Murdoch close to $6.8bn Hughes stake buy
London: Rupert Murdoch is poised to finally crack the US satellite television market with a deal to acquire a controlling stake in Hughes Electronics and its industry-leading DirecTV business for about $6.8bn, according to people close to the situation.
Back to News Review index page  

Big Mac to cut spend by $700m, open fewer stores
New York: McDonald's, the world's largest restaurant company, said it will trim some $700m from its planned '03 budget for restaurant refurbishments and store openings, sending its shares up 8.6 percent.
Back to News Review index page  

Court rules Visa, MasterCard hid fees
California: Credit card giants MasterCard and Visa must pay millions of dollars in refunds to customers after the firms failed to properly disclose currency exchange fees, a California court ruled on Tuesday.
Back to News Review index page  

Qantas to axe 1,000 staff, cut jobs
Sydney: Australia's biggest airline, Qantas Airways Ltd, said on Wednesday it will lay off 1,000 staff, about three percent of its workforce, as the war in Iraq, the deadly SARS virus and general weak economic conditions bite.
Back to News Review index page  

TiVo launches home media networking service
New York: Tivo Inc. on Tuesday launched a service to make its system a hub for home entertainment, allowing users to not only record TV programs, but access digital music and photos from their personal computers.
Back to News Review index page  

LG Philips to start making handset screens in H2
Tokyo: LG Philips LCD, the world's largest maker of liquid crystal displays (LCDs), said on Wednesday it would begin making small and mid-sized screens in the second half of this year for cellphones and other devices. LG Philips is a 50-50 venture between LG Electronics and Philips Electronics.
Back to News Review index page