LONDON - BHP’s proposed bid for rival Rio Tinto and the rise of emerging market players, particularly China, will force further consolidation in metals and mining, industry experts told a conference this week.
NEW YORK - UAL Corp , parent of the No. 2 United States carrier United Airlines, is keen for a possible merger, according to an article in the Dec 3 edition of BusinessWeek that cited industry experts.
PARIS - Air France KLM , the world’s largegest airline by revenues, posted a stronger-than-expected 28 percent jump in quarterly profit on Thursday, lifting its shares nearly 12 percent.
NEW YORK - The cost of Thanksgiving is soaring, according to investment bank Merrill Lynch & Co, which may help explain the gloom among United States consumers as they head into the holiday season.
NEW YORK - The holiday shopping season kicked off on Thursday even before the turkey was carved, as retailers, concerned that gift purchasing may slow this year, posted special deals on their Web sites on Thanksgiving day.
LONDON - Oil slipped below $97 a barrel on Thursday, after falling just shy of the $100 milestone the previous session, on hopes of greater OPEC supplies as the market continued to watch the tumbling United States dollar.
LONDON - Two more investment banks have joined the army of advisers lined up by the world’s largegest mining group, BHP Billiton , and its takeover target Rio Tinto this week, according to regulatory filings.
PARIS - Air France KLM, the world’s largegest airline by revenues, posted a stronger-than-expected 28 percent jump in quarterly profit on Thursday, lifting its shares by as much as 9.5 percent.