Archive for February, 2008

Joined Airlines to Begin Charging Customers to Check Second Bag

Joined Airlines will start bearing down domestic riders USD 25 to check over in
a second piece of baggage if they are non part of its
most-frequent-flier programs, the air hose said Monday.
The complaint will bring forth more than USD 100 000 000 in receipts and cost
nest egg each twelvemonth, the UAL Corp. Read more »

Heavy Fog Cancels Fights At Chicago’s Midway, O’Hare: Report

SAN FRANCISCO — Heavy fog off all flights at Chicago’s Midway International Airport scheduled up until 4 p.m. Mon, according to intelligence reports. The murk was besides responsible for about 300 off flights at O’Hare International Airport and non-cancelled flights existed experiencing an average 45-minute delay, agreeing to describe.

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Freescale Signs Agreement To Acquire SigmaTel Inc.

SAN FRANCISCO — Privately held chip shaper Freescale Semiconductor language an understanding to get SigmaTel Inc. for about USD 110 000 000, the societies said Monday. Under the understanding, Freescale will pay USD 3 a SigmaTel share. The companionships expect the business deal to shut in the second quarter.

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Comcast Increases Credit Facility To USD 7 Bln From USD 5 Bln

SAN FRANCISCO — Comcast Corp. stated Monday that it increased its credit installation to USD 7 000 000 000 from USD 5 000 000 000, and out the adulthood on the loanword commitments until Jan. 30, 2013, harmonizing to a Securities and Exchange Commission filing by the fellowship. Comcast stated there existed no prominent amounts under the installation as of Jan.

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Northern Rock Board Proposes Restructuring Plan

British capital — The plank of Northern Rock articulated Monday that it’s subjected a proposal of marriage for a standalone resolution for reconstituting the banking concern to U.K. regime. The proposal of marriage would combine a new fairness raising of at least 500 000 000 pounds, a diminution in plus and a shakeup of the bank’s trading operations.

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Virgin Submits Proposal For Northern Rock

British capital — A pool led by Richard Branson’s Virgin Group articulated Monday that it’s subjected a marriage proposal to refinance stricken mortgage loaner Northern Rock . Virgin and its partners emphasised they would set up a capital injectant of 1.25 000 000 000 pounds (USD 2.49 000 000 000), letting in 500 000 000 pounds in cash, the Virgin Money business organization — precious at 250 000 000 pounds — and a 500 000 000 pounds rights issue.

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Chrysler Temporarily Closing 4 Plants

SAN FRANCISCO — Automaker Chrysler informated Monday it temporarily closed four plants and cut a second shift at some other because of provider problems. The companionship said it shut temporarily the Belvidere Assembly Plant in Rockford, Ill., the Newark Assembly Plant in Newark, Del., the Sterling Heights Assembly Plant in Sterling Heights, Mich.

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PenWest Tumbles On Clinical Study For Nalbuphine

Hub of the Universe — Shares of PenWest Pharmaceuticals toppled 20% to USD 4.30 Monday morn after the society released assorted results for a Phase IIa clinical trial for its drug nalbuphine ER, an intervention for continuing pain. PenWest informated that although the drug did non meet the study’s primary end, it made meet assorted secondary aces.

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SEC, Justice Opens Probe Into SocGen Stock Sales: Report

SAN FRANCISCO — The Securities and Exchange Commission open an probe into stock gross revenue by a plank member of Societe Generale , The Wall Street Journal reported Monday on its Web site. The paper said the Department of Justice as well started an investigation into the banking company. Societe Generale is the French bank where scalawag trader Jerome Kerviel was allegedly responsible for a USD 7.

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Chawbacon Unveils On-demand Music Partnership With Rhapsody

SAN FRANCISCO - Yahoo Inc. proclaimed Monday that Rhapsody America will get the exclusive on-demand euphony service for the Internet site, replacement Yahoo! Euphony Unlimited. Rhapsody is the digital music service of RealNetworks and Viacom’s MTV Networks.

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