Japan Airlines to slash 15,700 jobs as part of its bankruptcy protection deal January 19, 2010 JAPAN Airlines Corporation filed for bankruptcy protection yesterday owing more than $25bn (£15.2 bn), and vowed to slash 15,700 jobs in an effort to survive in an industry hit by volatile fuel costs and financially-pressed flyers. JAL, Asia’s largest airline by revenues, will remain in the skies thanks to nearly £6.7bn in support from a [...]
Miners lend muscle to FTSE as banks shake off US blues January 18, 2010 BRITAIN’S leading share index took on 0.7 per cent yesterday, as heavyweight mining issues rallied with firmer metal prices, while banks moved higher awaiting further earnings news from US peers. At the close, the FTSE 100 index was 39.02 points higher at 5,494.39, albeit in subdued trade with US markets closed for Martin Luther King [...]
JAL files for bankruptcy and begins to restructure January 18, 2010 ASIA’S largest airline by revenues, Japan Airlines, is expected to file for bankruptcy this week as part of a restructuring crafted by a state-backed turnaround fund. Some analysts think a bankruptcy filing would make it easy for Japan Airlines to abandon its deal with AMR, the holding company for American Airlines, in favour of membership [...]
Sky vows to fight plans to force it to wholesale premium content to rivals January 17, 2010 SKY yesterday vowed to fight “through every avenue possible” attempts to force it to sell its premium channels to rivals at regulated prices. Media regulator Ofcom is meeting tomorrow to discuss plans to make Sky wholesale its movies and sports channels to competitors like Virgin and BT Vision. It will give a final decision in [...]
Embark on an unforgettable winter journey January 17, 2010 SITTING under a palm tree on an idyllic beach starts to sound almost pedestrian when you consider what adventures lie in store for those willing to embrace snow and ice. It’s cold, but winter brings some of the most beautiful landscapes and thrilling activities on earth – from dog sledding in the Arctic Circle to [...]
Gunners can spoil the Coyle family reunion January 14, 2010 BOLTON WANDERERS vs ARSENAL SUNDAY – 4.00PM SKY SPORTS 1 OWEN Coyle couldn’t really ask for a more difficult first game in charge at the Reebok as Arsenal come to town hoping to close the gap on Chelsea and Manchester United. Bolton are currently in the relegation zone and the main reason for that is [...]
Bankruptcy looms for Japan Airlines January 12, 2010 FEARS that Japan Airlines is heading for bankruptcy continued to grow yesterday, with shares tumbling by 45 per cent to a new all-time low despite an increased offer of investment from its Oneworld alliance partners. The airlines, led by American Airlines and including British Airways, have upped their offer of investment in the struggling carrier [...]
A BABY RAY OF LIGHT PENETRATES THROUGH SNOWY SKIES OF GLOOM January 10, 2010 GLOOM, gloom and more gloom settles over us because of that dratted snow – dwindling grit supplies, an acute gas shortage, train cancellations, firms left in the lurch by snowed-in staff, the spiralling economic cost for small businesses… the list goes on and on. But there is hope on the horizon, according to a frisky [...]
Retail is a sell as customers desert the UK’s high streets January 10, 2010 THE BRITS lived up to their reputation as a nation of spenders and splashed their cash with abandon over the festive period. Major retailers swept up and some, like fashion chain Ted Baker, saw sales rise 20 per cent in the latter part of 2009. John Lewis, Next, Marks & Spencer and J Sainsbury also [...]
Cooking up an idyllic holiday January 10, 2010 THERE’S no getting away from the fact that it takes a long time to get to the Cook Islands. Located between Samoa, Fiji and Tahiti, they are as remote as it gets. The flight from London is over 20 hours. However, they are a perfect stop-over to stretch your legs on the way to Australasia [...]