November 18 Biz Minute

Seeking to expand their international reach through global partnerships, Delta Air Lines and the Sky Team alliance said today they are making a billion dollar offer to lure loss-making Japan Airlines from its affiliation with American Airlines.

American Express is buying Revolution Money for about $300 million to keep up with trends in electronic payments, where new security features and online transaction options are shaking up traditional models.

Cellphone maker Sony Ericsson is moving its North American headquarters from North Carolina to Atlanta as part of a global consolidation that will cut about 2000 jobs.


Consumers' focus on basics in the recession has worked in BJ's Wholesale Club's favor as membership grew and shoppers continued to flock to its stores - But, a legal settlement over worker pay pushed its third-quarter profit down 37 percent even as sales grew for the retailer.

It was announced today that Wells Fargo Investments will repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in the latest of a series of settlements with state securities regulators,

Investors turned cautious again today as an unexpected drop in home construction and disappointing forecasts from technology companies raised concerns about the pace of the economy's recovery -


Ford, Subaru and Volkswagen lead the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.

Category:

News & Politics

Tags:

• Delta Airlines
• Sky Team
• Japan Airlines
• American Airlines
• American Express
• Revolution Money
• Sony Ericsson
• North Carolina
• Atlanta
• BJ's Wholesale Club
• Wells Fargo
• investors
• Ford
• Subaru
• Volkswagen
• insurance