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LIGHT CONTEST WINNERS AWARDED
January 19, 2001 11:00 pm
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CALIFORNIA JOBLESS RATE DROPS
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  • Asian shares on edge as investors brace for Fed
    Asian shares fell to 10-week lows on Tuesday as investors braced for a possible hawkish shift in the Federal Reserve's policy stance in the lead-up to the U.S.
  • Wal-Mart spokesman resigns over false information in resume: Bloomberg
    Wal-Mart Stores Inc's Chief Spokesman David Tovar resigned after the company allegedly found that he had lied about his academic record in his resume, Bloomberg reported, citing a person familiar with ...
  • Airbus to sell business units in defense and space review
    BERLIN/PARIS (Reuters) - Airbus Group unveiled plans on Tuesday to sell half a dozen business units with combined revenues of around two billion euros as it focuses its Defence and Space division on warplanes, missiles, launchers and satellites. Announcing the results of a portfolio review, Europe's largest aerospace group signalled a break with previous efforts to diversify into security activities and a halt to investment in defence electronics, in which it lacks the scale of rivals. It said it would sell its Professional Mobile Radio secure communications assets and confirmed plans to sell a 49-percent stake in submarine supplier Atlas Elektronik, unwinding two efforts at diversification it had embarked on nine years ago. The move comes weeks after a reorganisation of space launcher activities jointly with France's Safran (SAF.PA) and leaves Airbus Group's share of the Eurofighter and MBDA missile consortia, as well its own A400M airlifter, at the centre of a non-jetliner portfolio focused on aeronautics and space.

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