U.S. AIRWAYS-NEW AMERICAN AIRLINES AGREED TO MAINTAIN ITS HUBS IN CHARLOTTE, NY, LA, MIAMI, CHICAGO, PHILADELPHIA, AND PHOENIX FOR A PERIOD OF 3 YEARS
Legal & Regulatory
Arbitrator orders Starbucks to pay up
In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
American Airlines merger with US Airways Group Inc has been settled
A settlement was reached between representatives of both American Airlines and US Airways Group and the US Department of Justice would pave the way to the approval of the merger.
Kenko.com Inc unit files suit against proposed ban on online drug sales
Rakuten Inc sought court action to stop the passage of the bill to prohibit the over the counter sales of certain drugs over the Internet.
Carlyle Group announces the closure of a collateralized loan obligation worth USD517 million
The Carlyle Group announced the closure of the latest collateralized loan obligation, which is the company's way of investing into the market through global market strategies and solutions, real assets and corporate private equity.
Latest News
Canadian company Saputo Inc's AUD449 million offer for Warrnambool Cheese and Butter Factory Holdings Ltd. has been recommended by the WCB board and subsequently approved by the Australian government.
The Setad, an entity created by the first Ayatollah, now had expanded its business interests to real estate and nearly twelve other Iranian companies both locally and worldwide.
The People's Bank of China had undertaken a program of lowering money supply to avoid further inflation, but this may lead to lack of financial support
In a recent statement, the State-owned Assets Supervision and Administration Commission or SASAC had welcomed the move to allow the private sector to purchase interests in state owned or controlled corporations.
Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.
A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
Property developers of high-end apartments and real estate in Hong Kong were not happy about the state government's new regulations on mortgage tax and downpayments.
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
Typhoon Haiyan's devastation would also lower the growth of the Philippine economy. The Philippine benchmark index had its largest decline in the last six weeks amidst concerns from the consequent devastation from Super Typhoon Haiyan would affect the economic growth of the country.
