The Artesian Blog takes a look at the business headlines. For personalised daily news, contact Artesian
Yahoo! and Microsoft to seal deal to rival Google - Microsoft and Yahoo! have finally agreed an online search and advertising partnership in a bid to rival Google.
The revenue sharing deal is expected to be announced later today, more than a year after Yahoo! rejected a $47.5 million takeover bid from Microsoft and Yahoo!'s attempt to seal a search advertising deal with Google fell apart under regulatory scrutiny. (full story)
Peugeot Citroen plunges into loss - France's biggest carmaker, PSA Peugeot Citroen, has reported a six-month loss after its sales fell by more than a fifth compared with a year earlier.
The firm made a net loss of 962m euros ($1.4bn; £830m) between January and June, compared with a profit of 733m euros for the same period in 2008. (full story)
£1bn scheme to create 'soft jobs' - A billion pounds is to be spent on creating tens of thousands of "soft" public sector jobs for unemployed people including dance assistants, tourism ambassadors and solar panel engineers.
The taxpayer-funded jobs are being created by councils, quangos and charities under a Government scheme to remove 150,000 people from the unemployment register over the next two years. (full story)
American Air seeks alliance with BA - American Airlines expects to win U.S. approval by October to form an alliance with British Airways (BAY.L) and Spain's Iberia (IBLA.MC), and it is pinning its hopes on intra-alliance competition and global partnerships to help it survive, an executive said on Wednesday.
American Airlines parent AMR (AMR.N), British Airways, Europe's third-largest carrier by revenue, and Iberia have applied for U.S. government antitrust immunity to form a trans-atlantic alliance to work together on fares, schedules and cost cutting. (full story)
Manufacturers to get £150 million boost - A £150 million package is being launched today to help manufacturers take advantage of emerging technologies.
Adam Marshall, director of policy at the British Chambers of Commerce, says: ‘The government’s investment is a welcome boost for new technologies, particularly in aerospace, where the UK has a competitive advantage.’ (full story)
1 comments:
That is quite a list, thanks for that. It certainly will be interesting to see what the future holds. Must only be a matter of time before a response from Google heads our way!
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