Business News

  • A Delta Airlines plane is seen at O'Hare International airport in Chicago, in this November 15, 2006 file photo. REUTERS/Frank Polich/Files
    Delta CEO says any merger must meet conditions Reuters - Wed, Feb 27

    The chief executive of Delta Air Lines Inc said on Tuesday any merger must meet several conditions, including the protection of worker seniority, and added that Delta has a strong stand-alone plan.

  • ANALYSIS - Delta, Northwest pilots wary of merging Reuters - Wed, Feb 27

    Bigger may not be better for Delta and Northwest pilots.
    A possible merger between Delta Air Lines Inc and Northwest Airlines Corp to create the world's largest airline is in a holding pattern as the carriers' pilots wrangle over integrating seniority lists for more than 11,000 pilots.

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. REUTERS/Luke MacGregor/Files
    Oil surges on weak dollar Reuters - Wed, Feb 27

    Oil surged on Tuesday to a record settlement as investors reacted to weakness in the U.S. dollar following a batch of gloomy economic data.

  • An oil facility is seen at Venezuela's western Maracaibo lake in this November 5, 2007 file photo. REUTERS/Isaac Urrutia
    Oil pushes through $100, eyes on OPEC, weather Reuters - Tue, Feb 26

    Oil surged over $101 a barrel on Tuesday to within pennies of a record as investors reacted to weakness in the U.S. dollar following a batch of gloomy economic data.

  • Reuters Summit - GE Infrastructure eyes acquisitions Reuters - Tue, Feb 26

    General Electric Co's infrastructure unit will likely make several acquisitions in the power storage, power management and control systems sectors in 2008, the unit's chief executive said on Monday.

  • Chief Executive and co-founder of Getty Images, Jonathan Klein answers questions during the Reuters Media Summit in New York November 30, 2006. Getty Images said on Monday it agreed to be bought by Hellman & Friedman affiliates for $34 per share in cash, in a deal it said was worth $2.4 bln, including the assumption of debt.REUTERS/Brendan McDermid
    Private equity to buy Getty Images for $2.1 bln Reuters - Mon, Feb 25

    Getty Images Inc said on Monday it had agreed to a takeover bid of $2.1 billion from Hellman & Friedman, putting the struggling photo and video supplier in the hands of a private equity firm.

  • Chief Executive and co-founder of Getty Images, Jonathan Klein answers questions during the Reuters Media Summit in New York November 30, 2006. Getty Images said on Monday it agreed to be bought by Hellman & Friedman affiliates for $34 per share in cash, in a deal it said was worth $2.4 bln, including the assumption of debt.REUTERS/Brendan McDermid
    Getty Images to be sold to Hellman & Friedman Reuters - Mon, Feb 25

    Getty Images Inc said on Monday it agreed to be bought by Hellman & Friedman affiliates for $34 per share in cash, in a deal it said was worth $2.4 billion, including the assumption of debt.

  • Bank Muscat no plans to sell any HDFC stake Reuters - Sun, Feb 24

    Bank Muscat, whose shares surged as much as 8.5 percent on Sunday, has no plans to sell any stake in HDFC after India's third-biggest lender agreed to buy Centurion Bank of Punjab.

  • HDFC Bank-Centurion deal worth $3 bln - paper Reuters - Sun, Feb 24

    A proposed acquisition of Centurion Bank of Punjab by HDFC Bank, India's No. 3 lender, is likely to be valued at 100-120 billion rupees ($2.5-$3.0 billion), the Business Standard said on Sunday.

  • A man speaks on a mobile phone in front of a billboard in Chandigarh August 24, 2007. REUTERS/Ajay Verma
    Telecoms liberalisation a model for services Reuters - Sun, Feb 24

    When talks to open up the telecoms sectors started in 1994, the EU's negotiator did not know what an e-mail was, mobile phones and the Internet were in their infancy, and it was very expensive to call abroad.

  • A technician adjusts a spotlight at the exhibition stand of Microsoft in the northern German town of Hanover March 12, 2007. REUTERS/Christian Charisius/Files
    Microsoft says jobs aplenty even after Yahoo deal Reuters - Sat, Feb 23

    Microsoft Corp suggested on Friday that it had no plans to make major lay-offs if it succeeded in buying Yahoo Inc, saying there were plenty of employee opportunities throughout the company.

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. Oil rose to near $99 a barrel on Friday as an incursion into Iraq by Turkish troops and cold weather in the U.S. Northeast outweighed concerns about mounting problems in the U.S. economy. REUTERS/Luke MacGregor/Files
    Oil rises near $99 on Iraq, U.S. weather Reuters - Fri, Feb 22

    Oil rose to near $99 a barrel on Friday as an incursion into Iraq by Turkish troops and cold weather in the U.S. Northeast outweighed concerns about mounting problems in the U.S. economy.

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. Oil rose towards $99 a barrel on Friday, led higher by strong prices for heating fuel and supported by rising tensions in the Middle East after thousands of Turkish troops crossed into northern Iraq. REUTERS/Luke MacGregor/Files
    Oil up near $99, Turkish incursion supports Reuters - Fri, Feb 22

    Oil rose towards $99 a barrel on Friday, led higher by strong prices for heating fuel and supported by rising tensions in the Middle East after thousands of Turkish troops crossed into northern Iraq.

  • The North Sea oil platform Thistle Alpha is seen in this undated handout photograph, received in London on November 25, 2007. REUTERS/Petrofac/Handout/Files
    Oil eases to $98 on swelling U.S. crude stockpile Reuters - Fri, Feb 22

    Oil drifted down to $98 a barrel on Friday, pulling further away from its recent record above $101 as rising U.S. crude and gasoline stockpiles added to evidence of slowing demand in the world's largest consumer.

  • Hollywood trade paper Variety put up for sale Reuters - Fri, Feb 22

    Daily Variety, the venerable show business "trade" magazine and Hollywood fixture for over 70 years, was put up for sale on Thursday as part of a cost-cutting plan by its parent company, Reed-Elsevier.

  • A sign of a Northern Rock branch is seen behind a passing bus in London November 26, 2007. REUTERS/Luke MacGregor/Files
    Britain passes Northern Rock nationalisation law Reuters - Fri, Feb 22

    Britain's parliament passed legislation on Thursday allowing the government to nationalise Northern Rock, five months after the bank became a high-profile casualty of the global credit crunch.

  • Germany says April talks on WTO trade deal possible Reuters - Thu, Feb 21

    Ministers could meet in April to secure a possible breakthrough in the stalled Doha round of World Trade Organisation trade talks, German Deputy Economy Minister Bernd Pfaffenbach said on Thursday.

  • A man walks through New York's Madison Square Park in this January 8, 2008 file photo. U.S. inflation accelerated in January in a worrying sign for the Federal Reserve's campaign to bolster the flagging economy, while a separate report on Wednesday showed more troubling signs for beleaguered housing market. REUTERS/Brendan McDermid/Files
    U.S. inflation gathers steam, housing slides Reuters - Thu, Feb 21

    A steady rise in U.S. consumer prices in January pointed to persistent inflation pressures despite fresh signs on Wednesday that the declining housing sector remains a drag on the economy.

  • HCL Technologies buying U.S. firm for $40 mln Reuters - Wed, Feb 20

    Software firm HCL Technologies Ltd on Wednesday said it has acquired U.S.-based Capital Stream Inc. in an all-cash deal for $40 million.

  • India allows export of 51,010 T of non-basmati rice Reuters - Wed, Feb 20

    India allowed export of 51,010 tonnes of non-basmati rice to Bangladesh waiving a ban on the export of the commodity, the director general of foreign trade said in a statement.


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