| Watch passenger plane crash in desert CNN Share Flag as inappropriate. Loading... Alert icon. Sign in or sign up now! Alert icon. Loading... Published on Oct 2, 2012 by CNN. The Discovery Channel crashes a Boeing 727 into the desert on purpose to demonstrate how to survive a plane accident. See all stories on this topic » | ||
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| Alabama fans survive plane crash on way to Ole Miss game, still make kickoff CBSSports.com (blog) Whenever a set of SEC football fans does something, let's say, enthusiastically devoted to their team, the temptation is to say, "Only in SEC country," when Oregon or Virginia Tech or Ohio State fans might very well do the same thing. But then there ... See all stories on this topic » | ||
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| 2 dead in small plane crash in Fredericksburg, Va. WSLS (AP) Police say two people have died in a small plane crash in Virginia's Spotsylvania County. The Free Lance-Star (http://bit.ly/PNR2QY) reports the blue-and-white plane had just taken off from Shannon Airport on Saturday evening when it crashed. See all stories on this topic » | ||
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| Air Force Academy trainer plane crash investigated 9NEWS.com AIR FORCE ACADEMY, Colo. (AP) - The Air Force is investigating after a training plane crashedinto a hangar at the Air Force Academy while landing. Neither of the two people aboard was injured when the T-53 Kadet 2 crashed on Monday. Their names ... See all stories on this topic » | ||
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Tuesday, 2 October 2012
'Grey's Anatomy' Season 9 Trailer: After the Plane Crash
Top 5 Zacks #1 Ranked Wells Fargo Mutual Funds - Best of Fund Family
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| Arbitrage mutual funds shine in June, September quarters mydigitalfc.com Categorised as arbitrage funds, the 12 mutual fund schemes that are designed for the spot-derivatives have collectively shown a mixed performance in the past one year. Their average three-month returns as of the end of the past four quarters have seen ... See all stories on this topic » | ||
| List of Vanguard index mutual funds switching to lower-cost market benchmarks Washington Post The Vanguard Group on Tuesday said that it has negotiated lower cost index-licensing deals that will result in 22 of its index mutual funds switching to new benchmarks, and adjusting the stocks they invest in accordingly. The changes are expected to ... See all stories on this topic » | ||
| Fund houses go in for offshore advisory biz mydigitalfc.com In two years Religare Mutual Fund has built Rs 2,000 crore in assets under management (AUM) from abroad. UTI Mutual Fund's overseas arm UTI International, which handled offshore advisory business worth $700 million two years ago, has now raised it to ... See all stories on this topic » | ||
| Top 5 Zacks #1 Ranked Wells Fargo Mutual Funds - Best of Fund Family NASDAQ The fund has a three year annualized return of 13.04%. Brad Ursillo is the fund manager and he has managed this Wells Fargo mutual fund since 2011. Wells Fargo Advantage Large Cap Core A ( EGOAX ) invests the majority of its assets in equity securities ... See all stories on this topic » | ||
| US man gets prison for investment fraud CanadianBusiness.com NEW YORK (AP) — A Florida mutual fund executive on Tuesday admitted that he lied when he promised investors early shares in companies such as Facebook and Groupon and spent their money instead on a lavish lifestyle that included pricey cars and ... See all stories on this topic » | ||
| SEC moves to give mutual funds more leeway Daily Star Online The Securities and Exchange Commission has moved to allow mutual funds to give stock dividends to their unit holders. The present cash dividend payout structure will remain effective as well. However, the asset management companies (AMCs) and mutual ... See all stories on this topic » | ||
| Draghi, ECB give international stock funds a lift MarketWatch MADRID (MarketWatch)— If anyone can be credited with saving the third quarter and maybe the year for international-stock mutual funds, it's European Central Bank President Mario Draghi with his pledge to “do whatever it takes to save the euro ... See all stories on this topic » | ||
| Top 5 Zacks #1 Ranked Balanced Funds - Best of Funds NASDAQ Investors seeking total return, both regular income and long term capital appreciation, should include balanced funds in their portfolio. Balanced funds are perhaps the most flexible and actively managed category of mutual funds as their investments ... See all stories on this topic » | ||
| Fund Rating: Flawed metrics Moneylife Morningstar clearly took the data provided by the fund at face value and came up with its rosy conclusions. Mutual funds are mandated to disclose everything but hedge funds aren't; therefore, complete information was lacking. India does not have a ... See all stories on this topic »  Shekhar Gupta CEO Capt. Shekhar Gupta [ shekhar@aerosoft.in Blog : http://shekharaerosoft.blogspot.in/
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Singapore's PMI shrinks for 3rd month, recession looms
| Secondary Sources: Imminent Recession?, Chinese Consumers, Financial ... Wall Street Journal (blog) –Imminent Recession?: Menzie Chinn is skeptical of recession predictions. “So, given the dearth of forecasts of recession, and the fact that not all indicators are trending down, I rate the likelihood of imminent recession as low — but of course the ... See all stories on this topic » | |
| 'We're Heading for Recession,' Zell Predicts for Economy CNBC.com Text Size. By: Jeff Cox CNBC.com Senior Writer. A compounding lack of confidence in the future has kept American companies from investing in their businesses and is leading the country back intorecession, real estate mogul Sam Zell told CNBC. See all stories on this topic » | |
| Greece recession to enter 6th year, budget shows San Jose Mercury News ATHENS, Greece—Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 percent, according to forecasts in the draft budget submitted to Parliament on Monday. This year's recession will see ... See all stories on this topic » | |
| Singapore's PMI shrinks for 3rd month, recession looms Reuters SINGAPORE, Oct 2 (Reuters) - Singapore's manufacturing sector contracted for a third consecutive month in September as new orders fell further, a business survey showed, bolstering the view the trade-dependent city-state likely slipped into recession ... See all stories on this topic » | |
| Holiday sales seen rising 4.1 percent in 2012 The Associated Press At the same time, there's uncertainty about who the next president will be and some Americans worry that the U.S. debt crisis could lead to another recession. "In all the years, this is the most challenging year doing a forecast," said Matthew Shay ... See all stories on this topic » | |
| Feldstein: We're Not in a Recession Fox Business In the Wall Street Journal with signs do point to recession and -- Of the husband funds saying that it is his conviction quote that the US economy has already. Entered into a recession so. -- Marty Phelps I think professor Martin Feldstein is the ... See all stories on this topic » | |
| Recession Proof Craft Breweries Thriving in Sluggish N. American Beer Market Sacramento Bee Recession Proof Craft Breweries Thriving in Sluggish N. American Beer Market. By just-drinks.com.just-drinks.com. Last modified: 2012-10-01T14:56:38Z. Published: Monday, Oct. 1, 2012 - 7:55 am. Copyright 2012 . All rights reserved. This material may ... See all stories on this topic » | |
| Recession hit region hard, Marist Poll finds Poughkeepsie Journal The Great Recession left a big dent in the consciousness of mid-Hudson residents and has shaped their views of what they expect, and want, in the future, an extensive survey made public Monday shows. Economic concerns rose to the top of the list in all ... See all stories on this topic » | |
| The Growth Recession Of 2012 And The Presidential Election Forbes The components of the revised second quarter GDP report paint a picture of an economy at risk of slipping into a full-blown recession. Consumption growth of 2.0% during the first half was actually somewhat stronger than during 2011. And, a triple in ... See all stories on this topic » | |
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King Of Good time Now King of bad Time Red Kingfisher in deep blues
Barely a smile greets a visitor in the office. Four young women sporting the airline’s trademark red uniform are clearly not in their element. And they would not speak on the problems faced by the airline.
In 2005, when Kingfisher Airlines was launched, the air hostesses were compared with ramp models and the hospitality was decidedly five-star. Chairman Vijay Mallya appeared himself in video announcements on board to announce that each passenger was like a personal guest for him.
Now, employees look and sound confused. Conversations about vacations have given way to worried talk on unpaid salaries and equated monthly instalments (EMIs) on loans.
Only a handful of employees got their March salaries, after which no one has been paid. From November to March, they received salaries after holding out threats. Several strikes a month are now a norm in the airline, crushed by the weight of debt.
“Mr Mallya, a member of Parliament, famous for his extraordinarily expensive lifestyle, has driven this airline to bankruptcy by sheer mismanagement and bad financial planning,” a group of prominent citizens had said in a letter to Prime Minister Manmohan Singh on February 27.
Mallya has been struggling to convince banks about recasting a mountain of debt the carrier is sitting on after a series of defaults.
Provident fund payments to staff were held up and tax to be deducted at source was not paid by the airline, leading to the tax department freezing its accounts. Murugavel Janakiraman, CEO of BharatMatrimony.com said the website has seen a 30% rise in the number of Kingfisher air hostesses looking for grooms in the past six months. “They had no time to think about marriage when they had a rocking career. But as their career started suffering, they are looking at marriage a safe option.” A pilot who recently defaulted on his EMI said it hurt him to see Mallya leading a lavish life while his staff languished. There are dozens like him telling stories of dashed dreams.
“We are living off our savings. You can cut down on food but what do you do about school fees when you haven't been paid for seven months? No one cares. Whom do we approach? The government is going out of its way to help him,” said Prakash Pande, an engineer based in Mumbai.
Radhika, 26, had joined the airline as a flight attendant in 2008. In May, the landlord asked them to vacate after non-payment of rent for three months. Radhika is back home in Kolkata. One of her colleagues has traded down for a café job while she applies to other airlines for jobs.
Shillong-bred Jennifer had gifted her parents a trip to London in 2009. Last April,she sent back her younger brother, who she admitted to a Delhi school, after her pay stopped coming.
“Pilots are flying just to show more flying miles on their CV, just as many airhostesses and others are clinging to their jobs to gain experience,” said Jennifer. Prakash said young air hostesses from smaller cities who came in search of careers to big metros are among the worst-hit.
A few years ago, these people were being lured by rival airlines with six months’ pay as signing bonus.
Permission for foreign direct investment (FDI) in airlines is offering new hopes for the troubled employees. “But nothing is certain. Everybody knows we are in desperate need for jobs and are offered peanuts,” Jennifer said.
Mallya has been actively seeking FDI, but no airline has confirmed an interest. The employees wait for rescue, while passengers are busy running down the brand that once spelt style.
| American says installation job caused seat snafu Wall Street Journal David L. Campbell, the airline's vice president of safety, said in an interview that the clamps might have been installed incorrectly during maintenance work by American crews and an outside contractor, Timco Aviation Services. He could not recall a ... See all stories on this topic » |
| Red Kingfisher in deep blues Hindustan Times Radhika, 26, had joined the airline as a flight attendant in 2008. In May, the landlord asked them to vacate after non-payment of rent for three months. Radhika is back home in Kolkata. One of her colleagues has traded down for a café job while she ... See all stories on this topic » |
| Kingfisher Must Pay Wages Before Flying Again, Official Says Businessweek Kingfisher Airlines Ltd. (KAIR), the Indian carrier that's grounded its fleet and not paid staff since April, must settle wages before it can resume flights, according to an official at the nation's civil aviation ministry. The airline's management was ... See all stories on this topic » | ||
| India's Kingfisher halts flights for 3 days The Associated Press By ERIKA KINETZ, AP Business Writer – 1 minute ago. MUMBAI, India (AP) — Kingfisher Airlines has grounded flights for at least three days after a violent strike over unpaid wages at the cash-strapped Indian carrier. The company said late Monday that ... See all stories on this topic » | ||
| Kingfisher engineers on strike over non-payment of dues NDTV Published on Oct 2, 2012 by ndtv. Kingfisher Airlines has hit yet another turbulent patch with a section of engineers going on strike Sunday evening over non-payment of salaries, affecting flight operations. The airline cancelled around 20 flights today. See all stories on this topic » | ||
| Johnnie Walker Could Gain in India as Mallya Struggles Businessweek Kingfisher Airlines will need a capital injection of $600 million in the next two months after defaulting on loan payments following five years of losses, industry consultant CAPA Centre for Aviation said in August. Mallya -- worth $1 billion as of ... See all stories on this topic » | ||
| Kingfisher cannot pay even a month's salaries, CEO says NDTV Around 30 of the 250 striking engineers from Kingfisher Airlines were at the meeting with Mr Aggarwal at the airline's office in Mumbai on Monday. The meeting was called by the CEO, nearly 24 hours after the engineers went on strike, in an attempt to ... See all stories on this topic » | ||
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| Kingfisher promises to resume operations in a few days - NewsX NewsX Kingfisher Airlines, which has declared a partial lockout, today said it would resume operations in a few days and the backlog of March salary would be given to its employees soon. Top officials of the airline, who met DGCA chief Arun Mishra, also ... See all stories on this topic » |
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