US anti-trust regulators filed a lawsuit against US Airways and American Airlines' USD11 billion merger saying that the deal would only result to higher air fares, service reduction and a strangled competition in the industry.
North America
Lupin Ltd set to expand its portfolio
Lupin Ltd is set to expand its portfolio through strategic acquisitions and new product lines. Lupin Ltd, the pharmaceutical firm, is in the process of expanding its branded portfolio through the launch of pharmaceutical products.
U.S. jobless data supports reduction of Fed bond buying
A number of Americans filing jobless claims fell to a near six-year low last week following the increase in consumer prices last July.
Column: Bezos needs to relaunch a business model
It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.
U.S. securities regulator bars Conrad Black from U.S. directorships
Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
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Experts said Al Jazeera America needs to define its mission to be able to succeed with its American audience.
Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.
Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.
US Airways and American Airlines promised to fight the antitrust lawsuit filed by the US Department of Justice, of which halted the airline companies' USD 11 billion merger.
The US government acknowledged the existence of the aviation test site Area 51 after decades of utmost secrecy about the place.
A Gotland District Court Judge ruled to convict an 18 year old male for sending a friend request in social networking site Facebook.
The Public Company Accounting Oversight Board gave a new proposal allowing auditors to give their commentary on "critical audit matters" in their audit reports.
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
