Kingfisher Airlines Considers Cutting $1.3 Billion Debt, Source
The board of cash-strapped Kingfisher Airlines will consider on Monday a proposal to cut its about $1.3 billion debt by more than half.
Cruise Passengers May Have Been Exposed to Cancer-Causing Drinking Water
A paint capable of leaching acrylonitrile, a tumor-causing toxin, was used to paint the water tanks of up to 50 cruise liners owned by cruise companies including Royal Caribbean, Norwegian Cruise Line, and others in 2004.
Black Friday 2011: Ten Tips for Getting Best Deals of Year
Black Friday 2011 is Nov. 25, and with retailers predicting record numbers of shoppers swarming stores the day after Thanksgiving, it's good to have some tips for nabbing the best sales. Follow these top ten tips, from where to look online for early deals to warranty checks and getting bigger sales, we predict 2011 will be your best shopping year to date.
North Carolina Couple Sues Airlines for $100,000 for Cockroaches on Flight
A North Carolina couple is suing Air Tran Airways, claiming that their flight had cockroaches coming out of air vents and storage areas. The flight staff, they alleged, ignored their concerns.
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Emirates Order May Get Dubai Air Show Off to a Flying Start
A Boeing Co. airplane order worth as much as $15 billion from host airline Emirates looked set to fire up the Dubai Air Show on Sunday as Gulf airlines expand in the face of growing fears over the world economy.
Autobahn script sells for mid-six figure sum
F. Scott Frazier, who wrote The Numbers Station and Line of Sight, has sold his newest spec script to the British production company/financier Between the Eyes, TheWrap has learned.
Reliance Communications Q2 Profit Down by 43.5 Percent
Debt-laden mobile phone carrier Reliance Communications posted its ninth straight drop in quarterly profit.
Audi Wins Coveted ‘Golden Steering Wheel’ Award with A6
German automobile manufacturer, Audi, has won top honors in the Midsize/Luxury Class category, for its Audi A6, at the 2011 Golden Steering Wheel awards.
Retailers May Cut Petrol Price Next Week
State-run retailers may cut gasoline prices from Nov. 16, an industry source said. It will be the first cut in nearly three years and the first in the 18 months since the government liberalized it.
U.S. Regulators Investigate General Motors' Chevrolet Volt Fire
US officials have launched an investigation to scrutinize the safety of lithium-ion batteries used to power electric vehicles after a General Motors Chevrolet Volt caught fire after a routine test.
Jay-Z, Rocawear Release Occupy Wall Street-Inspired T-Shirts, Plan to Keep Profits
Hip-hop mogul and entrepreneur Jay-Z and his clothing company, Rocawear, began selling Occupy Wall Street-themed T-shirts on its Web site Friday, causing some controversy over how Rocawear plans to manage the sales profits.
Advertisers Weary About Upcoming Penn State Game
Multiple companies have requested to ESPN that their advertisements not be aired during the Penn State football game Saturday, where the team will take on Nebraska in State College, Pa.
ExxonMobil to Explore for Oil and Gas in Kurdistan: Reports
Company refuses to comment on agreement that could cost company its share of Iraq's giant southern oil field.
Waldorf Apartment's $135,000/Month Rent Tops NYC Market [PHOTOS]
An apartment at Waldorf Towers in Manhattan has been listed this week for a sky-high rent of $130,000 per month, making it the most expensive active rental listing in the city.
Fast-Food Intake Most Frequent in Middle-Class, not Poor: Study
A new national study from UC Davis researchers of restaurant dining as related to income conveys that fast-food dining and consumption become more frequent as wages increase from low- to middle-class individuals and families.
U.S. probes EV batteries after Chevy Volt fire
U.S. regulators are investigating the safety of batteries used to power electric vehicles after a General Motors Co Chevrolet Volt caught fire following a routine crash test.
Sino-Forest Confirms Canadian Police Probe into Fraud Allegations
In an emailed statement, the Canadian-listed, China-focused company said that it is cooperating with the Royal Canadian Mounted Police (RCMP) in their investigation, but gave no details. An RCMP spokesperson was not immediately available for comment.
Canada Rail Traffic up 2% for the First Week of November
Canadian railroads reported 80,439 carloads for the week ended Nov.5, 2011, up 2 percent compared with the same week last year, and 52,025 trailers and containers, up 7.2 percent compared with 2010, according to the Association of American Railroads.
Bank of Canada's 2 percent inflation target renewed
The government and the Bank of Canada agreed on Tuesday to renew without change the central bank's five-year mandate to target a 2 percent overall inflation rate.
U.S. Rail Traffic up 3.4 % for the First Week of November
The Association of American Railroads reported gains in rail traffic for the week ending Nov.5, 2011, with U.S. railroads originating 298,465 carloads, up 3.4 percent compared with the same week last year.
‘Call of Duty: Modern Warfare 3’ Busts Sales Records
Call of Duty: Modern Warfare 3 destroys more than buildings and players' social lives -- it is also blowing through a few sales records.
Brookfield Asset Management Doubles Net Income in 3Q
Brookfield Asset Management, the Canadian investment firm with around $150 billion in real estate, infrastructure and energy holdings, reported net income of $716 million in the third quarter, more than doubling its income of $342 million in the same period of 2010.
U.S. Consumer Sentiment Rises to 64.2, a Five-Month High
U.S. consumer sentiment perked up in November to its highest level in five months as Americans felt more upbeat about the economy's prospects, a survey released on Friday showed.
Homebuilder D.R. Horton Reports Profit on Increased Home Sales
Texas-based homebuilder D.R. Horton Inc. reported net income of $35.7 million, or 11 cents per share, in the fiscal fourth quarter ending Sept. 30, up from a net loss of $8.9 million, or 3 cents per share, in 2010.
Citi to Sell EMI Units for $4.1 Billion: Report
Vivendi's Universal Music Group is set to buy EMI's recorded-music unit for $1.9 billion, while a group led by Sony's music division will buy the publishing operation of the British music company for $2.2 billion, the Wall Street Journal reported on Friday.
BJP against Govt’s Move to Bail out Kingfisher Airlines
The Bharatiya Janata Party is opposed to any move by the government to bail out debt-ridden Kingfisher Airlines that cancelled flights to minimize losses.
Nvidia Profit View Raised by FBR
FBR Capital Markets raised its profit estimates of Nvidia Corp. (NASDAQ: NVDA), after the graphics chip maker reported solid third-quarter results that came in above Wall Street expectations.
Analysis: Olympus medical business too big to fail
Japan's Olympus Corp risks collapsing under a massive accounting scandal, but the company's big and profitable medical business is likely to emerge from any wreckage unharmed.
MF Global Asia Sale Hampered by Problems Unwinding Trades
MF Global's liquidators are struggling to sell the Asian business as one concern because of problems unwinding trading positions, so they may now sell the various country units separately.
China Bank Loans Rebound in October, More Policy Easing
Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of "selective" policy easing by the government to keep the world's second-largest economy on an even keel.
Analysis: As Europe Eyes China, Japan may be the Suitor to Watch
Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc's debt crisis.
Kingfisher Airlines Defend Its Viability; Shares Fall
Kingfisher Airlines is still a viable business and there is no dispute over its survival, its Chief Executive said on Friday, in an effort to dismiss widespread speculation that the cash-strapped airline was staring at bankruptcy.
As Banks Stop Hiring, Industry Safety Net Rips Apart
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
India's Industrial Output Growth Slowed to 3.5 Percent
India's industrial output growth probably slowed to an annual rate of 3.5 percent in September, weighed down by slower growth in infrastructure output and higher domestic borrowing costs.
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