Dan Caterinicchia April 15, 2008 - 12:39 a.m. WASHINGTON (AP) - Lawmakers railing against the proposed combination of Northwest and Delta say the deal will decrease competition and lead to higher airfares. But Congress has little power to stop a transaction that antitrust experts expect to be approved this year. The Justice Department, which can block the deal if it determines competition will be hurt, aforesaid it is "interested" in looking at the airlines' ...
Delta, Northwest shares drop as investors see fewer benefits than hoped for
Apr 16 2008
Joshua Freed And Harry R. Weber April 15, 2008 - 12:39 a.m. (AP) - Investors panned Delta's long-in-the-works deal with Northwest, sending shares of both companies into disgrace sharply on Tuesday on disappointment that the deal may not yield as much in cost savings or higher revenue as Wall Street expected. If Delta and Northwest are going to complete their combination to create the world's largest airline, they'll also have politicians to placate, ...
Posted by admin under Uncategorized
Mutual fund buyers cling to money market funds in March: $2.6B net investment
Apr 16 2008
The Canadian Press April 15, 2008 - 12:32 a.m. TORONTO - Canadian mutual fund investors went out like lambs in March, making $2.6 billion in net contributions - all into safe, low-yielding money market funds as financial markets gyrated. The industry's total assets at month-end stood at $686.4 billion, up one per cent from February but down 0.5 per cent from March 2007, according to data released Tuesday by the Investment Funds Institute of Canada. Money market store net sales of ...
Posted by admin under Uncategorized
EU says no pain yet from strong euro, Airbus calls current level ‘unbearable’
Apr 16 2008
Aoife White April 15, 2008 - 12:24 a.m. BRUSSELS, Belgium (AP) - Most European exporters are not yet feeling the pain of the strong euro, an EU official said Tuesday — even as aircraft maker Airbus, which sells its planes in dollars, called the level "unbearable." Luxembourg Prime Minister Jean-Claude Juncker, who leads monthly economy talks between the 15 nations that use the common currency, said he did not see the high euro hurting ...
Posted by admin under Uncategorized
Congress to examine failure to create emergency communications network
Apr 16 2008
John Dunbar April 15, 2008 - 11:51 a.m. WASHINGTON (AP) - A congressional panel wants to know why a plan aimed at using public airwaves and private money to create a nationwide emergency communications network failed to attract any interest in an otherwise successful spectrum auction. The House Energy and Commerce telecommunications and the Internet subcommittee on Tuesday was to hear from all five members of the Federal Communications Commission as well as explanation ...
Posted by admin under Uncategorized