AFP After a two-month delay, struggling Japan Airlines announced on Tuesday details of a rehabilitation plan that will see the group cut more than 16,000 positions by the end of fiscal 2010. In January the flagship carrier went under with $US26 billion ($A29 billion) of debt in one

AFP After a two-month delay, struggling Japan Airlines announced on Tuesday details of a rehabilitation plan that will see the group cut more than 16,000 positions by the end of fiscal 2010. In January the flagship carrier went under with $US26 billion ($A29 billion) of debt in one

AP Cathay Pacific Airways Ltd returned to profit in 2009 as cost-cutting measures and bets on fuel prices helped Asia's No 3 carrier rebound from its biggest loss ever the year before. Hong Kong's flagship airline reported profit of $HK4.7 billion ($A657.91 million) in the 12 months

AFP China said on Wednesday its exports in February soared for the third straight month and at the fastest pace in three years, underlining the nation's position as the world's leading exporter. Overseas shipments grew 45.7 per cent on-year last month to 94.5 billion dollars, the

As with 2009, franchise systems will continue to struggle as a result of the global financial crisis. The days of cheap finance to rapidly expand a franchise system are gone for the foreseeable future and those systems needing new finance or having to refinance existing debt will continue to be

Payrolls dropped by 36,000 last month after a revised 26,000 decrease in January, a Labor Department report showed today in Washington. Manufacturers added workers for a second straight month, the first back-to-back gain since 2006, while construction companies fired workers. Stocks and

Canberra businesses have reported the highest level of confidence in the country but support for the ACT Government has fallen. The turnaround in confidence in the last quarter is due to a widely-held perception the economy will improve over the next 12 months. Sensis Business

THE Treasurer, Wayne Swan, has signalled we are in for that rarest of political events, a tough budget in an election year. Welcoming figures that show an extraordinary turnaround in Australia's economic fortunes from a projected collapse during 2009 to near-trend growth of 2.7 per cent,

February 27, 2010 Mr Davis said in a statement accompanying the company's third-quarter results for fiscal 2010 that Tiger Australia was well positioned for growth as it entered the next stage of its development. ''Tiger Airways Australia has been profitable for two successive

The ailing flagship carrier said it made a net loss of 177.9 billion yen in the period, the worst figure since its merger with Japan Air System (JAS) in 2002. The carrier went bankrupt in January with $US26 billion ($A29.27 billion) of debt in one of Japan's biggest ever corporate failures,