Business and Finance News
 Luxury seating available in some aircraft
South Africa News.Net
Some airline passengers may be feeling more comfortable in their seats, with dozens of airlines opting to install wider seats with more leg room.
 UK to pay subsidy for electric cars
South Africa News.Net
Motorists in the UK will get a grant worth up to £5,000 from the government next year if they buy an electric plug-in car.
 Air companies suspended in Australia
South Africa News.Net
The Australian Civil Aviation Safety Authority has suspended the air operator's certificates of Skymaster Air Services and Avtex Air Services.
Rio Tinto and Chinalco sign iron ore deal
Seattle Post-Intelligencer
THE ASSOCIATED PRESS LONDON -- Anglo-Australian mining company Rio Tinto PLC and China's state-owned Chinalco have signed a binding agreement to establish a joint venture to operate an iron ore pro...
Trial 'bugs' Wall Street
New York Post
If Wall Street thinks it has been treated shabbily by Washington, it soon could get a lot worse. Yesterday, a federal judge in Manhattan listened to arguments about whether to allow thousands of recor...
Russell Europe Index: Equity Markets Up 12.4% in July
Market Wire
TACOMA, WA--(Marketwire - July 29, 2010) - Equity markets in the Russell Europe Index are showing a gain of 12.4% for the month of July (MTD through July 27, 2010), as compared to returns of -0.5% and...
BSkyB profits rise as HD takeup soars
Guardian
also today announced a £150m deal with HBO and will launch Europe's first 3D TV channel on 1 October, reported that revenue rose 11% to £5.9bn in the second quarter. Operating profits rose 10% year ...
Poll: Would you switch to Metro Bank?
Guardian
Metro is the first new bank to open on Britain's high streets for more than a century. Does its fresh approach – open seven days a week and a credit card within 15 minutes of application, as well as...
Sanofi-Aventis Warns on 2010 Earnings
CNBC
PARIS - Sanofi-Aventis SA warned Thursday that its core earnings may fall up to 4 percent this year as a result of the U.S. Food and Drug Administration's approval of a generic version of its Lovenox,...
Mitsui O.S.K. Inspects Tanker After Possible Attack
Business Week
July 29 (Bloomberg) -- Mitsui O.S.K. Lines Ltd. began inspecting an oil tanker after an explosion that may have been caused by an attack near the Strait of Hormuz, deemed by the U.S. to be the most im...
China Grapples With Blast, Spill in Latest Accidents
Business Week
July 29 (Bloomberg) -- China sent hundreds of officials to assist people hurt in a gas-pipeline blast in the city of Nanjing and to retrieve 3,000 barrels of hazardous chemicals that washed into a riv...
Sanofi Board Said to Support Genzyme Bid of Up to $70
Business Week
July 29 (Bloomberg) -- Sanofi-Aventis SA Chief Executive Officer Chris Viehbacher has support from his board of directors to offer as much as $70 a share for Genzyme Corp., or about $18.7 billion, sai...
Siemens 3Q earnings up 9 percent
The Seattle Times
A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher in the most recent quarter, the industrial conglomerate said Thursday.
Food inflation down to 9.67%
Times Of India
NEW DELHI: Food inflation fell to single digit at 9.67 per cent for the first time this year at a time when the government is facing a concerted Opposition attack on rising food and fuel prices. ...
China relieved over IMF's conciliatory tone on Yuan
Times Of India
BEIJING: China appeared relieved as the International Monetary Fund softened its stand on Yuan revaluation, partially backing Beijing's move to free its exchange rate system in a gradual manner. ...
Maruti to fix oil leakage in 6000 Altos
Times Of India
NEW DELHI: Maruti Suzuki said on Wednesday it is fixing an oil leakage in the engines of 6,000 Altos produced in April that causes starting problems in the small car, less than a year after more th...
Earnings Watch: Updates, advisories and surprises
Market Watch
-1.58% ) said Thursday that its second-quarter net profit rose 15% to $4.39 billion as revenue jumped 42% to $90.57 billion. The group said oil and natural gas production increased 5% to 3.11 millio...
Latin America lifts earnings for Telefonica
Market Watch
MADRID (MarketWatch) -- Telefonica on Thursday reported a 16% rise in second-quarter net income and a revenue gain of 9%, beating analysts' forecasts, as weakness in its home market of Spain was offse...
Telefonica Q2 Net Income Up 16%, Revenue Up 9%
Fox Business
MADRID -- Telefonica on Thursday reported that second-quarter net income rose 16% to €2.12 billion ($2.76 billion) against €1.83 billion in the same period a year ago. The company earned €0.47 p...
Dassault Systemes Profit Jumps; Outlook Raised
Fox Business
LOS ANGELES -- Dassault Systemes said Thursday its second-quarter profit totaled 48.6 million euros ($63.2 million), or €0.40 a share, from €25.6 million, or €0.22 a share, in the same quarter a...
Hyundai sees European car demand shrinking in H2
Fox Business
July 29, 2010 SEOUL, July 29 (Reuters) - Hyundai Motor Co, South Korea's top automaker, expects car demand in Europe to shrink in the second half as government incentives for new cars are phased o...
Siemens Returns To Growth, Order Intake Climbs 22%
Fox Business
SI ) Thursday posted a 12% rise in third-quarter net profit and increased sales and order intake for the first time in seven quarters, marking a return to growth after the demand slump brought about b...
Hyundai posts record Q2 profit, beats forecast
Fox Business
July 29, 2010 SEOUL, July 29 (Reuters) - Hyundai Motor Co, South Korea's top automaker, said its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the U...
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