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News of the 08/14/2008

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BA Signs 3-Way Global Tie-Up Plan

  
British Airways has signed a global tie-up deal with US counterpart American Airlines and Spanish carrier Iberia.
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Sterling losses gather momentum

  
The pound falls further, hitting its lowest level in almost two years against the dollar on fears the UK may fall into recession.
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Unions seek Wal-Mart probe over election law: report

  
(Reuters) - Labor groups are requesting an investigation into whether Wal-Mart Stores Inc violated federal election laws by telling employees that electing Democrats would lead to passage of legislation making it easier to unionize companies, The Wall Street Journal said citing a letter.
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Consumer prices up sharply, job market softens

  
WASHINGTON (Reuters) - Consumer prices climbed at twice the rate expected in July and job prospects kept softening last week, according to Labor Department reports on Thursday that pointed to swelling economic stress.
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Eurozone recession fears

  
Aug 14 - Fears of eurozone recession grow as GDP contracts in the two largest European economies, France and Germany.
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The City The Credit Crunch Forgot

  
It is the city the credit crunch forgot. The rest of the UK may be feeling the pinch, but life is good in Aberdeen, the oil capital of Europe.
    From Sky News | Add a commentary | Report abuse
 

For Microsoft, not all is neighborly in Cambridge

  
Microsoft Corp. moved to Cambridge last year looking to set the world afire with innovation. Instead it got sued.
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Oil surge hits Asian markets

  
Aug 14 - Oil prices jump on signs US inventories are falling, hitting energy-dependent firms across Asia Thursday.
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M-Way Drives Hard Bargain On Fuel

  
British drivers pulling into motorway services for their fuel would do well to take a detour to a supermarket forecourt, according to new research.
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Property Group Hit With Huge Loss

  
One of the country's biggest property developers - British Land - has announced a first quarter pre-tax loss of £572m.
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No Refund For Wrapit Customers

  
Most of the 100,000 customers who purchased presents from wedding gift company Wrapit will not get any money back, administrators for the folded firm have said.
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Olympic ticket scalping

  
Aug 14 - While the Chinese government is vowing to clean up on ticket scalping, ticket sellers are visible outside of major sports venues.
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Smucker beats Street despite higher commodity costs

  
(Reuters) - Peanut butter and jelly maker J.M. Smucker Co posted better-than-expected quarterly results, as price increases and acquisitions helped offset rising commodity costs.
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Nation's favourite toys

  
Aug. 14 - Britain's Top Ten toys on sale as shoppers face an ever-longer countdown to the Christmas buying frenzy.
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