FAA proposes 3.8 million fine against American

August 14, 2008 on 11:53 pm | In Business News | No Comments

WASHINGTON (Reuters) - American Airlines, a unit of AMR , knowingly flew planes that needed safety repairs, the U.S. government charged on Thursday in a letter that proposed a $7.1 million (3.8 million pound) fine against the carrier.

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FAA proposes 3.8 million fine against American

Dollar at 6-month high on falling commodities

August 14, 2008 on 10:51 pm | In Business News | No Comments

HONG KONG (Reuters) - The U.S. dollar rose to a six-month high against the euro on Friday as gold prices tumbled to a 2008 low and oil slipped, leading investors to increase bets on easing inflation and slower global growth.

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Dollar at 6-month high on falling commodities

Dollar and U.S. stocks rise

August 14, 2008 on 4:27 pm | In Business News | No Comments

NEW YORK (Reuters) - The U.S. dollar and global stocks moved higher on Thursday, spurred by a rebound in financial shares after a sharp two-day sell-off and optimism that declining commodity prices will ease inflation pressures.

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Dollar and U.S. stocks rise

Battling BHP and Rio to post record profits

August 14, 2008 on 2:13 pm | In Business News | No Comments

SYDNEY (Reuters) - Mining giants BHP Billiton and Rio Tinto should post record half-year profits as they reap the benefits of an industrial commodities boom, and are likely to use the results to bolster their arguments in a $123 billion (66 billion pound) takeover stand-off.

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Battling BHP and Rio to post record profits

Ryanair clamps down on internet “ticket touts”

August 14, 2008 on 1:49 pm | In Business News | No Comments

DUBLIN (Reuters) - Irish budget airline Ryanair on Thursday defended a policy of cancelling bookings made via third-party websites, saying it hopes to eliminate a practice that affects about a thousand bookings a day.

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Ryanair clamps down on internet “ticket touts”

Russian court bans TNK-BP CEO from work

August 14, 2008 on 12:35 pm | In Business News | No Comments

MOSCOW/LONDON (Reuters) - A Moscow court has banned oil firm TNK-BP’s chief executive, Robert Dudley, from holding office in Russia for two years, BP said on Thursday.

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Russian court bans TNK-BP CEO from work

FTSE ends up as commodities rally

August 14, 2008 on 12:23 pm | In Business News | No Comments

LONDON (Reuters) - The top share index ended up 0.9 percent in a choppy session on Thursday as firmer metal and crude prices lifted commodity stocks, though Rolls-Royce fell on negative broker notes.

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FTSE ends up as commodities rally

Factory pay subdued as inflation surges

August 14, 2008 on 11:05 am | In Business News | No Comments

LONDON (Reuters) - Pay deals at factories held steady in the three months to July even though inflation accelerated to its fastest pace since the early 1990s, a survey showed on Thursday.

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Factory pay subdued as inflation surges

Euro zone economy shrinks for first time

August 14, 2008 on 10:23 am | In Business News | No Comments

BRUSSELS (Reuters) - The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies and raising the risk of a technical recession.

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Euro zone economy shrinks for first time

TUI second-quarter profits up sixfold

August 14, 2008 on 9:20 am | In Business News | No Comments

LONDON/FRANKFURT (Reuters) - Germany’s TUI beat expectations with a sixfold rise in earnings in the second quarter as margins rose in its container shipping business, which it is selling, while consumer demand for holidays held up in the face of an economic downturn.

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TUI second-quarter profits up sixfold

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