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The I>Columbia/Ispace shuttle disaster will present another challenge for Boeing Co as it struggles through an unprecedented downturn in commercial aviation that has sharply hurt its profitability.
South Korean regulators yesterday pressed for an investigation of shipping firm Hyundai Merchant Marine Co Ltd, sending new shockwaves through markets a day after prosecutors arrested 10 executives of conglomerate SK Group in a US$1.2bil accounting scandal.
THREE DAYS before Sept 11, 2001, Mohamed Atta, the man who piloted American Airlines flight 11 into the North Tower of the World Trade Centre (WTC) in New York, wired out a total of US$7,860 from two grocery stores in Maryland. On Sept 10, Marwan al-Shehri sent US$5,400 from a Greyhound bus terminal in Boston before he commandeered United Airlines flight 175 the next day, crashing it into the WTC South Tower. In both cases, the recipient of the funds was a terrorist support network based in the United Arab Emirates (UAE).
BRITAIN is key to YTL Power International Bhd#039;s quest to become a global infrastructure player by operating a network of regulated utilities, said its managing director, Tan Sri Francis Yeoh.
Dutch retailer Ahold NV aims to sell off all its Latin American operations to cut its debt pile after it was hit by an accounting scandal.
A culture of mismanagement and extravagance led to Australia's largest-ever corporate collapse, an independent inquiry said Wednesday in a report urging a thorough criminal investigation into former executives of HIH Ltd insurance company.