Airbus announced that they will be able to finance the development of their new A350 XWB wide-body aircraft without any government subsidies. The United States government had been preparing to file a suit against Airbus in the World Trade Organizati...
Hong Kong had planned on introducing a sales tax of 5% on good and services, and an extensive television and print ad campaign tried to convince Hong Kong citizens that such a tax would help their economy, but the administration is dropping the plan...
In its 103-year history, Ford Motor Company has never needed to pledge its plants, equipment, or other property as collateral to secure loans, but they're doing it now. As they slipped to the number four position in the US auto market, they announce...
The chairman of Indian telecommunications company Bharti Enterprises has announced a joint venture with Wal-Mart that will let the American superstore chain open hundreds of Wal-mart stores in India over the next five years. Large retailers such as...
It's also been a big week for more attempted airline buyouts. Air France-KLM, the result of a 2004 merger between two French and Dutch airlines into Europe's biggest airline, has begun talks to buy Alitalia, which is half owned by the Italian govern...
The newspaper industry has worried about increasing competition from internet companies for classified advertising, or local advertising by individual people for jobs and items for sale. A group of seven US newspaper chains representing 176 daily ne...
Influential economist Milton Friedman died at the age of 94 last week. The 1976 Nobel Prize winner's belief in free markets influenced the policies of Britain's Margaret Thatcher, Chile's Augusto Pinochet, and US presidents Richard Nixon, Gerald For...
Management changes at Volkswagen have led to rumors of a potential takeover by Porsche, another German carmaker. The company's supervisory board forced out CEO Bernd Pischetsrieder recently, and Wolfgang Bernhard, the head of the VW brand, has just...
Several days after long lines of people waited for hours in Japan to try to get one of the few Sony PlayStation 3 game machines being released to each store, the same thing happened in the United States. After being sold for 500 to 600 dollars aroun...
Russian and Chinese representatives signed 17 agreements covering energy, scientific cooperation, mining, car assembly, and more. Russia will build two natural gas pipelines to China and, to bring oil to northeast China, they will add a new branch t...