aozora Bank from leading shareholder Softbank, a newspaper said on Thursday.
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DoCoMo, AT&T to launch 3G service in US
Tokyo: NTT DoCoMo, Japan's dominant mobile phone company, said on Thursday it will begin offering third-generation (3G) wireless data services in four US cities with AT&T Wireless Services by December 2004.
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Ribapharm-ICN battle grows acriminious
New York: Ribapharm responded angrily on Thursday to moves by its majority shareholder, ICN Pharmaceuticals, to remove Ribapharm's board and restrict its ability to make big corporate decisions.
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GM launches Buick Regal in China
Beijing: General Motors has revamped its mid-size sedan for the booming China market, launching the Buick Regal car on Thursday in the world's fastest growing auto market.
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Enron inquiry broadened, report says
Washington: Broadening the inquiry into Enron's collapse, federal
investigators are now looking at whether the company misled investors about the value of hard assets like pipelines and power plants.
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