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Vivendi woos oil tycoon to sell US show business
Paris:
Vivendi Universal is still in talks with Texas oilman, Marvin Davis over selling him its US show business assets, but has yet to get down to hard negotiations, sources close to the group said.
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UAE's Thuraya launches new service
Abu Dhabi:
UAE-based satellite telecom firm Thuraya, enjoying a subscription surge on the back of media interest in the Iraq crisis, on Monday launched a new service which it said will ease news reporting from remote areas.
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Age catches up: US pension funds lose $1trn in 3 yrs
California:
US retirement plans for public employees, corporate pensions and endowments lost $1 trillion in the last three years after being hammered by poor stock returns, a survey released on Friday said.
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domain - B : Indian business : News Review : 4 March 2003 : international business