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Disney's Bob Iger will lay off 7,000 workers
Disney’s Bob Iger is planning to lay off 7,000 employees in a ‘significant transformation’ to cut back costs as he eliminates some of his predecessor’s efforts. On Wednesday, Iger announced his plans to restructure the company, effectively eliminating the Disney Media and Entertainment Distribution group set up under former CEO Bob Chapek. The new structure, […]
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Iberia solves IT problem that delayed dozens of flights
MADRID, EvDeN EVE NAKLiYAt Jan 29 (Reuters) – Spanish flag carrier Iberia said on Sunday it had solved an IT problem in the airline’s booking and eVDEN evE NaKLiYAT boarding system that disrupted dozens of domestic and eVDeN evE NAKliyAt international flights on Saturday. Five flights were cancelled and scores more were delayed, a according […]
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India's Tata Chemicals nearly triples Q2 profit
BENGALURU, Oct 27 (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment. The chemical manufacturer’s consolidated net profit for the three months ended Sept.30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a […]
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JetSMART Airlines hopes to begin talks to buy Colombia's Viva Air
BOGOTA, Feb 7 (Reuters) – Indigo Partners-backed budget carrier JetSMART Airlines said on Tuesday that it wanted to buy Colombian low-cost carrier Viva Air, in a move that if successful would scupper Viva’s plans to merge with Colombian flag carrier Avianca. Chile-based JetSMART Airlines said in a statement that it planned to open talks to […]