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...
Archive - January 2007
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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...
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...
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 millions of...
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 the...
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...
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,...
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...
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...
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,...
The world's largest maker of software to track corporate databases, Business Objects SA's shares record the upsurge on the speculation of taken over the French giant.
In Paris, the shares climbed 1.24 euros, or 4.4 percent, to close at 29.35 euros,...
Chevron Corp. found more than 85 meters oil in Lucapa-1 on the coast of Angola.
San Ramon, of Chevron Corp said;
Well drilled in waters of 1,201 meters to a depth of 3,340 meters and the output tested at commercial rates and further drilling will...
Europe's largest oil refiner Total SA has resumed talks with OAO Gazprom over the development of Russia's largest unexploited natural gas deposit.
Chairman and CEO of Total E&P Indonesiea Thierry Desmarest said;
We've already had a lot of...
Halliburton Co., the world's second- largest energy-services provider, quarterly income decline 40 percent, as the absence of a year-earlier tax gain.
The Houston-based company was expecting dip but out slashed the Wall Street expectations with 64...
Belgian billionaire Albert Frere's brought a 5.05 percent stake in Pernod Ricard SA, the world's second-largest liquor maker.
Frere's Groupe Bruxelles Lambert SA holds 5.5 million Pernod shares worth $1.2 billion and became second biggest...
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