Tavistock billionaire buys Bear Stearns stake
British billionaire Joseph Lewis, a magnate who controls more than 170 companies, has acquired a seven per cent stake in investment bank Bear Stearns Companies, becoming one of its largest shareholders. Lewis, who runs Florida-based investment vehicle...
United States airlines begin scaling back fare increases
United States-based airlines have begun to withdraw a revenue-boosting fare increase initiated last week, but it is too soon to say whether the bulk of the increase will last, a fare tracker said yesterday. Even Delta Airlines, the No.3 U.S. carrier...
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