Wednesday, May 14, 2008

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Tuesday 13 May 2008

Airbus announces new delays in A380 delivery

European aviation company Airbus has announced that the current A380 delivery schedule cannot be met. Airbus will be able to deliver 21 of the aircraft in 2009 instead of the 25 previously announced.
  • TRANSPORT - AIRBUS
    Airbus announces new delays in A380 delivery
    European aviation company Airbus has announced that the current A380 delivery schedule cannot be met. Airbus will be able to deliver 21 of the aircraft in 2009 instead of the 25 previously announced.
  • BANKING - FRANCE
    Credit Agricole to raise 5.9 billion euros to shore up capital
    French international bank Credit Agricole has decided to raise 5.9 billion euros to shore up its capital so as to face the consequences of the subprime crisis. Business analyst Pierre Briançon gives his take on the situation.
  • YAHOO! - MICROSOFT
    Billionaire investor Carl Icahn has a plan
    Billionaire veteran investor Carl Icahn is considering running a proxy campaign to change the members of the Yahoo! Inc. board who blocked the Microsoft Corp merger deal.
  • COMPUTING
    HP to buy EDS and challenge IBM
    California-based computer giant Hewlett-Packard Co unveiled on Tuesday its plans to buy technology outsourcing company Electronic Data Systems Corp (EDS) for $12.6 bln dollars. The move will make HP a serious competitor to IBM.
  • STEEL
    Lakshmi Mittal takes power in ArcelorMittal
    Two years after Arcelor and Mittal steel merged, ArcelorMittal Chief Executive Lakshmi Mittal has replaced Joseph Kinsch as chairman of the steelmaker on Tuesday.
  • VENEZUELA - STEEL
    Chavez nationalizes biggest steelmaker
    Venezuelan President Hugo Chavez has nationalized the country's largest steelmaker Ternium Sidor. But the government still needs to buy out Ternium-Sidor's biggest stakeholder, the Argentinian consortium Techint. (Report: L. Kammourieh)
  • IRAN - COMMODITIES
    Shell, Repsol renegociate Iran gas deal
    Oil majors Repsol and Royal Dutch Shell pulled out of a 10-billion-dollar Iranian natural gas project, suggesting they wished to exchange it for another project on the South Pars gas field, despite pressure from Washington.
  • COMMODITIES - OIL
    Oil hits record high in New York
    The US light crude touched a new record of $126.40 a barrel in volatile trade on Monday amid concern about current crises in Nigeria and Lebanon. Some analysts have attributed the gains in oil to a wave of fund money pouring into commodities.
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