Ryanair seeks to meet Aer Lingus shareholders | Deals | Reuters
DUBLIN (Reuters) - Ryanair said Tuesday it was seeking to meet with Aer Lingus shareholders after the board of its Irish rival rejected a new 750 million euro (45.6 million) bid by Europe's biggest budget airline. Ryanair, which has already bought 29.82 percent of Aer Lingus shares at an average 2.49 euros, Monday made its all-cash offer at 1.40 euros per share, representing a 28 percent ...
Creditor banks take 54 percent stake in Metrovacesa | Deals | Reuters
MADRID (Reuters) - Banks that lent money to the core shareholders of Spanish property firm Metrovacesa (MVC.MC: Quote, Profile, Research, Stock Buzz) have taken a 54 percent stake in the company in exchange for debt, the Sanahuja family said in a statement on Tuesday. The Sanahuja family had used its 80 percent stake in Metrovacesa as collateral for loans. Trading in the shares of Metrovacesa ...
Sears suffers 3Q loss on weak US Kmart sales - Yahoo! News
US consumer confidence sees rebound from record low AFP/Getty Images/File - Shoppers look for bargains at a Kmart store on November 17, 2008 in New York City. US consumer confidence ... CHICAGO - Hefty charges and poor results at its U.S. stores led Sears Holdings Corp. to post a bigger-than-expected loss for the third quarter on Tuesday, and the struggling retailer withdrew its operating profit ...
The Associated Press: Tour officials ho-hum about Armstrong's return
By JAMEY KEATEN - 4 hours ago, PARIS (AP) -- Tour de France officials responded with a Gallic shrug Tuesday after Lance Armstrong announced he will ride in cycling's premier event next year. The seven-time Tour champion, who is currently training with his Astana team in Tenerife, Spain, confirmed Monday his ambitious plan to return to the Tour just weeks after riding in his first Giro ...
The Associated Press: The Nation's Weather
By WEATHER UNDERGROUND - 3 hours ago, Two winter storm systems packing snow and strong winds were colliding over the Rocky Mountains early Tuesday, while the South and West Coast were forecast to stay dry and calm. The Rockies were to be hit with a one-two punch -- a storm moving southeastward from the Pacific Northwest and another dropping in from the Canadian Rockies. Together, they were ...
The Associated Press: EU members ready to embrace public spending plan
By ROBERT WIELAARD - 4 hours ago, EU governments agreed Tuesday to more than double a crisis fund to help EU member states in financial trouble, from euro12 billion to euro25 billion. They said the international economic situation justified a higher limit for loans to the 11 of the EU's 27 nations that don't use the euro. They dipped into the fund last month to give Hungary a euro6.5 ...
Markets Rebound at Open - FOXBusiness.com
The markets rose modestly at Tuesday's opening bell, managing a rebound from one of the Dow's worst days ever despite continued uncertainty surrounding the fate of Detroit's Big Three automakers. As of 9:32 a.m. EDT, the Dow Jones Industrial Average rose 78.29 points, or 0.92%, to 8222.52, the S&P 500 gained 10.73 points, or 1.31%, to 826.04 and the Nasdaq Composite fell picked up ...
The Press Association: Protests as chief stays on full pay
The council executive ousted over failings exposed by the Baby P tragedy should not remain on full pay, senior opposition MPs said. Sharon Shoesmith, director of children's services at Haringey Council in north London, was removed from her post by the Government on Monday after a damning report into her department's shortcomings. But the local authority has so far only suspended her on ...
The Press Association: Wetherspoon offers 200 new jobs
Pubs chain JD Wetherspoon said 200 jobs had been created after it invested 5 million in opening five new pubs. The outlets at Minehead, Bodmin, Doncaster, Oldham and Sutton are due to open at the end of next week. They take the company's UK estate to 713 outlets. Chief executive John Hutson said the chain's tally of new openings since early August now stood at 20. He added: "It ...
J.K. Rowling back in stores with charity book | Entertainment | Reuters
By Mike Collett-White, LONDON (Reuters) - A new book by British author J.K. Rowling, her unofficial farewell to the adventures of boy wizard Harry Potter which made her the world's wealthiest writer, goes on sale on Thursday. Proceeds from "The Tales of Beedle the Bard," expected to become an international bestseller even though the seven-book Potter series is over, will go to a ...
Michelin awards first Chinese chef coveted 3 stars - Yahoo! News
By James Pomfret James Pomfret - Tue Dec 2, 5:52 am ET, Chan Yan-tak, chief chef of Lung King Heen, poses with a cutout of Bibendum or Reuters - Chan Yan-tak, chief chef of Lung King Heen, poses with a cutout of Bibendum or the Michelin Man mascot, ... HONG KONG (Reuters Life!) - Michelin on Tuesday awarded its top three-star accolade to a Chinese chef for the first time in the celebrated ...
AFP: Chinese yuan falls sharply ahead of US talks
The fall in the yuan's value on Monday came just before the United States and China hold high level economic talks SHANGHAI (AFP) -- The yuan's sudden fall may signal a policy shift to prop up exports during the financial crisis, experts said Tuesday, a day after the biggest one-day decline since it was depegged from the dollar. The fall in the yuan's value on Monday came just ...
AFP: Swedish government 'rules out takeover of Volvo Cars'
Swedish government 'rules out takeover of Volvo Cars' STOCKHOLM (AFP) -- The Swedish government has ruled out a takeover of the country's beleaguered automaker Volvo Cars if its owner, US group Ford, decides to sell it, daily Dagens Nyheter reported on Tuesday. "It's not in our industrial policy to own carmakers and we will not jeopardise taxpayers' money," ...
Analysis: Mumbai fallout could destabilize region - CNN.com
By CNN's Reza Sayah, (CNN) -- With the shadow of extremism reaching beyond the borders of Pakistan and India, analysts say the stakes -- as the nuclear-armed rivals try to hang on to an uneasy peace -- are higher than ever in the wake of the Mumbai attacks. But, with world leaders urging restraint on both sides, fearing a return to the conflict and stand-offs that have defined 60 years of ...
Report: Mass media harms kids - USATODAY.com
By Liz Szabo, USA TODAY, Limit screen time to one to two hours a day. Consider ditching cable or TV altogether. Learn about new media, such as text-messaging or social-networking websites, and how your children are using them. Don't rely on the ratings for video games. Instead, watch or play the games yourself. Don't allow children to have computers, TVs or other media in their ...
Sears Holdings Swings To Loss On 8.3% Lower Sales - FOXBusiness.com
TEL AVIV -- Sears Holdings Corp., the Hoffmann Estates, Ill., parent of Sears and Kmart stores, swung to a third-quarter net loss from a year-earlier profit on 8.3% lower total sales and 9% lower domestic same-store sales. The company also added 00 million to its share-buyback authorization, bringing the total available to 72 million. For the quarter ended Nov. 1, the loss was 46 million, or .16 ...