Arabs without oil hard hit by food price spiral

April 2, 2008 on 9:22 pm | In Business News | No Comments

BEIRUT (Reuters) - While Gulf Arab oil producers reap windfall earnings, their poorer cousins elsewhere in the Arab world are struggling with soaring energy and food bills.

Arabs without oil hard hit by food price spiral

Clear Channel deal suit sent back to Texas court

April 2, 2008 on 9:20 pm | In Business News | No Comments

NEW YORK (Reuters) - Clear Channel Communications Inc and the private equity firms trying to buy the U.S. radio operator won a legal victory on Wednesday when a federal judge sent a case they filed against six banks back to a Texas state court.

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Clear Channel deal suit sent back to Texas court

Alitalia deal falls apart as chairman quits

April 2, 2008 on 9:14 pm | In Business News | No Comments

ROME (Reuters) - Air France-KLM’s takeover of Italy’s Alitalia fell apart on Wednesday after talks with unions broke down, leaving the state-owned airline on the ropes just 11 days before a general election.

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Alitalia deal falls apart as chairman quits

United cancels flights, grounds 777s for checks

April 2, 2008 on 9:09 pm | In Business News | No Comments

WASHINGTON (Reuters) - United Airlines, a unit of UAL Corp
, on Wednesday became the latest major U.S. carrier to
ground planes and cancel flights due to questions over aircraft
safety checks and maintenance.

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United cancels flights, grounds 777s for checks

Tucker says BoE can only partly cushion credit blow

April 2, 2008 on 5:37 pm | In Business News | No Comments

LONDON (Reuters) - The Bank of England aims to cut interest rates gradually to cushion the blow from the credit crunch but may need to let the economy slow to curb inflation, policymaker Paul Tucker said on Wednesday.

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Tucker says BoE can only partly cushion credit blow

Air France-KLM deal to buy Alitalia falls apart

April 2, 2008 on 4:23 pm | In Business News | No Comments

ROME (Reuters) - Air France-KLM walked away from its planned takeover of Alitalia after talks with the near-bankrupt Italian carrier’s unions broke down on Wednesday.

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Air France-KLM deal to buy Alitalia falls apart

Bernanke sees U.S. recession possible

April 2, 2008 on 3:19 pm | In Business News | No Comments

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday conceded for the first time the U.S. economy may slip into recession, but said growth should pick up later this year as interest rate cuts and other emergency steps take root.

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Bernanke sees U.S. recession possible

United cancels flights and grounds 777s for tests

April 2, 2008 on 2:01 pm | In Business News | No Comments

WASHINGTON (Reuters) - United Airlines, a unit of UAL , on Wednesday grounded its entire fleet of Boeing 777 jetliners and cancelled flights to reexamine a fire suppression system.

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United cancels flights and grounds 777s for tests

EU executive seeks to cut costs of share trading

April 2, 2008 on 1:58 pm | In Business News | No Comments

BRUSSELS (Reuters) - The European Commission will propose guidelines to European Union states by early 2009 to tear down fiscal barriers that bump up the cost of cross-border share trading for investors, an EU document said on Wednesday.

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EU executive seeks to cut costs of share trading

Bernanke sees U.S. recession as possible

April 2, 2008 on 1:20 pm | In Business News | No Comments

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy could face a mild recession but that growth should pick up as the impact of aggressive …

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Bernanke sees U.S. recession as possible

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