International Business News - MTN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif In a Nov. 25 story and sidebar about airlines fees for ski equipment, The Associated Press reported erroneously that American Airlines charges separate checked baggage fees for skis and ski bags. The airline treats skis and ski bags as one checked item. A corrected version appears below. http://www.ibtimes.com/articles/20081126/correction-airlines-baggage-policies-story.htm Wed, 26 Nov 2008 14:15:22 EST When Bill Getty helped organize a ski trip for fellow MBA students at Northwestern University, he told them to leave one thing behind--their skis. "We had 25 people," Getty said of a trip to Argentina in August, when it was winter in the southern hemisphere. "That's a lot of baggage fees." http://www.ibtimes.com/data/articleimgs/181791-airlines-oversized-luggage.jpg http://www.ibtimes.com/articles/20081125/skiers-plan-to-slalom-around-new-baggage-fees.htm http://www.ibtimes.com/articles/20081125/skiers-plan-to-slalom-around-new-baggage-fees.htm Tue, 25 Nov 2008 15:31:09 EST Minneapolis business manager Roque Rossetti plans to make his annual trip home to Sao Paulo, Brazil, for Christmas. The 35-year-old said the sagging economy gave him no second thoughts about shelling out $1,200 for the ticket. http://www.ibtimes.com/data/articleimgs/159508-airlines-holiday-travel.jpg http://www.ibtimes.com/articles/20081025/airlines-say-holiday-bookings-still-strong.htm http://www.ibtimes.com/articles/20081025/airlines-say-holiday-bookings-still-strong.htm Sat, 25 Oct 2008 07:28:03 EDT Ski resort operator Vail Resorts Inc. on Thursday said it has named three new division presidents. John Garnsey and Blaise Carrig were named as co-presidents of the Broomfield, Colo.-based company's mountain division. Stan Brown was promoted to president of the lodging division. http://www.ibtimes.com/articles/20081002/vail-resorts-names-3-division-presidents.htm Thu, 02 Oct 2008 10:06:15 EDT Among the earnings stories for Thursday, Sept. 25, from AP Financial News: NEW YORK (AP)--Discover Financial Services' profit fell 11 percent in the third quarter but its lucrative card processing business drove the results above Wall Street's expectations. http://www.ibtimes.com/articles/20080925/earnings-roundup-discover-financial-cra.htm Thu, 25 Sep 2008 19:30:13 EDT Vail Resorts Inc., which runs mountain resorts, on Thursday said its profit will likely decline in 2009 due to the slowing economy. The company said it expects net income between $60 million and $76 million. In 2008, the company reported net income of $102.9 million. http://www.ibtimes.com/articles/20080925/vail-resorts-expects-2009-profit-decline.htm Thu, 25 Sep 2008 08:57:24 EDT Vail Resorts Inc., which runs mountain resorts, on Thursday reported a narrower loss in its fourth quarter due to a big boost in revenue from the company's real estate segment. http://www.ibtimes.com/articles/20080925/vail-resorts-reports-narrower-4q-loss.htm Thu, 25 Sep 2008 14:39:30 EDT Among the stock activity stories for Tuesday, Sept. 16, from AP Financial News: NEW YORK (AP)--Shares of Chinese infant formula maker Synutra International Inc. plunged to a new year low Tuesday, as a rival company was investigated after an industrial chemical was discovered in its milk powder. http://www.ibtimes.com/articles/20080916/movers-roundup-synutra-sirius-xm-radio.htm Tue, 16 Sep 2008 19:19:08 EDT Among the stock activity stories for Tuesday, Sept. 16, from AP Financial News: NEW YORK (AP)--Shares of Vail Resorts Inc. dropped Tuesday as a Wachovia Capital Markets analyst downgraded the ski resort operator, anticipating a cautious forecast for fiscal 2009. http://www.ibtimes.com/articles/20080916/movers-roundup-vail-resorts-cbrl-group.htm Tue, 16 Sep 2008 14:14:32 EDT Shares of Vail Resorts Inc. dropped Tuesday as a Wachovia Capital Markets analyst downgraded the ski resort operator, anticipating a cautious forecast for fiscal 2009. http://www.ibtimes.com/articles/20080916/vail-resorts-downgraded-on-fiscal-09-expectations.htm Tue, 16 Sep 2008 19:30:05 EDT Among the earnings projection stories for Monday, July 28, from AP Financial News: INDIANAPOLIS (AP)--Simon Property Group Inc., a real estate investment trust that operates malls and shopping centers, on Monday raised the low end of its projected range for funds from operations in 2008. http://www.ibtimes.com/articles/20080728/outlook-roundup-simon-property-group-ralcorp.htm Mon, 28 Jul 2008 11:06:44 EDT Private-label cereal maker Ralcorp Holdings Inc. on Monday affirmed its outlook for 2008 profit-per-share growth of about 5 percent, excluding the impact of gains or losses on forward sale contracts related to its investment in Vail Resorts Inc. http://www.ibtimes.com/articles/20080728/ralcorp-affirms-2008-profit-growth-outlook.htm Mon, 28 Jul 2008 09:42:35 EDT Private-label cereal maker Ralcorp Holdings Inc. said Monday its third-quarter profit soared due to a gain from the forward sale of contracts related to its investment in a resort company. http://www.ibtimes.com/articles/20080728/ralcorp-fiscal-3rd-qtr-profit-soars-on-gain.htm Mon, 28 Jul 2008 09:37:43 EDT South Africa's largest mobile phone network operator, MTN Group Ltd., said Friday it has failed to reach a deal in talks with India's Reliance Communications Ltd. http://www.ibtimes.com/articles/20080718/mtn-no-deal-with-reliance.htm Fri, 18 Jul 2008 17:49:33 EDT Vail Resorts Inc., which runs mountain resorts, said Wednesday that its board agreed to buy back 3 million more shares of the company's common stock, increasing the total number of shares available for repurchase to 3.3 million. http://www.ibtimes.com/articles/20080717/vail-resorts-to-buy-back-3-million-more-shares.htm Thu, 17 Jul 2008 07:44:50 EDT Vail Resorts Inc. has agreed to acquire the mountain shuttle service Colorado Mountain Express for $40.5 million. The sale is expected to close in late fall. http://www.ibtimes.com/articles/20080619/vail-resorts-to-acquire-shuttle-service-for-40-5m.htm Thu, 19 Jun 2008 15:13:35 EDT Vail Resorts Inc., which runs mountain resorts, said Tuesday it agreed to buy a ground transportation business from an affiliate of East West Partners for a net $40.5 million. http://www.ibtimes.com/articles/20080617/vail-resorts-to-buy-ground-transportation-company.htm Tue, 17 Jun 2008 08:57:57 EDT Colorado Ski Country USA is ending print and radio advertising and laying off five workers following Vail Resorts Inc.'s withdrawal from the trade group. http://www.ibtimes.com/articles/20080616/colo-ski-trade-group-slashes-ads-cuts-5-jobs.htm Mon, 16 Jun 2008 11:19:01 EDT A feud that split one of India's most powerful business families two years ago resurfaced this weekend over the potential takeover of a South African telecom company. http://www.ibtimes.com/articles/20080616/indias-ambani-brothers-in-new-feud.htm Mon, 16 Jun 2008 10:48:16 EDT Among the stock activity stories for Thursday, June 5, from AP Financial News: NEW YORK (AP)--Shares of Tercica Inc. nearly doubled in value Thursday afternoon after the biopharmaceutical company said it will be bought by Ipsen SA in a cash deal valuing the company at $9 per share, or $663 million. The news led analysts to boost price targets on the stock. http://www.ibtimes.com/articles/20080605/movers-roundup-tercica-vertex.htm Thu, 05 Jun 2008 14:18:25 EDT