Financial news on May 31, 2008
Business and Financial news
New technology has made it possible, using tiny cameras, to gather details about people looking at billboard ads, such as their age or gender. Read more..
The Ford Motor Company, struggling with tumbling sales of its bigger vehicles, revealed plans to build its new subcompact car, the Fiesta, at a Mexican factory. Read more..
French judges have filed preliminary charges against Noël Forgeard as they investigate stock sales executed ahead of the announcement of major delays in building the A380 superjumbo. Read more..
Mr. Shattuck was the last president of the company that owned Schrafft’s restaurants, a New York City-based chain that offered home-style food in genteel surroundings. Read more..
Silverjet, the business-class-only airline, on Friday became the third such carrier to cease operations in the last six months, unable to cope with rising fuel costs or to attract new financing. Read more..
The oil company BP rejected demands from a group of Russian billionaires to fire the head of the lucrative TNK-BP natural gas venture, deepening a confrontation between shareholders. Read more..
The two companies told their employees on Friday that they would not reach a merger agreement with another airline for the time being, and said they were evaluating further steps. Read more..