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Congress drops "buy America” provision from tanker program

Congress drops "buy America" provision from tanker program A defense bill approved by Congress would allow an open competition for a multibillion dollar contract to supply refueling tankers for the Air Force. The bill, which President Bush is expected to sign, would reverse a House-approved measure making it illegal for the Pentagon to buy military equipment from the parent company of European jet maker Airbus SAS. The House bill would have helped Boeing Co. regain the lucrative tanker contract, which it lost in 2004 amid an ethics scandal. The House bill would have barred the Pentagon from purchasing goods and services from foreign

Congress drops "buy America” provision from tanker program

Congress drops "buy America" provision from tanker program A defense bill approved by Congress would allow an open competition for a multibillion dollar contract to supply refueling tankers for the Air Force. The bill, which President Bush is expected to sign, would reverse a House-approved measure making it illegal for the Pentagon to buy military equipment from the parent company of European jet maker Airbus SAS. The House bill would have helped Boeing Co. regain the lucrative tanker contract, which it lost in 2004 amid an ethics scandal. The House bill would have barred the Pentagon from purchasing goods and services from foreign

America Online changes name to AOL

America Online changes name to AOL It's official: America Online Inc. is now known simply as AOL. In an expected move, Time Warner Inc.'s Internet unit said Monday it has renamed itself; it also changed from being a corporation to a limited liability company. "Our company long ago accomplished the mission implied by our old name. We literally got America online," said Jon Miller, chairman and chief executive of AOL LLC. "Our new corporate identity better reflects our expanded mission - to make everyone's online experience better." He added that consumers already know the service by its initials. AOL formed as Quantum Computer Services

Lafarge hikes buy-out offer for North America unit

Lafarge hikes buy-out offer for North America unit The world's biggest cement maker, Lafarge SA (LAFP.PA: Quote, Profile, Research), has raised its bid to buy out minority shareholders of Lafarge North America Inc. (LNA) (LAF.N: Quote, Profile, Research) by 9.3 percent to $3.3 billion. The improved offer comes after the North America unit said last month the earlier price was inadequate. Lafarge has said the deal will allow it to benefit fully from a pick-up in cement demand across the Atlantic. The French company said on Tuesday it was raising its bid to $82 a share from $75 for the 46.8 percent stake

Fils-Aime promoted to role of Nintendo of America president & COO

Fils-Aime promoted to role of Nintendo of America president & COO Nintendo of America has promoted Reggie Fils-Aime to the role of president and COO as part of a top level executive shake-up in the run-up to the launch of the Wii. Fils-Aime joined Nintendo in 2003, having served in various executive roles for companies including Pizza Hut, Guinness Import Company and VH1. He has served as the companys executive vice president of sales and marketing, and will continue to oversee the division during the launch of the Wii console in addition to leading the company through its day-to-day operations. Current president Tatsumi