Opposition to RJH in GM's Opel's sale too strong: analyst
Opposition for General Motors to sell its European Opel brand to Belgian financial investor RHJ is too great, an analyst said on Tuesday, according to Reuters. The German government would prefer to have the company sold to investor Magna because that company is heavily supported by unions and the four German states with a stake in the process, according to the report.
'Renewed pessimism' for Airline operators: survey
The recovery in the airline market for premium class seats will not take place until 2011, some industry respondents said, according to a new survey. The International Air Transport Association, in its quarterly business confidence survey found that airline operators had experienced renewed pessimism due to the ongoing recession and rising fuel prices. Even the optimistic respondents don't see significant recovery before the fourth quarter this year and others not until early 2011, the IATA said in its report.
Baxter profit tops estimates
Baxter International, Inc (BAX) - the health products maker reported that net profit rose 8 percent to $587 million, or 96 cents per share, beating analysts' average forecasts of 94 cents per share, according to Reuters Estimates. Sales were down 2 percent to $3.12 billion.