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Kingfisher Crisis: Talks Between Management, Employees Fail

A meeting between Kingfisher Airlines and the employees union failed to reach an agreement to resolve ongoing labor problems in the beleaguered airlines Wednesday, as the management declared that it could not assure salaries in the future.
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Kingfisher Airlines

Kingfisher Flights Cancelled On Labor Strike; Shares Fall

India’s debt-ridden private air carrier Kingfisher Airlines cancelled several flights Monday, fearing a number of its striking employees might not report for work. The company’s shares plummeted 5 percent on the Bombay Stock Exchange following the reports.
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Kingfisher Shares Fall As Lenders Reject Fresh Loans

Spelling more trouble for the debt-laden Indian private air carrier Kingfisher, a consortium of its lenders Friday rejected the company’s Rs. 2 billion working loan request. The company’s shares plummeted over 5 percent in the Bombay Stock Exchange following the reports.
Oliva, Chrysler Canada's Labour Relations representative, shakes hands with Kennedy, CAW national secretary treasurer, while CAW representatives prepare to discuss contract negotiations with Chrysler Canada representatives, in Toronto

CAW And Detroit Three Reach Tentative Agreement

The Canadian Auto Workers (CAW) reached an agreement with Chrysler Group LLC, Thursday. The agreement mirrored prior agreements with Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM).
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EU Wants $12B Annual Trade Sanction On US In Boeing Spat

The European Union asked the World Trade Organization on Thursday for the right to impose annual trade sanctions worth up to $12 billion on the United States in retaliation for illegal subsidies to plane maker Boeing (NYSE: BA.N).

Walmart: How High Cost Of Real Estate May Impact Store Operations In India

Following the approval of Foreign Direct Investment (FDI) in the multi-brand retail sector in India, retail giant Walmart (WMT) has announced plans to launch its first store within 12 to 18 months through its joint venture with Bharti Enterprises, but the high cost of real estate may pose a big challenge for the low-price retailer.
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Sudan-South Sudan Deal Lets Oil Flow Again

Sudan and South Sudan have reached a deal on border security and oil production that will let oil exports from South Sudan through Sudan to resume, spokesmen for both sides said
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Diageo, United Spirits Confirm Talks On Stake Sale

UK-based Diageo Plc confirmed Tuesday that it was in talks to buy a stake in India’s United Spirits. In a joint London Stock Exchange filing, both the companies confirmed that the talks were on but added that there was no certainty about the deal.

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