Delta, Northwest lose combined $10.5B on high fuel, charges - Times and Democrat
ATLANTA - Delta and Northwest, seeking to combine to create the world’s largest airline, posted losses Wednesday totaling $10.5 billion for the first three months of the year due to exorbitant fuel prices and write-downs of their companies’ value
2nd UPDATE: OFT Alleges Tobacco Cos, Retailers Fixed Prices - CNN Money
LONDON -(Dow Jones)- The Office of Fair Trading said Friday it will investigate possible price fixing by two tobacco manufacturers and 11 retailers on tobacco products in the U.K. In a statement of objections, the OFT outlined its proposed findings
ConocoPhillips 1Q profit up 17 pct on higher oil prices - Seattle Times
Setting the tone expected for the world’s large oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to begin the year, though those same high levels squeezed results at its refining
Retailers in tobacco price probe - BBC News
The OFT stated understandings between cigarette companies and retailers between 2000 and 2003 limited the retailers’ capability “to determine its selling price independently”. In the case of Gallaher, Imperial Tobacco, Asda, Sainsbury, Shell, Somerfield
Activists to protest some Beijing Olympics sponsors - Boston Globe
BEIJING— An activist group will organize protests against Beijing Olympics sponsors that it states have failed to press China to help end fighting in Darfur. Dream for Darfur stated 16 companies, including General Electric Co. , Coca-Cola Co. and
UK agency accuses 2 tobacco companies, retailers of price-fixing - PR Inside
LONDON (AP) - British consumer protection authorities have accused two tobacco companies and several major retailers including supermarkets of fixing prices on tobacco products. The Office of Fair Trading states the companies restricted prices on some
Senate panel rejects new media ownership rule - The Shreveport Times
WASHINGTON — A Senate committee voted Thursday to nullify a recently approved Federal Communications Commission rule that grants media companies to own a newspaper and a television station in the same market. The Senate Commerce, Science and
Accountant embezzled $2.1 million, audit finds - CNN
COLUMBIA, South Carolina (AP) — An accountant who killed himself after police questioned him in the disappearance of two wealthy clients had embezzled $2.1 million from the couple and seven companies, his former employer stated. Dennis Gerwing stole
China withdraws investment applications - News.com.au
AT least 10 Chinese companies have withdrawn foreign investment applications to buy into Australian resources companies after pressure from the Rudd Government. The Government has in current weeks made it plain privately it wants more time to take into account
Cable companies pulling out of venture with Sprint Nextel - Miami Herald
Three of the nation’s largest cable companies are pulling the plug on their cell-phone joint venture with Sprint Nextel Corp. Spokespeople with Comcast Corp., Time Warner Cable Inc. and Cox Communications Inc. stated Wednesday they have stopped
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