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Sun, 5 Jul 2009 00:22:00 GMT

Barclays pays Z$1 500 package

A FORMER Barclays Bank manager was left fuming last week after the financial institution wrote to him advising that it would pay him Z$1 500 as terminal benefits after he left the bank last year. Mr Martin Madamombe â?? who served the bank as
Sun, 5 Jul 2009 00:22:00 GMT

EDF reopens corporate Samurais

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Sun, 5 Jul 2009 00:21:00 GMT

Lloyds Names rest easy after court ends threat of personal liability

Thousands of Lloyds of London Names will sleep easier following a ruling in the High Court that ends the threat of billions of pounds worth of personal liabilities; 34,000 Names faced having to pay billions of pounds to settle asbestos, pollution and
Sun, 5 Jul 2009 00:17:00 GMT

Centrica set to make ?1bn hostile bid for rival Venture Production

British Gas owner Centrica is expected to make a hostile 1bn-plus bid for Venture Production, the oil and gas production company. Sources say Centrica is gearing up for a hostile offer of at least 850p a share for its rival, but Venture is said to be
Sun, 5 Jul 2009 00:17:00 GMT

Air France Plane

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Sat, 4 Jul 2009 23:56:00 GMT

Tesco AGM attracts significant shareholder fury

While the underlying profits at Tesco continue to rise and the company continues to spread its wings into more and more markets, today's AGM was anything but an easy ride for the directors. Aside from the fact that unions had complained about the
Sat, 4 Jul 2009 23:48:00 GMT

Airbus launches initiative to reinforce flight data recovery capability

Airbus has launched a study for reinforcing flight data recovery, including, but not limited to, extended data transmission for commercial airliners, so that in the event of accidents, critical flight information can still be recovered and released to
Sat, 4 Jul 2009 23:46:00 GMT

Volvo Aero Norway to supply parts for CFM56-7BE

Volvo Aero and Snecma have signed an agreement for Volvo Aero Norway to supply components for the new CFM56-7BE engine. Snecma is Volvo Aero Norway?s single largest customer, so the agreement is of great important to the supplier. Volvo Aero Norway has
Sat, 4 Jul 2009 23:46:00 GMT

Lufthansa Systems revenue management system for Sky Express

Russian low-fare carrier Sky Express is to implement Lufthansa Systems' ProfitLine/Yield Rembrandt revenue management solution, with the companies having signed a five-year contract. Lufthansa Systems says that ProfitLine/Yield Rembrandt is tailored to
Sat, 4 Jul 2009 23:45:00 GMT

Air France 747 aborts flight from Dominican Republic

SANTO DOMINGO.- An Air France jet carrying more than 200 passengers had to return after 40 minutes into its flight to Paris, with mechanical problems in one of its engines. The Boeing 747 took off at 9:23 p.m. from the Las Americas International Airport
Sat, 4 Jul 2009 23:39:00 GMT

BMW tech is blowin' in the wind

BMW?s half-scale tunnel offers a quicker way of testing designs. Choose text size More power, less gas During the Technology Day, we also got a glimpse of new variants of BMW's inline 3.0-litre six-cylinder gas engines. The two turbos on the gasoline
Sat, 4 Jul 2009 23:29:00 GMT

Ericsson bags broadband contracts from three Chinese operators

Swedish telecom gear maker Ericsson said Friday that it has been contracted by three Chinese telecom operators to render fixed-line broadband access. The three operators- China Mobile, China Unicom and China Telecom, which are currently stepping up their
Sat, 4 Jul 2009 23:28:00 GMT

Diageo: Sacrifice leaves a bitter taste

The Hill Street complex, which lies just north of the Ayrshire town's railway station, served as a historic link to the origins of the brand. It was in Kilmarnock in 1820 that John Walker, who had recently opened a grocery store, decided to sell a whisky
Sat, 4 Jul 2009 23:27:00 GMT

Centrica set to make £1bn hostile bid for rival Venture Production

British Gas owner Centrica is expected to make a hostile 1bn-plus bid for Venture Production, the oil and gas production company. Sources say Centrica is gearing up for a hostile offer of at least 850p a share for its rival, but Venture is said to be
Sat, 4 Jul 2009 23:18:00 GMT

LonZim meeting fails to ease relations with rebel shareholder AMB Capital

The board of LonZim, the Aim-listed investor of assets in Zimbabwe, has met with rebel shareholder AMB Capital in a failed attempt to improve relations between the embattled parties. AMB has called for an extraordinary general meeting to attempt to
Sat, 4 Jul 2009 23:18:00 GMT

Afghanistan: U.S. Boots on the Ground

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Sat, 4 Jul 2009 23:17:00 GMT

Terry Murden: Rise in Venture's value key to Centrica bid

CENTRICA'S board will be taking soundings this week on whether to launch a £1.4 billion bid for the North Sea gas producer Venture Production. Centrica boss Sam Laidlaw has been actively seeking out assets to reduce the company's dependency on
Sat, 4 Jul 2009 23:16:00 GMT

EDF threatens to scale back nuclear power plans

EDF Energy will scale down plans to build a new generation of nuclear reactors in the UK unless the government fixes the price of carbon, its chief executive, Vincent de Rivaz, has warned. De Rivaz said that EDF's business case to build four new reactors
Sat, 4 Jul 2009 23:14:00 GMT

Struggling BT has offered its staff a year off in exchange for a massive pay...

Struggling BT has offered its staff a year off in exchange for a massive pay cut. The former state company, which has 106,000 staff, is hoping the idea will help save millions of pounds. The ailing company lost 1.3billion in the first three months of
Sat, 4 Jul 2009 23:09:00 GMT

Guinness thirst in Nigeria expands Diageo market

Sweat is dripping from every pore of the raucous crowd packed into the Aquatic Hotels, a central Lagos venue converted for the night into a television studio, but they dont seem to care. Theyre too busy whooping it up for a string of dance troupes, such
Sat, 4 Jul 2009 23:07:00 GMT

Marks and Spencer's may be sleepwalking into a bloody revolt

Marks & Spencers relationship with its largest shareholders is getting more fractious by the day. At this weeks annual meeting, about half of them will either vote in favour, or abstain on, a motion to split the role of chairman and chief executive, and
Sat, 4 Jul 2009 23:06:00 GMT

Novartis cancer drug is not patentable, says appellate board

The legal wrangle over Glivec has attracted international attention because it is the first test on the ground of Indias amended Patent Law. P. T. Jyothi Datta Mumbai, July 4 The Intellectual Property Appellate Board (IPAB) has said that Novartis cancer
Sat, 4 Jul 2009 23:06:00 GMT

Nokia's Maemo Switching To Qt

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Sat, 4 Jul 2009 23:01:00 GMT

UK graduates hit the jobs queue

UK students are expected to join the jobs queue because of the recession, according to a new report. According to the Higher Education Careers Service Unit (HECSU) as many as 40,000 British graduates may still be unable to find a job six months after
Sat, 4 Jul 2009 22:57:00 GMT

Siemens Emphasizes Productivity with Teamcenter 8 Release

Upgrade's myriad enhancements boost individual productivity while eliminating many of the IT burdens around supporting and implementing PLM Beth Stackpole, Contributing Editor -- Design News, June 29, 2009 Touting a focus on productivity enhancements
Sat, 4 Jul 2009 22:56:00 GMT

British telecoms company BT offers staff a year off in return for deep pay cut

Telecoms company BT Group PLC is offering staff a year off work in return for a 75 per cent cut in that year's pay. BT is one of Britain's biggest companies, with more than 100,000 employees. It is trying to cut costs after posting a net loss of almost 1
Sat, 4 Jul 2009 22:53:00 GMT

'France Telecom sells Alapage website to Rue Du Commerce'

France Telecom e-Commerce has signed an agreement to sell cultural products sales website Alapage to French e-commerce group Rue Du Commerce for an undisclosed amount. The sale includes Alapage's internet address, brand, some intellectual property and
Sat, 4 Jul 2009 22:53:00 GMT

Ericsson acquires more than 95 percent of LHS shares

Ericsson (NASDAQ: ERIC) has recently, through a wholly owned subsidiary, purchased shares in LHS AG (XETRA: LHS) that together with currently held shares represents more than 95 percent of the outstanding shares in LHS. Today, Ericsson informed LHS that
Sat, 4 Jul 2009 22:53:00 GMT

Ericsson provides fixed-broadband access to all three operators in China

Ericsson (NASDAQ: ERIC) has been awarded contracts with the three telecom operators in China to provide fixed broadband access. Millions of people in an initial nine Chinese provinces will now be able to enjoy high-definition TV, as well as high-speed
Sat, 4 Jul 2009 22:53:00 GMT

HSBC upgrades Ezz Steel to overweight

Reuters quoted HSBC upgraded Egypt's Ezz Steel to overweight from neutral, as saying that steel prices bottoming out and new pellets price contract could lead to a major improvement in the company's earnings visibility. (Sourced from Reuters)
Sat, 4 Jul 2009 22:53:00 GMT