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...accommodation and in certain cases a refund and a free flight home. Compensation can be denied only if the cancellations are caused by safety warnings, unforeseen walkouts, severe weather or other factors beyond the airlines' control. The carriers are livid. The Association of European Airlines insists the rules could add €400 million to the annual costs of its 30 members, denting margins. Damages for cancellation or denied boarding could be five times the average one-way fare offered by many low-cost flyers, insists Jan Skeels, secretary-general of the European Low Fares Airline Association. Trade groups have lodged...
...business. F & C's Hayes notes that a share buyback launched by Sky in November could lead to "creeping control" of Sky by News Corp. That's just the sort of worry that rankled investors in the early days of James' reign. Of course, if he can continue to add subscribers--and keep profits moving up--maybe that won't matter. It may even help him leap ahead of brother and New York Post boss Lachlan, 33, for Pop's ultimate gift: succession to the News Corp. throne. --By Mark Halper/ London
China is in so many ways an unstoppable force in global business. Just don't expect to add software outsourcing to that list anytime soon. Yes, the number of English-speaking college graduates in China has doubled since 2000--a good sign for outsourcing work. But according to a report from management consultancy McKinsey & Co., that proficiency is not translating into greater profits or international dominance. Reason: the industry is extremely fragmented, with the top 10 IT-service companies claiming only 20% of the domestic market. Compare that with India's bustling IT-outsourcing industry, where the top 10 firms...
It’s the little things that might yet sink the career of one of the smartest men I have ever met. At Tuesday’s Faculty meeting, professors presented a laundry list of petty slights, minor insults, and distant misdeeds that now add up to a perfect storm for Harvard’s president. The Faculty has stored up a cornucopia of complaints, each too small to warrant widespread anger on its own. But when great minds get together, they connect dots...
...alienated one section of the Faculty at a time—first the highly visible African American Studies Department after the departure of Cornel R. West ’74, then humanities professors as he pushed for increased and improved hard science education at the College, now female professors. Add to that a national media storm over innate differences, which gives the Faculty added leverage, and you get an emergency Faculty meeting next Tuesday at which he might lose a vote of no confidence...