A $15bn contract for US Air Force rescue helicopters won by Boeing has now came under the threat of as a US government watchdog body has asked to reopen the bid. The Government Accountability Office has suggested Air Force in a nonbinding decision...
Archive - February 2007
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Chrysler Group of DaimlerChrysler AG has now decided to offer select hourly employees between $70,000 and $100,000 to leave the struggling U.S. auto maker as part of a recently announced restructuring plan. Chrysler is expected to begin offering...
Airbus, stained in trouble, is preparing to announce up to 10,000 job cuts at key operating sites across Europe. Workers in France and Germany are likely to be affected most with this prospective job cuts, in addition to it around 1,500 job losses...
Apax Partners and Morgan Stanley's chief investment unit has agreed to acquire Chicago insurance brokerage Hub International Ltd. for around $1.7 billion. The decision was revealed by Hub recently that also marked the fact that yet another...
Defence firm European Aeronautic Defence & Space Co. has finally approved a long and eagerly awaited restructuring plan for its Airbus subsidiary, which will be resulted in thousands of job cuts. On the other hand, investors hope to find out by...
DaimlerChrysler is reportedly contemplating a potential deal with General Motors, which would involve swapping its money-losing Chrysler unit for a minority stake in its long-time rival. The Stuttgart-based German-American carmaker is weighing this...
The UK government has launched an unprecedented inquiry into whether the influence of Rupert Murdoch's pay-TV empire in Britain is against the public interest. The decision, the first of its kind under legislation passed in 2002, was hailed as...
Intel Corp. is planning to invest something between $1 billion and $1.5 billion to upgrade its chip factory in New Mexico. The company is also increasing a bet on a new manufacturing technology that could aid the company's battle with Advanced...
Microsoft Corp. has recently announced that it will buy Medstory Inc., a California-based start-up company that develops Web search technology for medical information. Microsoft has taken this decision to buy a small consumer health Web-search...
Japan's Toyota Motor Corp., seriously concerned to increase manufacturing capacity in North America to ward off any potential trade concerns, is likely to choose Tupelo, Miss., as the site for the eighth North American assembly plant. However, it...
The decision of TXU Corp.'s to whittle down plans to build 11 coal-fired power plants to accomplish acquisition process smoothly has clearly indicated that utilities can no longer afford to ignore serious questions related to environment. In the...
The U.S. Food and Drug Administration seem to be all set finally to exercise control over the tobacco industry in case if a reintroduced bill passes through Congress. The battle of conflicting interests in the tobacco industry has once again...
TXU, the leading energy provider in Texas, has reportedly tentatively agreed to a $45 billion buyout that would not only be the largest private-equity deal in history. The deal would also feature an interesting twist in the story; the buyers have...
The recent ruling that fined Microsoft for violating MP3 patents belonging to Alcatel-Lucent could have widespread serious implications on the industry. Now the entire digital music industry is uncomfortably maintaining an uneasy calm as experts...
The prospective acquirers of TXU Corp. have pledged to cancel proposals to build eight of 11 controversial coal-fired power plants in Texas, in case if they gain control of the company. The move is especially designed to neutralize one of the biggest...
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