31 May 2005 07:02 AM

Meshchansky court in Moscow sentenced Mikhail Khodorkovsky and Platon Lebedev to nine years in jail.

24 May 2005 08:42 AM

Vodafone Group Plc, Newbury, England- based cell phone company, has promised to repurchase 4.5 billion pounds ($8.2 billion) of shares and raised its dividend almost twice.

24 May 2005 08:41 AM

Scottish Power Plc, British energy provider has announced plans to divest of its utility unit PacifiCorp that operates in the U.S. Northwest. Scottish Power Plc will get rid of the largest utility provider in the region by selling it to Warren Buffett’s MidAmerican Energy Co. as the unit failed analysts’ expectations in terms of profit.

20 May 2005 10:54 AM

Russia is taking several steps to regain some potential investors in the aftermath of the Khodorkovsky trial and mounting skepticism from the leading countries as to the ability of President Vladimir Putin to prove the world that Russia is a democratic country.

20 May 2005 09:19 AM

Ripplewood LLC, Goldman Sachs Group Inc.’s GS Capital Partners and J Rothschild Group will purchase Maytag Corp. for about $1.13 billion. The acquisition will take place at the price of $14 a share, at a 21% premium

20 May 2005 09:17 AM

US Airways, the US seventh-largest airline, is merging with the nation’s No.8 America West, creating the sixth-biggest carrier that is expected to meet the competition with low-cost airline companies. The

19 May 2005 10:56 AM

A merger agreement between US Airways Group Inc. and America West Holdings Corp. will be announced as early as today after a day-long talks to finalize the deal.

18 May 2005 02:11 PM

The rate of replaced chief executives in the companies all over the world grew to the record highs in 2004, a Booz Allen survey showed.

18 May 2005 02:01 PM

Royal Dutch Shell Group announced its determination to invest $600 million into developing an onshore gas field in China with PetroChina Co. that features the leadership foreign investment in the Chinese’s natural-gas sector.

18 May 2005 01:24 PM

Hewlett-Packard Co. reported the best-ever quarterly revenue for the first time since the ouster of Carly Fiorina who was replaced by Mark Hurd. Hurd said there still is the “room for improvement.”

18 May 2005 12:17 PM

Beijing Capital Group has an option to raise $700 million selling a stake before planned going public in the first half of 2006. The company is planning several infrastructure projects ahead of the 2008 Olympics.

17 May 2005 05:41 PM

UAL Corp., parent of bankrupt United Airlines, has reached a tentative agreement with mechanics’ union in a struggle for saving costs for the carrier that filed for Chapter 11 protection. "This agreement consensually achieves the cost savings United needs, while addressing AMFA’s concerns over pay, job security, benefits, and work rules," United said in a statement. The

17 May 2005 12:51 PM

General Motors and Ford that faced credit downgrade recently will see no impact on collateralised debt obligations (CDOs), according to the Fitch ratings agency report released Monday.

17 May 2005 12:17 PM

On Tueaday, Vivendi Universal SA, France’s second- largest telephone-service provider, filed a lawsuit in a Paris court against Deutsche Telekom AG seeking as much as $2.8 billion in damages from the latter.

17 May 2005 08:41 AM

The defense team of Mikhail Khodorkovsky, Russia’s once richest man and owner of oil giant YUKOS, is not very optimistic about the verdict after the Moscow’s Meshchansky District court Judge started delivering the verdict in hearings over the case of Mikhail Khodorkovsky and his partner Platon Lebedev, in a vocable case that attracted attention of international organizations and leading countries.