May 1, 2012
Acting LIAT CEO resigns
The acting CEO of LIAT Airline, Brian Challenger, has resigned. Challenger will spend his last day on the job on June 30. LIAT’s chairman, Jean Holder, says Challenger has made an important contribution to the airline during a difficult period.…
May 1, 2012
Delta Airlines to Produce Its Own Jet Fuel
U.S.-based Delta Airlines will soon be the world's first air carrier to produce its own jet fuel. Delta announced Monday it is buying a struggling oil refinery near Philadelphia from the Phillips 66 oil company for $150 million. The refinery has…
April 30, 2012
Labour market ‘alarming’
The International Labour Organization has warned that the global employment situation is "alarming" and unlikely to improve soon. The agency said that austerity measures, especially in advanced economies, were hurting job creation. That comes as…
April 30, 2012
Ford earnings fall amid Europe’s economic weakness
US carmaker Ford has reported lower quarterly profits following weak sales in Europe and higher tax charges. Ford, the second-largest US carmaker, said first quarter net income was $1.4bn (£862m), down from $2.6bn for the same quarter last year.…
April 30, 2012
Google staff ‘knew of wi-fi snooping’, report says
The Google engineer who wrote a program that collected personal data from wi-fi networks told at least two other colleagues, a report has revealed. Google released the full investigation conducted by the US Federal Communications Commission (FCC).…
April 30, 2012
Spain in Recession
Spain's economy has slumped into a recession. Spain's National Statistics Institute data showed Monday that the country's economy shrank 0.3 percent in the first quarter of 2012, after a similar contraction in the final three months of last year.…
April 25, 2012
Apple doubles quarterly profits to $11.6bn (£7.2bn)
Apple has reported its profits almost doubled in the first three months of the year. Apple said its net profit came in at $11.6bn (£7.2bn), up from $6bn in the same period last year and much better than had been expected. The technology giant sold…
April 25, 2012
Government hits annual borrowing target
The UK government borrowed more than expected in March, official figures have shown, but still met its borrowing target for the year. Public sector net borrowing, excluding interventions such as bank bail-outs, came in at £18.2bn in March, the…
April 25, 2012
BP oil spill: First criminal charges filed in US
The US justice department has filed the first criminal charges linked to the Deepwater Horizon oil spill. A former BP engineer was arrested on charges of intentionally destroying evidence. Kurt Mix of Katy, Texas, faces two counts of obstruction of…
April 25, 2012
Google Drive to offer free storage in the cloud
Google has launched a new consumer service offering up to 16TB (terabytes) of storage for photos and other online content. Dubbed Google Drive, the service goes head to head with rival cloud services such as Dropbox and Microsoft's SkyDrive. It…