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Airlines struggle to both fly and make money
Airlines may defy the law of gravity, but they can't ignore math.When American Airlines sought bankruptcy protection last week, it marked the 189th time a U.S. airline has done so since the government deregulated the industry in 1978. Most lived to fly again, as American probably will. Some were grounded forever.Expensive labor contracts, erratic fuel prices and passengers used to cheap cross-country fares were to blame this time.Communists help GE lobby China
Every summer since 2000, General Electric Co. has worked with the world's largest communist party to pick about 25 Chinese executives for the company's leadership program in Crotonville on New York's Hudson River. The training creates potential Chinese allies for GE to help ensure its continued expansion in the world's fastest-growing major economy, company officials say.All-business class MAXjet files for bankruptcy protection, ceases operations
NEW YORK AP - MAXjet Airways ceased operations on Monday - leaving jets on tarmacs and stranding passengers on Christmas Eve - as the all-business class airline said it would file for bankruptcy protection.MAXjet cited soaring fuel prices and the deteriorating credit market for what it called a "drastic measure.E.U.'s Differing IP and Antitrust Approach
There is a growing frequency with which U.S. companies have passed muster under U.S. antitrust laws only to be challenged anew by the European Union for the same conduct and with different results. A recent case between IMS Health and NDC Health is a cautionary tale for U.S. companies seeking to protect their intellectual property rights in the European Union in the face of E.U. antitrust principles.Pan Am Alleges Sheppard Mullin Helped Ex-GC Conceal His Fraud
The re-reincarnation of the airline Pan American is suing Sheppard, Mullin, Richter & Hampton and one of the firm's D.C. attorneys for legal malpractice, alleging the firm, which represented two of the airline's subsidiaries in the past, breached a fiduciary duty by agreeing to represent Pan Am's general counsel without the company's knowledge. The case provides an interesting, though convoluted, look at what can happen if your wayward in-house counsel lawyers up with one of your outside law firms.Northwest Prepares for Mechanics Strike, While Attendants File Suit
With a possible mechanics strike looming, Northwest Airlines says it has nearly finished training replacement workers and that it has begun shifting more maintenance work to outside contractors. The nation's fourth-largest airline has vowed to keep flying if mechanics strike on Aug. 20, when a 30-day cooling-off period ends. Meanwhile, Northwest flight attendants sued the airline in federal court Thursday, demanding that it stop training replacement attendants in preparation for a strike.Asia Deal Digest: July 18, 2013
* Chinese search giant Baidu turns to Davis Polk for its largest acquisition ever* MoFo and Fenwick & West lead on a $1.8 billion mobile chip deal in China* A New Zealand health care company turns to Chapman Tripp for an $860 million Aussie acquisitionState AI Legislation Is on the Move in 2024
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