Kuala Lumpur (AFP) - Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.
Common sense won out twice in Wisconsin in the past two weeks. On September 11, Wisconsin Act 10 upheld in another federal court challenge.
A federal judge on Wednesday dismissed one of the lawsuits challenging Act 10, Gov. Scott Walker’s budget repair bill in 2011 that eliminated most collective bargaining powers held by Wisconsin public unions.
Airline stocks have often found it hard to win over investors in recent times. Years of losses, disappointing guidance from management, high jet fuel costs and a particularly bad patch during the 2009 recession gave investors little reason to climb aboard.
(Reuters) - Barclays Plc <BARC.L> on Wednesday won the dismissal of a U.S. credit union regulator's lawsuit over the sale of more than $555 million of mortgage-backed securities to two failed corporate credit unions. U.S. District Judge John Lungstrum in Kansas City, Kansas said the National Credit Union Administration waited too long by not filing its complaint until September 25, 2012.