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Tourism sector losses mount
More than 1m workers in the US hospitality industry could lose their jobs within weeks, the US Chamber of Commerce has warned, and the industry's troubles extend far beyond New York. | Read | |
Swissair shares rise 10% as 3,000 jobs cut
Swissair, Switzerland's struggling national airline , is to cut its long-haul fleet by a quarter and merge its short haul operations with Crossair, its low-cost sister company, in a bid to stave off bankruptcy. | Read | |
SIA may come to regret its global strategy
Just four months ago, Cheong Choong Kong, Singapore Airlines chief executive, joked that the carrier must be one of the few companies that rejoiced at a reduction in its net cash position. | Read | |
Unilever cautious on short-term outlook
Unilever said that the attacks on the US would indirectly affect the performance of at least two of its businesses, contributing to a more cautious short-term trading outlook. | Read | |
Instinet says earnings will be lower
Instinet, the agency brokerage, warned that earnings and revenues for the current quarter will be lower than expected due to the destruction of the World Trade Center and worse- than-expected US equity share volumes. | Read | |
European airlines wary of $15bn US aid package
Concern is growing among European airlines that their North Atlantic operations could be undermined by unfair competition from US carriers that will benefit from a $15bn bail-out package signed by President George W. Bush. | Read | |
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