Category: Money

Lufthansa To Query German Cartel Office Over Price Analysis

FRANKFURT – Lufthansa (LHAG.DE) did not make any additional profit on domestic German routes after the collapse of local rival Air Berlin, and prices did not go up...

Stock Futures Steady After Selloff Due To Italy Crisis

– U.S. stock index futures rose on Wednesday, suggesting a respite from a steep selloff that had pushed the S&P and the Dow Jones Industrial Average to their...

Aerospace Group Safran Sticks To Leap Engine Targets No Bad Surprises At Zodiac

PARIS – French aerospace firm Safran (SAF.PA) is sticking to production targets for the LEAP jet engine, but is still unwilling to back proposals for higher output...

How Kinder Morgan Won A Billion-dollar Bailout On Canada Pipeline

OTTAWA/HOUSTON – U.S. energy firm Kinder Morgan’s C$4.5 billion sale of an oil pipeline to Canada’s government marked an extraordinary escape from...

Sorrell Plots Comeback With New Listed Company After Wpp Exit

– Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the same formula as in the 1980s when he transformed a...

World Stocks Fall For Sixth Day But Italy Euro In Mini-bounce

LONDON – Italy’s political crisis and renewed trade war fears sent world stocks lower for the sixth day in a row, though hopes that Italy could avoid a new...

Ad Man Sorrell Makes Comeback From Wpp Blow With Tested Tactic

– Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP (WPP.L), using the same formula as in the 1980s when he transformed a shell...

Rbs Finance Chief Quits Ahead Of Agm Possible Uk Stake Sale

LONDON – Royal Bank of Scotland (RBS.L) announced the surprise departure of its finance chief on Wednesday, on the day of its annual shareholder meeting and amid...