EU urges closer union to solve debt crisis defining moment
EU Commission chief Barroso told the European Parliament in Strasbourg that Europe faces a defining moment and must become stronger and tighter to save the euro. He warned Spain and Italy rising borrowing costs risk a broader bailout, while Greece's election looms over its bailout and euro inclusion. He called for Brussels oversight of banks and budgets and concrete steps toward a full economic and monetary union.
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Brussels
European Union
Jose Manuel Barroso
European Parliament
Spain
Italy
Greece
Athens
Euro
Barroso
Europe
European Council
Strasbourg
Dell to cut more than two billion in costs over three years
Dell Inc plans over 2 billion dollars in expense cuts over three years as it shifts from PCs to higher margin tech. The plan includes 800 million in sales, 600 million in factories and supply chain, 400 million in service delivery, and 200 million in admin. Dell also unveiled an 8 cent quarterly dividend costing about 560 million annually.
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New York
Dell Inc
Dell
Big brands bid for new Internet suffixes expand scope
Amazon Google and L Oreal lead hundreds of proposals for new domain suffixes including .author .love and beauty as ICANN outlines a massive expansion of the Internet address system. The bids could bring thousands of suffixes yearly with varied uses from branding to regional or security aims. Critics warn of brand policing costs and market disruption while ICANN touts innovation and new jobs as the process moves through review.
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New York
Amazon.com
Google
Loreal
Amazon
Love
App
Gallo Vineyards Inc
Internet Corporation For
North America
Europe
L'Oreal
ICANN
Fliers Less Satisfied With Airlines in 2012 Study
A national J.D. Power survey shows passenger satisfaction dipped to 681 on a 1,000-point scale after two years of gains. Low-cost carriers rose to 754 while traditional carriers fell to 647. JetBlue led low-cost with strong in-flight and aircraft scores, Alaska topped traditional carriers, and Delta rose to third.
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Fort Lauderdale
Fila
J.D. Power and Associates
Stuart Greif
J.D. Power
JetBlue Airways
Southwest
Alaska Airlines
Air Canada
Delta
Continental
American
US Airways
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