Chip industry: TI anticipates recovery
Texas Instruments Inc, whose chips powered half the mobile phones sold last year, said the semiconductor industry probably posted "double-digit" growth in the third quarter, the Star newspaper reported, citing Chief Executive Officer Thomas Engibous. Consumers have depleted chip stocks that had been sitting in their warehouses, he was cited as saying. Sales of semiconductors rose 2.2 percent in August from the previous month, the Semiconductor Industry Association said on Oct. 1.
Marketing: Airlines to begin alliance
UAL Corp's United Airlines and US Airways Group Inc can immediately begin a marketing alliance designed to help the unprofitable carriers increase revenues, the US Department of Transportation ruled. "The alliance should increase competition in certain markets while providing service benefits for a number of travelers," the department said in a statement. The ruling lets the carriers sell tickets for one another's flights, expanding their networks and building revenue, while remaining separate. Small carriers said the plan is unfair.
World economy: Official says war is good
"The combined effect can be be positive economically because it would eliminate one of the real sources of terror and one of the real clouds that's hanging over the world's economy," said US Under Secretary for International Trade Admini-stration Grant Aldonas. "At the same time it will open up the spigot on Iraqi oil, which would certainly have a profound effect in terms of the performance of the world economy for those countries that are manufacturers and oil consumers."
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