2008 Woodie Awards
Week in Review
Mary Kate Nevin '09
Issue date: 4/17/08 Section: World
The new government is a source of hope for many, as it promises to implement much-needed economic and fiscal reforms for Italy. International credit-rating agency Standard and Poor's stated that the win provides Berlusconi's government with a "sufficiently robust mandate" to put the Italian economy and finances on sturdier footing through fiscal consolidation and supply-side reforms.
Business
Delta-Northwest Merger Confirmed
The boards of Delta Air Lines and Northwest Airlines announced a merger deal late Monday, April 14, that will create the world's biggest airline.
The $3.1 billion deal came amidst a rising threat of increasing fuel prices, and could potentially bring huge cost savings for the now-combined carriers.
A joint press release from the carriers stated that "the new airline, which will be called Delta, will provide employees with greater job security, an equity stake in the combined airline, and a more stable platform for future growth in the face of significant economic pressures from rising fuel costs and intense competition."
Business
Delta-Northwest Merger Confirmed
The boards of Delta Air Lines and Northwest Airlines announced a merger deal late Monday, April 14, that will create the world's biggest airline.
The $3.1 billion deal came amidst a rising threat of increasing fuel prices, and could potentially bring huge cost savings for the now-combined carriers.
A joint press release from the carriers stated that "the new airline, which will be called Delta, will provide employees with greater job security, an equity stake in the combined airline, and a more stable platform for future growth in the face of significant economic pressures from rising fuel costs and intense competition."
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