Tuesday 21 November 2017

Super-airline gets court backing

AMERICAN Airlines has won bankruptcy court approval to combine with US Airways and form the world's biggest airline.

"The merger is an excellent result. I don't think anybody disputes that," Judge Sean H Lane said before issuing his decision yesterday.

The merger still needs approval from Department of Justice anti-trust regulators and US Airways shareholders. It is expected to close by the autumn.

BlackBerry firm sells 1m phones

CANADIAN firm Research In Motion said it sold about one million of its critically important new BlackBerry 10 devices. It surprised Wall Street by returning to profitability in the most recent quarter.

The earnings provide a first glimpse of how RIM's new touch-screen BlackBerry Z10 is selling internationally and in Canada since its debut on January 31. The one million Z10 phones were above the 915,000 that analysts had been expecting.

RIM faced numerous delays modernising its operating system with the BlackBerry 10.

Lindt loses battle of Easter bunnies

SWISS chocolate maker Lindt & Spruengli has lost a court battle to protect its gold foil-wrapped Easter bunnies from imitation by a German rival. Lindt traces its origins to a Zurich confectionery shop set up in the 1840s.

It has been fighting German chocolate maker Confiserie Riegelein since 2000 to try to stop it producing similar chocolate bunnies. But Germany's Federal Court of Justice rejected a final appeal by Lindt & Spruengli.

German jobless rate falls slightly

GERMANY'S unemployment rate edged down to 7.3pc in March even though a traditional springtime upturn was limited by unusually cold weather, official data showed.

The unadjusted jobless rate was down from 7.4pc in February, the Federal Labour Agency said. The number of people registered as unemployed was 3.098 million.

Clarification

IN a feature in this week's Business Supplement about an increase in the numbers of legal actions being taken by companies, we incorrectly suggested that Quinn Group has been suing IBRC, the former Anglo Irish Bank.

We are happy to clarify that while members of the Quinn family are involved in legal actions with the bank, Quinn Group has not taken any such actions against IBRC, which owns a stake in the group.

Irish Independent

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