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Archive for April 9th, 2008American Airlines cancels over 1,000 flightsPosted by UK Economy News
In UK financial news
9Apr 08 American Airlines said Wednesday it had been forced to cancel over 1,000 scheduled flights because of tests the government required on wiring fitted to its fleet of MD-80 aircraft.
Read full story G7 eyes plan to avert new financial crisesPosted by UK Economy News
In UK financial news
9Apr 08 Group of Seven finance officials will consider a plan this week to require more openness in complex market investments in an effort to avert future crises, officials said Wednesday.
Read full story Comments Off Oil hits new record on sliding US inventoriesPosted by UK Economy News
In UK financial news
9Apr 08 Oil prices soared to new record highs Wednesday on news of an unexpectedly sharp drop in US energy inventories and a further decline in the value of the dollar.
Read full story Comments Off Manitowoc says approached Enodis about offerPosted by UK Economy News
In UK financial news
9Apr 08 EADS head Gallois defends firm over trading probePosted by UK Economy News
In UK financial news
9Apr 08 EADS Chief Executive Louis Gallois defended the European aerospace group's financial transparency in a newspaper interview, after French regulators said they had found evidence of insider trading at EADS.
Read full story Comments Off American cancels 1,000 flights for inspectionsPosted by UK Economy News
In UK financial news
9Apr 08 American Airlines cancelled more than 1,000 flights, or nearly 45 percent of its daily schedule, on Wednesday, stranding thousands of passengers and creating chaos at the busiest U.S. airports as it conducted safety inspections of its MD-80 aircraft.
Read full story Comments Off Dollar gives way to euro on IMF surveyPosted by UK Economy News
In UK financial news
9Apr 08 The dollar fell against the euro here Wednesday after the International Monetary Fund forecast that the US economy would fall into a "mild recession" this year, increasing the likelihood of a cut in US interest rates.
Read full story Comments Off Baugur to focus on stakes in listed companiesPosted by UK Economy News
In UK financial news
9Apr 08 Icelandic investor Baugur Group will focus on building stakes in listed companies in the United States and Britain with its 1.5 billion pound war chest, its executive chairman said on Wednesday.
Read full story Comments Off Oil nears record high as US inventories fallPosted by UK Economy News
In UK financial news
9Apr 08 Oil jumped to more than $111 a barrel on Wednesday, within sight of a record high, after a U.S. government report showed a surprise drop in inventories in the world's top fuel consumer.
Read full story Comments Off TIMELINE: Boeing’s bumpy 787 programPosted by UK Economy News
In UK financial news
9Apr 08 Boeing announced the third major delay on its 787 Dreamliner on Wednesday, putting the revolutionary, carbon composite aircraft about 15 months behind its original schedule.
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