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Saturday, 12 July 2008

BBC News

Financial Times

  • Frontline could move on OSGThe world's largest oil tanker operator could be set to grow further after it said it might make a multibillion-dollar bid for one of its largest rivals.
  • FedEx in talks to buy Dutch rival TNTFedEx is in preliminary talks to acquire TNT, its smaller Dutch rival, in a deal that would bolster the package-delivery company's parcel network in Europe.

Reuters News

  • UAL sees second quarter charges near $2.7 billionCHICAGO (Reuters) - UAL Corp , parent of United Airlines, said on Friday it plans to take $2.6 billion to $2.7 billion in charges against second-quarter earnings, due to record-high fuel prices and the company's reduced market capitalization.

Daily Record

Belfast Telegraph

Liverpool Echo

London Evening Standard

The Press and Journal (Aberdeen)

Carlisle News & Star

  • Talks plan to revive airport bidCRISIS talks will take place on Monday after it emerged that the Stobart Group could pull out of Cumbria by Christmas if plans to develop Carlisle Airport continue to stall.

Washington Post

  • Toyota will start making Prius hybrid in US DETROIT -- Toyota Motor Corp., the seemingly unstoppable juggernaut that saw its U.S. sales double in the last decade, has come back down to earth. Stung by rare double-digit sales declines and burdened by a growing inventory of slow-selling pickups, Toyota said Thursday it will start producing the Prius hybrid in the U.S. and will shut down truck and SUV production to meet changing consumer demands.
  • Oil-hit planemakers brace as biggest air show looms LONDON (Reuters) - The world's biggest air show opens in Farnborough near London next week with jetliner manufacturers facing a drop in orders due to high oil prices and global defense firms bracing for slower spending growth.
  • Study: As gas prices go up, auto deaths drop WASHINGTON -- High gas prices could turn out to be a lifesaver for some drivers. The authors of a new study say gas prices are causing driving declines that could result in a third fewer auto deaths annually, with the most dramatic drop likely to be among teen drivers.

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