16 May 2005 12:41 PM

America West Airlines and US Airways Group Inc. started the talks with Airbus SAS, hedge fund Par Capital Management Inc. and Air Canada’s parent Ace Aviation Holdings Inc. on providing a loan for a merger of the two

16 May 2005 10:59 AM

MCI Inc. CEO Michael Capellas is determined to get up defensive weapons against some shareholders that planned to vote against him in today’s annual meeting.

16 May 2005 10:01 AM

The UK’s second-biggest bookmaker William Hill Plc agreed to buy about 624 betting offices of its rival Stanley Leisure Plc in a race to overtake Ladbrokes, the nation’s industry leader.

16 May 2005 09:40 AM

The world’s second-largest oil producer Russia said it postponed its plans to merge its two biggest oil and gas companies creating the biggest state-backed oil firm. Rosneft that acquired YUKOS’s main oil subsidiary Yuganskneftegaz will remain independent.

16 May 2005 06:06 AM

On Tuesday, a court allowed United Airlines to hand over responsibility for its pension plans to the government. Those plans have a deficit of nearly $10 billion. United workers and retirees with bigger pensions will suffer, because there is a limit on what the government will pay to each of them. But even after the government will have deprived $3 billion out of United Airlines beneficiaries, there will be more than $6 billion remain on its shoulders.

16 May 2005 06:03 AM

Moody’s Investors Service, one of the prominent US credit ratings agencies, has downgraded Ford Motor Co.’s debt to the lowest investment grade Baa3, down two notches from its previous rating Baa1. Moody’s that has not changed Ford’s rating since 2002 gave the company’s bonds a negative outlook. The

13 May 2005 08:31 AM

Italian energy company Edison SpA agreed to be bought by the world’s largest power company Electricite de France SA and Italian utility Aem SpA for 7.28 billion euros ($9.2 billion).

13 May 2005 05:59 AM

Dell, the world’s largest personal-computer maker, reported on Thursday that its fiscal first-quarter income rocketed 28%.

12 May 2005 01:16 PM

About 150 American flight attendants lobbied members of Congress Wednesday at the Capitol, demanding support for pension reform legislation supported by all three of American's unions and by American's management.

12 May 2005 11:34 AM

The board of Blockbuster, company with the market capitalization of $1.9 billion, allowed dissident Carl Icahn to take seat in the company’s board despite the fierce opposition from Blockbuster’s Chairman and CEO John Antioco.

12 May 2005 08:13 AM

Wal-Mart Stores, the world’s largest retailer, reported on Thursday that its first-quarter profit rose more than 13%. Profit climbed to $2.46 billion, or 58 cents a share, from $2.17 billion, 50 cents, in the previous year. Excluding some

11 May 2005 09:27 AM

Merrill Lynch & Co. is still hesitating whether it will pay legal fees for four of its executives that steered the company to the scandal.

11 May 2005 08:15 AM

Former chief financial officer of Tyco International Mark H. Swartz started testifying on Tuesday as to whether he told then senior vice president of finance that a multimillion-dollar fee to then-director Frank Walsh should be disclosed in the company’s proxy, according to the Wall Street Journal.

11 May 2005 08:14 AM

United Airlines parent UAL Corp. is heading to the largest in the US history pension default on the decision of a bankruptcy judge to approve a proposal from the company to transfer four underfunded employee pension plans to the federal government.

11 May 2005 07:33 AM

Cisco Systems reported on Tuesday that its fiscal third-quarter profit rose 16%. Profit rose to $1.41 billion, or 21 cents a share, from $1.21 billion, or 17 cents a share, in the previous year. Excluding some items profit rose to 23 cents a share. Analysts were expecting EPS of 22 cents per share.