Italian Prime Minister Romano Prodi said in a newspaper interview he harbors many doubts about a possible tie-up between Air France KLM and Italian carrier Alitalia.
Delta Air Lines is trying to rally support from creditors to help fend off a takeover bid by US Airways, according to a newspaper report on Friday.
Delta Chief Executive Gerald Grinstein and other executives have held a series of conference calls with creditors to sift through terms of US Airways’ offer, pressing creditors to back Delta’s restructuring plan, the Wall Street Journal reported on its web site.
Mexican officials said last week the country will sell its 48 percent stake in airport operator Grupo Aeroportuario del Centro Norte via a global initial public offering that could rise up to $345 million.
The sale will end the privatization of the operator of 13 airports in northern and central Mexico, including the one serving Monterrey, the country’s third-largest city.
Cap Cana, a tourism enterprise under the umbrella of the Abrisa Group, announced that it will be issuing corporate bonds in foreign markets for a value of $250 million, on the basis of 7-year terms and an annual interest rate at 9.6 percent.
Cap Cana President Ricardo Hazoury said in the press conference that never before had a Dominican business enterprise obtained international financing at a rate lower than 10.8 percent.
Search engine marketing firm Spannerworks has been hired by TUI UK for search engine optimization and pay per click campaigns.
According to an official release, Spannerworks is providing TUI UK with specialist SEO consultancy for Thomson.co.uk, which acts as a portal for the group’s various holiday businesses. The consultancy will help TUI UK overcome difficulties associated with applying a successful search strategy to such a large and complex site.
Prime Minister of St. Kitts and Nevis, and Chairman of CARICOM, Denzil Douglas has, once again, come out in support of regional integration, describing it as the way forward for sustainable economic development within the Caribbean.
“I am of the view that the future of the Caribbean has to be grounded in its ability to effectively integrate in such a manner as to affect workable strategies that inform our foreign affairs and trade policies, and overall development strategies in an increasingly competitive world,” he said.




