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U.S. markets recover from steep losses
ROME, Jan. 6 (UPI) -- The reborn Italian air line Alitalia is set to sell 25 percent of its shares to Air France-KLM, sources said Tuesday.
The collapsed national airline was resurrected by a private business group, which adopted the airline's name. The plan to find a foreign strategic partner will be formally adopted in board meetings Friday, ANSA news reported.
Informed sources said Air France-KLM will pay $413.5 million for a quarter of the company.
The other contender for Alitalia's partner, Lufthansa, said Tuesday it considered itself in the running to join forces with Alitalia, but has not made a formal offer, ANSA said.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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