Daily Outlook - Jan 12

AA Gets in Delta's Way; Cadbury's Takeover Deterrent; China's Growing Fortunes

 @ibtimes
on January 12 2010 8:45 AM

American Airlines sweetens support offer as JAL shares plunge

American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines <9205.T> to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines. Read Full Article here.

Cadbury rejects Kraft, reports robust trading

Britain's Cadbury showcased robust 2009 results and an upbeat outlook on Tuesday in its last move to rebuff U.S. giant Kraft Foods' 10.5 billion pound ($17 billion) hostile takeover bid. Read Full Article here.

China consumers to overtake U.S. in a decade: Credit Suisse

Household income in China surged in the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade, Credit Suisse said in a report on Tuesday. Read Full Article here.

Google's investment arm to grow partner ranks

Google Inc's venture capital arm, Google Ventures, is bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring. Read Full Article here.

Forrester sees global tech spending rebound in 2010

After a tough 2009, the global technology industry will see an 8.1 percent increase in spending this year with software and computer hardware leading the charge, according to a report from Forrester Research. Read Full Article here.

A380 slowdown blots record Airbus output

Airbus confirmed forecast-beating sales and record deliveries for 2009 on Tuesday but admitted disappointment over a fall in A380 output and pledged to speed up production of the world's largest airliner. Read Full Article here.

China's Baidu website defaced by Twitter hackers

Hackers calling themselves the Iranian Cyber Army briefly hijacked the home page of China's top search engine, Baidu Inc, on Tuesday weeks after doing the same thing to Twitter.com. Read Full Article here.

McDonald's to start free Wi-Fi at most U.S. stores

McDonald's Corp plans to offer free Wi-Fi service at most of its U.S. restaurants, starting on January 15, a spokeswoman said on Monday. Read Full Article here.

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