Qatar Airways ordered Airbus for another 20, A350 career and become the Airbus’s largest customer for the wide-body jet with a total order of 80 planes worth $16 billion. The Qatar Airways total agreement for the plane is 20 A350-800s, 40...
Archive - May 2007
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Jolted with the increasing oil prices, U.S. auto sales are expected to have plunged in May. U.S. vehicle sales are expected to come down to 15.9 million to 16 million vehicles in the month, compare to the year earlier 16.2 million units.
US...
The real estate unit of Morgan Stanley has capped up a month of big real estate investments - worth about $12.5 billion - by agreeing to buy Australia's Investa Property Group. Morgan Stanley Real Estate has made an offer of $3.8 billion (A$4.7...
California based web-based calling company, Jajah, announced the investment of T-Online Venture Fund. The fund is fully managed by T-Venture Holding GmbH, the corporate venture capital entity of Deutsche Telekom AG (DT). T-Venture's fund is part of...
Motorola Inc., the world's second-biggest mobile phone maker, which is battling for its income, set to reduce its workforce 11 percent by trimming 4,000 jobs.
By a job cut Schaumburg, Illinois-based Motorola, expect $600 million in annual cost...
Pulte Homes, the nation's second-largest homebuilder, plans to reduce its work force by 16 percent.
The recent cut is a part of its restructured plan, which will mostly regulate in this quarter. By implementing proposed modernizing plan, Pulte...
San Francisco-based engineering and construction company URS Corp. is buying rival Washington Group International for $2.6 billion.
In the transaction, Washington Group shareholders will get $43.80 in cash and 0.772 shares of URS stock for each...
Ford Motor Co. once the market leader, which known for its luxury cars, is planning to sell its Swedish carmaker Volvo. Ford Motor acquired Volvo in 1999.
German carmaker BMW has shown its interest to buy Volvo and it is speculating that both...
Anglo-Dutch software Services Company LogicaCMG announced that its Chief Executive Martin Read has offered retirement plan following the firm's recent profit warning, but will continue to manage the firm during the transition period.
The...
Coca-Cola Co. is looking to acquire the UK's no. 2 bottled water brand Highland Spring, according to the industry sources. The potential deal is reportedly worth 500 million pounds ($992.7 million.)
Several British newspapers reported on Sunday...
Building products group James Hardie Industries NV’s annual profit mounts $152 million. Year before company reported to bear a $507 million loss amid to compensate to asbestos products victims.
Company’s sales for the fiscal year...
Rio Tinto Ltd is set to join the pool to acquire Canadian aluminum producer Alcan Inc, as it reported to hire Deutsche Bank to advise on a possible bid.
Aluminum producer Alcan Inc is on buyers’ radar as other giants are also aiming to merge...
The 16 year old alliance of Mastercard and Football World Cup has finally ended as the ruling of US judge for reconsidering the decision of FIFA of making it their official sponsored credit card for the coming two cups.
After the exit of Mastercard,...
Vodafone, one of the world’s largest mobile phone group, is expected to announce fall in this financial year. On Tuesday, a presentation was held at Vodafone’s results for the year 2006-2007. According to the analysts of leading industry,...
In a strategic move that could fill a gap in Coca-Cola's portfolio, it acquired Glaceau for $4.1 billion (£2bn) on Friday. The news was somewhat expected as Coke had pursued Glaceau, also called Energy Brands, for weeks. This acquisition is the...
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