Air Seychelles announced its record growth of its international business, thanks to its popular Abu Dhabi route.
Corporations
BHS faces rumors about foreign buyouts
British Home Stores (BHS) faced rumors about foreign companies trying to convince Sir Philip Green to sell the troubled department store chain.
Deutsche Telekom acquires GTS from private equity companies
Deutsche Telekom would be buying GTS Central Europe from private equity firms in a EUR 546 million transaction.
Department of Transportation imposes USD1.2 million fine on US Airways over disabilities services
US Department of Transportation found that US Airways Group was guilty of not providing standard disability services to its passengers.
Reduction of airport slots key to address antitrust claim levied against AMR-US Airways merger
US Justice Department's condition to AMR Corp and US Airways to lift the former's lawsuit could further delay merger plans.
Latest News
As the process to close the Fiat-Chrysler merger ongoing, automotive news site Autocar observed that Fiat had stopped its development plans on its Alfa Romeo vehicle series.
Prefundia's crowdfunding platform would now be accepting project proposals from the public. According to a report by tech news site Techcrunch, crowdfunding platform Prefundia was now opening its doors to the public after three months in beta.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
New broadcasting firm BT acquired exclusive rights to broadcast UEFA football games. BT had scored a coup in the multibillion pound sports broadcasting market.
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
Since the Facebook bungle, Nasdaq had been hard pressed to recover to list more tech IPO stocks in its fold.
Market acceptance at an IPO lull period is the message Twitter sent to all fellow start ups. The initial public offer of Twitter had sent a powerful signal to technology executives reviewing market floats of Silicon Valley startups.
Assam Chief Minister Tarun Gogoi, in a press conference, discussed the construction of a cancer and surgical cleft center in his state with the help of private entities.
Cargill India to construct industrial factories located in Punjab. Cargill, the agriculture firm, announced recently the preparedness in constructing INR 100 crore ultra modern feed plant located int he Malwa belt in Punjab.
