Airline alliances: EU to give thumbs up

The European Commission is going to give its approval to the alliances between Lufthansa, United Airlines and SAS, and KLM and Northwest Airlines. The decision continues to open an era where consolidation of the airline industry stretches across the waters. After the partnership failure last February, BA remains one of the last global airlines not to have secured an American alliance.

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Airlines: industry meltdown imminent

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Alcatel/Lucent: too much to swallow

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Alcatel: 14,000 workers for the guillotine

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Alcatel: cutting costs, not jobs - maybe

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Alcatel: handsets don't come in handy

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Alcatel: the survival of ten thousand cuts

The telecoms equipment market has declined even further than expected, driving Alcatel to cut 10,000 more jobs. Alcatel believes this restructuring will take it to breakeven... but it also said that for the last one. If the market continues its decline, Alcatel may not make money until 2004. On the plus side for investors, talk of a liquidity crisis looks unjustified.

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Alcatel: the voice of gloom

Adding to the gloom in the already dismal telecoms sector, Alcatel has issued a downbeat forecast - including a steeper than expected drop in Q1 sales. As the telecoms equipment market continues to deteriorate, it looks more and more like Alcatel could gain from merging with an American rival.

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Alchoholic drinks: fast growth in youngest age group

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Alcohol marketing: showing Iberian spirit

Alcohol advertising in Spain will soon be regulated by rules that vary according to the drinks' alcoholic content. The new regulations will limit the promotion of drinks with more than 20% alcohol through sponsorship, benefiting brewers and winemakers at distillers' expense. Spain is a major beer and wine producer, while much of its spirits production is imported.

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