 | Doha Bank profit rises
7% to QR390mn in Q1 DOHA Bank on Wednesday
reported a 7.4 percent rise in net
profit for the first quarter of 2012
to QR390 million from QR 363
million for the same period a year
ago. The first quarter results were
announced by the Chairman of
the bank´s.
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| | BP finalises $7.8 billion
US oil spill settlement |
 OIL giant BP said on
Wednesday it has finalised a
$7.8 billion (5.9 billion euro)
deal to settle thousands of
claims from the 2010 Gulf of
Mexico oil spill.
The settlement, which must
still be approved by a judge,
will resolve the "substantial
majority of eligible private economic
loss and medical claims
stemming from the Deepwater
Horizon accident and oil spill,"
BP said in a statement.
It does not affect what is
anticipated to be tens of billions
of dollars in fines and
claims from the US government,
coastal states and local
governments impacted by the
spill.
Nor does it resolve suits filed
by shareholders or others seeking
compensation because of a
drilling moratorium ... | | | SAS sees more
consolidation
on the horizon |  A GLOBAL economic slowdown
and sky-high jet fuel
prices will push the airline
industry into a new wave of
consolidation, the top executive
of Scandinavian airline
SAS, itself a long-rumoured
takeover target, said on
Tuesday.
European carriers face a
collective loss this year due
to soaring fuel costs and
slack demand and with
spare capacity in the industry
there is little room for
airlines to hike fares.
"I would be surprised if we
didn´t see an accelerated
activity in terms of consolidation
in the airline industry
driven by this situation,"
Rickard Gustafson, CEO of
loss-making SAS said in an
interview.
"I do believe that ... when
capacity outruns demand in
... | | | Apple investors brace
for more turbulence |  APPLE´S results will be dissected
more closely than ever
next week, after a share swoon
raised concerns on Wall Street
that the stock´s gravity-defying
rally may be losing steam.
Five straight days of stock
losses for the world´s most
valuable company sparked
fears it had ventured into
dreaded bubble territory and
was overdue for a strong pullback.
Shares reversed course
on Tuesday, gaining 5 percent.
Between major legal challenges
across several continents,
increasing competition
from Google´s Android — now
the world´s most-used mobile
software — and confusion
over what its next groundbreaking
product will look
like, more cautious investors
are re-evaluating. | |
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