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Toyota
to halve board for management efficiency
Tokyo: Toyota Motor, Japan's biggest car maker, looks
set to halve the size of its 58-member board to improve
management efficiency.
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HK
identifies deadly virus, shuts schools
Hong Kong: Scientists in Hong Kong said on Thursday
they had identified the virus behind a mystery pneumonia
that has killed more than 50 people world-wide as the
government ordered schools in the city to close.
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Prudential
to buy Hyundai units
New York: Prudential Financial Inc. said on Wednesday
it has agreed to buy an 80 per cent stake in Hyundai Group's
ailing money management operations for $400 million, as
the U.S. life insurer strengthens its foothold in South
Korea.
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Iraq
rebuilding contracts to go to US firms
Washington: The U.S. Agency for International Development
on Wednesday said that post-war reconstruction contracts
for Iraq totaling $1.9 billion will go to yet-undetermined
American firms.
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Enron
execs charged in broadband fraud
New York: A federal grand jury on Wednesday indicted
two fired Enron Corp. executives for fraud for allegedly
creating $111 million in fake revenue from a ballyhooed
Internet video-on-demand venture that failed from the
start.
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European
airlines making emergency cuts
Doha: Europe's already battered airlines are reducing
service to the Middle East and flight schedules overall
in an attempt to weather a drop in passengers due to war
in Iraq. Even so, industry observers say the big European
carriers generally are in better shape to face the fallout
than their US counterparts.
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WorldCom
posts net profit in January, sales fall
New York: WorldCom Inc., the bankrupt long-distance
telephone and data servicescompany, on Wednesday reported
a net profit in January even as sales fell from the previous
month.
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