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Aerospace
Dassault in pledge over Thales chief role
3 Dec 2008 at 2:10pm
Aircraft group will not put forward own executive should Ranque leave in wake of stake sale
Boeing engineers approve new contract
2 Dec 2008 at 2:18am
Boeing’s second-largest union voted to approve the company’s four-year contract offer, avoiding a second damaging strike at the plane maker’s Seattle-area plants
EADS rearranges deckchairs ahead of gathering storm
1 Dec 2008 at 7:00pm
Last month, Louis Gallois, EADS chief executive, suggested it was perhaps time to scrap the European aerospace group’s dual headquarters in Paris and Munich. Far…
Autos
US auto union makes concessions
3 Dec 2008 at 2:15pm
The main car workers’ union said that it would suspend a contentious practice that allows so-called ‘idled’ car workers to collect virtually full pay and benefits without working
US carmakers ask for $34bn
2 Dec 2008 at 7:01pm
Detroit’s beleaguered carmakers sought to present themselves as lean, innovative and environmentally aware companies as they appealed to Congress for up to $34bn of emergency loans
Detroit paints an increasingly bleak picture
3 Dec 2008 at 4:32pm
For those inured to the Detroit car industry’s worsening problems, the business plans presented to Congress by the automakers as back-up for their request for federal aid seemed to contain little that was new
Basic Industries
Chinese group sues Vale Inco
3 Dec 2008 at 5:10pm
A large Chinese battery manufacturer is suing two units of Vale, one of the world’s largest mining companies, in a patent infringement case that highlights the growing number of Chinese companies using local courts to protect their interests
Dassault in pledge over Thales chief role
3 Dec 2008 at 2:10pm
Aircraft group will not put forward own executive should Ranque leave in wake of stake sale
Vale cuts 1,300 jobs due to ‘grave crisis’
3 Dec 2008 at 12:17pm
The world’s biggest producer of iron ore will also put 5,500 staff on paid leave and move another 1,200 into different functions as a result of a drop in global steel production
Consumer Industries
Discounts drive 15% sales jump on ‘Cyber Monday’
3 Dec 2008 at 4:18pm
US online retailers saw an annualised 15 per cent jump in sales on the Monday following the Thanksgiving weekend, according to early estimates, as aggressive bargains boosted traffic on the day the industry has dubbed ‘Cyber Monday’
Outlook dims for glittering malls
3 Dec 2008 at 12:10pm
Retailers expect the footfall in stores to remain relatively robust, but do not know if sales will keep pace
O’Reilly poised to dilute Waterford holding
2 Dec 2008 at 7:56pm
The Irish businessman’s decision is an attempt to save the tableware company from collapse under the terms of a refinancing deal being discussed with US investors
Drugs & Healthcare
Claimar bemoans organic setback
1 Dec 2008 at 7:02pm
The nursing care provider suspended its final dividend in spite of having two acquisitions that helped the company to more than double annual turnover
Strong medicine
1 Dec 2008 at 12:56pm
If EU policymakers want to stimulate innovative new drugs, they must promote public investment in medical research, improving the climate for clinical trials
Johnson & Johnson in $1bn Mentor buy
1 Dec 2008 at 9:46am
Johnson & Johnson has agreed to buy Mentor Corporation, a top maker of breast implants, for $1.07bn in cash in order to offer doctors a broader range of aesthetic and reconstructive medical products
Energy, Utilities & Mining
Sibir investor bail-out stuns market
3 Dec 2008 at 4:25pm
Shares in the London-listed Russian oil company fall 57% after it agrees to buy a property portfolio from one of its largest shareholders for $340m ? a move described as ‘insane’ by one hedge fund manager
EDF tries to scupper Buffett’s energy bid
3 Dec 2008 at 11:03am
The French state-controlled utility launched a direct challenge to billionaire Warren Buffett with a $4.5bn bid for 50 per cent of the nuclear fleet owned by its US partner Constellation Energy
Buffett in line for $593m payment
3 Dec 2008 at 4:10pm
Warren Buffett stands to collect $593m in cash from Constellation Energy as a consolation prize if the US utility accepts a higher offer from EDF
Financial Services
Citigroup chiefs ready to waive bonuses
3 Dec 2008 at 4:45pm
Citigroup’s top executives, and Robert Rubin, a director and senior adviser, are ready to forgo their bonuses this year amid growing internal and external pressure to atone for the company’s huge losses and a $300bn government bail-out
Commerzbank outlines Dresdner integration
3 Dec 2008 at 4:30pm
Commerzbank’s investment-banking chief laid out his plans for the integration of Dresdner Kleinwort, including closing the UK mergers and acquisitions business and abolishing trading with the bank’s own capital
Challenge to HBOS deal to go ahead
3 Dec 2008 at 3:20pm
A last-ditch legal challenge to the Lloyds TSB takeover will be heard by the Competition Appeal Tribunal, days before HBOS shareholders will vote on the tie-up
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Media & Internet
Redstone agrees partial sale of 1,500 cinemas
3 Dec 2008 at 4:53pm
Media mogul Sumner Redstone has reached agreement with his daughter, Shari, to put some of National Amusement’s 1,500 cinemas on the block rather than the entire division, as part of debt-restructuring discussions to avoid selling more shares of Viacom and CBS, people familiar with the matter said
Regulatory blow for online video service
3 Dec 2008 at 1:08am
Competition Commission says plans by the BBC, ITV and Channel 4 for a commercial internet video service are ‘likely to result in a substantial lessening of competition’ in the supply of online content
Dark side of the boom
3 Dec 2008 at 1:31pm
EMI: What insiders thought would be the private equity deal of last year has turned into a hard slog simply to recoup investments
Property
Cash pile supports troubled developer
3 Dec 2008 at 12:20pm
From being the world’s biggest developer, Emaar’s share price has collapsed by 84 per cent since the beginning of 2008
Gulf real estate sector forced to reassess
3 Dec 2008 at 11:01am
Middle East developers, who face falling property prices, lower demand and a shortage of finance following the global economic downturn, need to rethink their strategies
Icahn files lawsuit against Realogy
2 Dec 2008 at 8:37pm
The billionaire investor claims that the planned $1.1bn debt exchange of the property brokerage group owned by Leon Black’s Apollo Management is a ‘fraudulent’ transfer of money
Retailing & Leisure
Thomas Cook applauds consolidation
2 Dec 2008 at 2:10am
The travel comany said no more capacity would be taken out of the market as it reported a 32% increase in adjusted pre-tax profits
Game Group sticks to guidance as sales slow
2 Dec 2008 at 1:45am
Like-for-like sales at Britain’s biggest video games retailer grew by 1.5% in the 18 weeks to November 29, compared with 22.2% in the first half, but spending on games and consoles remained ‘relatively resilient’
Trump faces Deutsche suit over Chicago tower
1 Dec 2008 at 5:38pm
The gaming industry slump and real estate slowdown is threatening to hit Donald Trump in the wallet as he faces a lawsuit from Deutsche Bank over a 92-storey Chicago tower development
Telecoms
Vodafone to appeal against India tax ruling
3 Dec 2008 at 11:10am
The Mumbai High Court dismissed a landmark challenge by Vodafone against a $2bn tax case in a blow to the UK group and a potential setback for other companies looking to make major investments in India
BlackBerry maker warns on slowing growth
3 Dec 2008 at 11:08am
Research in Motion, the Canadian manufacturer of BlackBerry smartphones, became the latest mobile handset maker to warn about slowing growth when it issued a surprise profit warning
Telecom Italia to sell assets and cut jobs
3 Dec 2008 at 4:08am
Telecom Italia is to cut another 4,000 jobs, sell assets worth ?3bn, and cut costs by around ?2bn over the next three years as it seeks to reduce its huge debt burden
Transport
Iberia gives BA merger ultimatum
3 Dec 2008 at 2:20pm
The chief executive of the Spanish carrier said it would be ‘too complex’ for BA to pursue deals with both it and Qantas of Australia
Dublin hint at selling Aer Lingus 25% stake
3 Dec 2008 at 11:45am
The Irish government signalled it might be ready to dispose of its 25 per cent stake in Aer Lingus under the terms of a takeover bid tabled by rival Ryanair
Stagecoach shares tumble after warning
3 Dec 2008 at 6:15am
The bus and rail company warned that commuter numbers will fall next year as the recession bites in the South East but the group predicted more people would start to use the bus
Source: Financial Times
November 27 2007 08:13 am
