Consumer Biz Wrap: Wyndam to OPEN Niagara Hotel, Time Warner Will ACQUIRE Bleacher Report
Air France-KLM (AFLYY.PK) gets on the Cut Capacity Bandwagon, along with many carriers in the U.S. and in Europe, as it intends to chop more than 5,000 jobs by the end of 2013. The carrier is playing out its major transformation scheme, which is aimed at recovering its string of losses.
It’s one or the other, but not both, says Turkish Air as its announces that it will order $4 billion worth of jets from either Boeing (NYSE:BA) or Airbus (EADSF.PK) perhaps in July, according to Chairman Hamdi Topcu. The order will not be split, says Topcu, so one company will get all.
Wyndham (NYSE:WYN) will open a hotel on the Canadian side of Niagara Falls (where the casinos are) under its upscale brand name. The company remains among the most reliable names in the sector, while its value-oriented chains Ramada, Days Inn, and Howard Johnson have endured a slumping economy, but it now seems to be enhancing its luxury portfolio in 2012.
New laws in Korea that disallow gamers under 18 from being asked their real names as they create accounts, has prompted Sony (NYSE:SNE) to shut its PlayStation store in that country, as it hasn’t sufficient time to rework the service to accommodate the July 1st deadline. However, Sony does expect to reopen the store later this year.
Time Warner (NYSE:TWX) nears the point in which it will acquire the high-traffic sports blog Bleacher Report, says All Things Digital. It is thought by observers that the price will exceed $200 million.
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