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Archive - January 2007

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Rahul Bhandari | Jan 31 2007
b a london
British Airways cut-prices of its half of million tickets, to back in the business after strikes by cabin crew staff were called off. People booking before February 6 will be able to take advantage of fares reduced by up to 68 per cent to 48...
Rahul Bhandari | Jan 31 2007
powertel
Telecom New Zealand has reached an agreement to acquire 100 percent stakes in Australia's PowerTel Ltd for A$357 million (US$276 million), orA$2.30 per share in cash, to strengthen its presence in Australia. PowerTel's board has approved...
Rahul Bhandari | Jan 31 2007
tata
Indian giant Tata steel has won the battle to take over the Anglo-Dutch steelmaker Corus from the Brazilian rival CSN for $11.3 billion and successfully build up world's fifth-largest steel group. The Indian company won at night long auction...
Rahul Bhandari | Jan 31 2007
lofo
The Financial Services Authority (FSA) fined GE Capital with a £610,000 and may be forced to pay compensation to its customers for selling Payment Protection Insurance (PPI) inappropriately. GE sells some 850,000 PPI policies a year and has millio
Rahul Bhandari | Jan 30 2007
egg
Citigroup, the world's largest financial services organization, all set to buy the internet bank Egg from Prudential for £575m, a year after the insurer took 100 percent stakes in the business. The sale price is almost 40 percent less than
Rahul Bhandari | Jan 30 2007
shoking
United States Steel Corp. reported that quarterly profit surged partly on higher prices and sales, but expected the first-quarter results will decline versus the fourth quarter. Following the news, U.S. Steel shares were up 62 cents in after-hours...
Rahul Bhandari | Jan 29 2007
airways
British Airways bosses will resume last minute talks to avoid the 48-hour strike by thousands of British Airways cabin crewmembers' union. The union comprises about 11,000 of the airline's 14,000 cabin crewmembers. Keeping the customers in mind,..
Balendu | Jan 29 2007
vodafone shop
Vodafone has intensified its activities in the run up to acquire a majority stake in Hutchison Essar. Vodafone has recently was involved in talks with SingTel for the sale of its 10 percent stakes in Bharti Airtel in India. According to the...
Rahul Bhandari | Jan 29 2007
chocolate
Lotte Confectionery Co. of South Korea and the U.S. candy maker, Hershey Co., signed an $80 million venture to sell its products in China. In the venture, both company will distribute each others' product. Lotte Confectionery will distribute...
Bhagaban Sahu | Jan 27 2007
microsoft profit falls
Microsoft has suffered a massive fall in profit due to delay in the launch of its two hyped products, Windows Vista Operating System and Office 2007. According to BBC, Microsoft's profit has been dropped by 28 percent during the second quarter,...

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