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BUSINESS
June 11, 2001 | RICHARD BAUM, REUTERS
Richard Branson's Virgin Group has chosen U.S. telecommunications operator Sprint Corp. as its partner in a proposed $1-billion drive into the U.S. mobile market, an industry source said Sunday. Sprint beat rivals including AT&T Corp. to supply the network for a Virgin-branded service based on Branson's mobile companies in Britain and Australia, the source said. The airline entrepreneur believes he can leverage his company's brand name to break into the relatively immature U.S.
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BUSINESS
October 13, 2007 | From the Associated Press
A consortium headed by billionaire Richard Branson's Virgin Group Ltd. offered to rescue Northern Rock by proposing a plan Friday to inject cash into the struggling mortgage lender and rebrand it Virgin Money. Under the plan, put forward by a consortium of Asian and U.S. investors led by Virgin, Northern Rock would be renamed in return for equity.
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BUSINESS
May 19, 2007 | From the Associated Press
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.
BUSINESS
January 18, 2007 | From Bloomberg News
Virgin America Inc., a start-up airline vying for clearance to begin U.S. flights, changed agreements with minority owner Richard Branson's Virgin Group Ltd. in an effort to meet U.S. ownership requirements. Branson's closely held Virgin Group will cede veto authority over some business decisions and put voting shares of the carrier under a U.S. trustee, Virgin America Chief Executive Fred Reid said. The carrier also eliminated foreign investors in two funds that make up the majority of its U.S.
BUSINESS
September 28, 2004 | From Bloomberg News
Virgin Group Ltd., the British company owned by billionaire Richard Branson, officially started an online music store in the U.S. on Monday to compete with Apple Computer Inc.'s iTunes. The Virgin Digital service offers Web users songs for 99 cents apiece from more than 1 million tracks, according to the company. The new unit also offers unlimited access to 100,000 albums for a monthly subscription of $7.99, it said.
BUSINESS
May 19, 2007 | From the Associated Press
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.
BUSINESS
January 9, 2004 | Peter Pae, Times Staff Writer
Virgin USA, a nascent low-cost airline that flamboyant billionaire Richard Branson wants to start in the U.S., has eliminated Los Angeles as its possible headquarters site. The airline, which expects to start service this year, has narrowed possible locations for its headquarters to San Francisco, Boston and northern Virginia, a Virgin executive said. A final decision is expected in the next few weeks. Los Angeles was one of about a dozen cities that were vying for the new airline.
BUSINESS
October 13, 2007 | From the Associated Press
A consortium headed by billionaire Richard Branson's Virgin Group Ltd. offered to rescue Northern Rock by proposing a plan Friday to inject cash into the struggling mortgage lender and rebrand it Virgin Money. Under the plan, put forward by a consortium of Asian and U.S. investors led by Virgin, Northern Rock would be renamed in return for equity.
BUSINESS
January 18, 2007 | From Bloomberg News
Virgin America Inc., a start-up airline vying for clearance to begin U.S. flights, changed agreements with minority owner Richard Branson's Virgin Group Ltd. in an effort to meet U.S. ownership requirements. Branson's closely held Virgin Group will cede veto authority over some business decisions and put voting shares of the carrier under a U.S. trustee, Virgin America Chief Executive Fred Reid said. The carrier also eliminated foreign investors in two funds that make up the majority of its U.S.
BUSINESS
May 7, 2005 | From Bloomberg News
Health insurer Humana Inc. and Virgin Group Ltd. said they would form a partnership to sell health insurance and develop Virgin-branded health clubs. Financial terms weren't disclosed. The health clubs and insurance would be connected so that users could win discounted healthcare or Virgin products such as airline tickets and music if they met targets for keeping themselves healthy, the companies said.
BUSINESS
September 28, 2004 | From Bloomberg News
Virgin Group Ltd., the British company owned by billionaire Richard Branson, officially started an online music store in the U.S. on Monday to compete with Apple Computer Inc.'s iTunes. The Virgin Digital service offers Web users songs for 99 cents apiece from more than 1 million tracks, according to the company. The new unit also offers unlimited access to 100,000 albums for a monthly subscription of $7.99, it said.
BUSINESS
January 9, 2004 | Peter Pae, Times Staff Writer
Virgin USA, a nascent low-cost airline that flamboyant billionaire Richard Branson wants to start in the U.S., has eliminated Los Angeles as its possible headquarters site. The airline, which expects to start service this year, has narrowed possible locations for its headquarters to San Francisco, Boston and northern Virginia, a Virgin executive said. A final decision is expected in the next few weeks. Los Angeles was one of about a dozen cities that were vying for the new airline.
BUSINESS
June 11, 2001 | RICHARD BAUM, REUTERS
Richard Branson's Virgin Group has chosen U.S. telecommunications operator Sprint Corp. as its partner in a proposed $1-billion drive into the U.S. mobile market, an industry source said Sunday. Sprint beat rivals including AT&T Corp. to supply the network for a Virgin-branded service based on Branson's mobile companies in Britain and Australia, the source said. The airline entrepreneur believes he can leverage his company's brand name to break into the relatively immature U.S.
BUSINESS
November 11, 1993 | Greg Johnson, Times staff writer
Virgin Retail Group's second U.S. Virgin Megastore--at Triangle Square in Costa Mesa--plans a grand opening celebration on Nov. 26 with a "Rockin' California Holiday Beach Party." The grand opening follows the "official opening," which will be Saturday. Virgin's first Megastore opened in London in 1970. The first U.S. Virgin Megastore did not open until last year in Los Angeles.
BUSINESS
May 7, 2005 | From Bloomberg News
Health insurer Humana Inc. and Virgin Group Ltd. said they would form a partnership to sell health insurance and develop Virgin-branded health clubs. Financial terms weren't disclosed. The health clubs and insurance would be connected so that users could win discounted healthcare or Virgin products such as airline tickets and music if they met targets for keeping themselves healthy, the companies said.
BUSINESS
November 2, 1988 | ROBERT E. DALLOS, Times Staff Writer
When British entrepreneur Richard Branson started Virgin Atlantic Airlines four years ago, he wanted to call the seat categories on his planes Upper Class and Riff-Raff Class. His associates talked him out of the latter classification, he recalls, because "they thought that Americans might not realize that I have a sense of humor." But the fledgling airline is no joke. It has become a financial success, and Branson, a 38-year-old rock music record tycoon, might soon follow his original instinct.
BUSINESS
November 2, 1988 | ROBERT E. DALLOS, Times Staff Writer
When British entrepreneur Richard Branson started Virgin Atlantic Airlines four years ago, he wanted to call the seat categories on his planes Upper Class and Riff-Raff Class. His associates talked him out of the latter classification, he recalls, because "they thought that Americans might not realize that I have a sense of humor." But the fledgling airline is no joke. It has become a financial success, and Branson, a 38-year-old rock music record tycoon, might soon follow his original instinct.
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