Biz People

Roach: US on the way to recession

IN BRIEF (Page 16)

Business International

Coca-Cola gets a healthy boost

Coca-Cola Enterprises Inc gave its 2007 earnings estimate a healthy boost on Wednesday, partly by adding Glaceau vitaminwater to its system, sending the bottler's shares up nearly 6 percent.

Indonesian business tycoons worth $40b

Indonesian business tycoons nearly doubled their net worth to $40 billion in 2007, Forbes business magazine reported yesterday, helped by soaring profits from coal, palm oil and paper.

Tankan likely to indicate increased jitters in Japan

A central bank survey of corporate Japan is expected to show top executives grew more cautious in the fourth quarter due to worries about the health of the global economy and rising costs, analysts said.

Stricken UK lender falls off FTSE-100

Northern Rock Plc, DSG International Plc, and Daily Mail and General Trust Plc are among the seven companies that will be demoted from the FTSE 100 Index in the biggest reshuffle of the UK benchmark in six years.

Biz People

Dunne gets top job at 02 UK

IN BRIEF (Page 16)

D-day arrives for ailing airline

Alitalia's board will meet today to pick a preferred bidder for the troubled Italian airline, Alitalia, as key business and labor leaders threw their weight behind domestic airline Air One over much larger rival Air France-KLM.

Giant hotelier's forecast proves lackluster

Wyndham Worldwide Corp forecast 2008 earnings that disappointed Wall Street on Tuesday as the biggest US hotel company expects the first quarter to be burdened by deferred timeshare revenue.

Business International