May 19, 2007 |
Bay Area-based start-up airline Virgin America won final approval Friday to take to the skies in the United States. Federal regulators approved the company's revised plan to operate U.S.-based commercial flights after the company made numerous concessions, including replacing its chief executive, to allay concerns about the foreign ownership stake of Richard Branson's London-based Virgin Group. Virgin America, based in Burlingame, Calif.
March 3, 2007 |
European companies would be allowed to hold larger stakes in U.S. airlines under a tentative agreement reached Friday between the U.S. and the European Union. The deal also would give carriers more freedom to choose transatlantic routes and potentially lead to lower fares. The agreement, announced by the Transportation Department, would allow European airlines to fly from anywhere in the EU to any point in the U.S., and vice versa.
December 29, 2006
RICHARD BRANSON may have to ditch his accent, renounce his loyalty to the British crown and drape himself in a U.S. flag. Driving a Mustang may help too. That's apparently what it will take for U.S. authorities to allow Virgin America, the nascent U.S. airline that bears his popular brand name, to get off the ground. It was partly Branson's British citizenship that provoked the U.S.
June 23, 2005 |
A major Chinese oil company made a landmark offer to buy California-based Unocal Corp. for $18.5 billion on Wednesday, topping a bid by rival U.S. oil giant Chevron Corp. and setting the stage for an intense political debate over the future of U.S. energy, security and trade policies. The unsolicited offer by CNOOC Ltd., an arm of state-owned China National Offshore Oil Corp.
March 10, 2005 |
A top executive of a French company targeted by California's lawsuit over the collapse of Executive Life Insurance Co. testified Wednesday that she was aware that a French bank was concerned about "American regulations" prohibiting foreign ownership of insurers.
July 4, 2001 |
The television business often has the feel these days of a Wild West shootout, as heavily armed desperadoes battle for control of a lawless frontier. This at least has seemed the case in regard to the broadcasting business since passage of the Telecommunications Act of 1996, when Congress lifted radio ownership limits as well as the cap governing television stations.