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United Airlines offers flight attendants $100,000 in voluntary buyout NEW YORK: United Airlines and union officials said Monday that eligible flight attendants will be paid up to $100,000 to leave the company through a voluntary buyout, in a deal that aims to end furloughs at the over-staffed airline. The agreement comes six years after United, which employs more than 23,000 stewards, retired a number of its planes, leaving the company 2,000-plus flight attendants above capacity. While some 1,450 were still on unpaid leave for the company this month, United said Monday that it now is recalling all of its attendants so they may apply for the separation payment or return to work. The Association of Flight Attendants, which represents United's stewards, lauded the high-paying severance as "virtually unprecedented in the airline industry." United's cooperation with AFA bodes well for contract negotiations that have been going on since the carrier merged with Continental Airlines in 2010. The relative seniority of ...

Vietnam Airlines may sell stake to Japan's All Nippon Airways HANOI: Vietnam Airlines has identified Japan's All Nippon Airways (ANA) as a possible strategic partner as part of the flag carrier's partial privatisation plan, state media quoted its president as saying on Tuesday. President and Chief Executive Pham Ngoc Minh named ANA, which raised $1.6 billion via a share offer in 2012 to fund purchases in Asian airlines, as a one of several firms in the running for a 20 percent stake up for grabs ...
Japan's JFE pulls out of planned Vietnam steel plant project TOKYO: Japan's JFE Steel, a unit of JFE Holdings Inc, said on Tuesday it has halted the feasibility study for a steel plant project in Vietnam and cancelled the memorandum of understanding with the project's partner, Taiwan steelmaker E United group. JFE, Japan's No.2 steelmaker, has said it was considering taking a majority stake in the project to construct a plant with steel sheet production capacity of 3.5 million tonnes that could go onstream in ...
Mitsubishi Motors to invest $600mn in Indonesian car factory JAKARTA: Japan's Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.Multi-purpose vehicles or MPVs accounted for more than half the 1.23 million cars sold in Indonesia in 2013. Often known as people carriers, larger versions can seat up to eight passengers. The assembly plant is ...
Microsoft to spotlight new Windows software September 30 SAN FRANCISCO: Microsoft on Monday sent out invitations to a September 30 event at which it is expected to provide a glimpse at the next version of its Windows operating system.The US software titan revealed little with invitations that read: "Join us to hear what's next for Windows and the enterprise."The event slated to take place in San Francisco will be aimed at developers behind programs designed for computers powered by Windows software, and at ...
YouTube to go offline in India on Android phones NEW DELHI: YouTube users in India will soon be able to save videos from the Google-owned service, making it possible to watch them offline, and the feature will eventually be available globally, the company said Monday. The feature will be available through the YouTube app on Google's new $105-Android One smartphones unveiled in New Delhi on Monday."YouTube will be available offline soon, starting with India," Google India communications manager Gaurav Bhaskar told AFP.Smartphones using Google's ...
Alibaba to boost IPO size on ‘overwhelming’ demand: sources HONG KONG: Alibaba Group Holding Ltd plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said on Monday.The Chinese e-commerce company launched the IPO last week and had enough investor demand to cover the entire deal within two days, people familiar with the process said last week.Alibaba could set a new record for the world's biggest IPO if underwriters exercise an option to ...


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln