August 24, 2005
News in Brief
Singer Rod Stewart was in a Las Vegas federal court yesterday for the start of a lawsuit in which Harrah’s casino is trying to reclaim $2 million it paid for a canceled concert.
Anheuser-Busch and the family of former baseball star Roger Maris have settled their eight-year contract and defamation litigation over termination of the family’s Florida beer distributorship.
British Airways has reached a contract agreement with its caterer, Gate Gourmet, provided the latter can resolve the labor dispute that began when it fired 670 union workers who had led protests against the company.
San Diego Chargers tight end Antonio Gates, who signed a one-year, $385,000 contract with the club Sunday, signed one yesterday that replaces it, this one a six-year deal at a much higher (but undisclosed) amount.
Europe’s EADS says it will bid on the U.S. Army’s new light helicopter contract, a 300-copter deal that would be worth more than $2 billion.
The head of McDonald’s Australia says it was quality issues, not just price, that caused it to cut back 50 percent on its exclusive potato contract with Tasmanian farmers and buy the spuds elsewhere.
Unionized coaches 14 Pennsylvania universities have reached a contract deal with the state, which will give them 3 percent raises for 2 years, with additional small merit-based increases, that could total about $3,600 per coach.
Organizers for the 2008 Africa Cup in Ghana awarded a major contract to a Chinese company that had not bid for it, after it found that the companies that did bid were too high.
The Iranian government has pulled a $310 million contract from the U.S.’s Haliburton due to “bribes,” and has awarded it to its government-owned National Iranian Drilling Company.
Speaking of Iran, local joint venture partners are calling on Turkey’s TurkCell to go through with its commitments, even though the Turkish company saw its interest in the partnership involuntarily reduced from 70 to 49 percent.
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