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Web Life: If you don't want to fly, check in here

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If the prospect of air travel is no longer alluring for security, environmental or other reasons, check in at www.seat61.com, an online travelogue that has evolved into an information bank on alternatives to air.

Nike profit beats Street, shares up 6 pct

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Nike Inc., the world's No. 1 sport shoe and apparel maker, on Thursday posted quarterly earnings above Wall Street targets, boosting its shares nearly 6 percent and easing some fears that pricey styles bearing its signature swoosh were losing their luster.
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Merck, Nycomed stoke European drugs merger

Consolidation in Europe's drugs sector gathered steam on Thursday as Germany's Merck unveiled a $13.3-billion deal to buy Europe's top biotech firm Serono, and Denmark's Nycomed won the drugs unit of Altana.
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FTSE 100 Climbs On Strong Results, Oil Caps Gains

Britain's FTSE 100 pushed ahead on Thursday, buoyed by strong results and bullish earnings forecasts, but gains were capped by continued weakness in crude prices, hitting oil heavyweights and utilities.
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Laura Ashley enjoys rosy sales

Laura Ashley , the British retailer famed for its floral fabrics, said on Thursday it returned to profit and enjoyed strong sales in the first half of the year thanks to further cost cuts and strong demand.
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Morrison swings to profit

Wm Morrison Supermarkets posted a return to profit in its first half and said on Thursday the second half had started well, sending its shares up 4.3 percent to a 28 month high.
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U.S. urges Thai coup leaders to restore democracy

Thailand's military coup leaders faced international calls for a swift return to democracy on Wednesday, after vowing to choose a new prime minister within two weeks to replace ousted Thaksin Shinawatra.
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World Bank graft fight stirs debate on Africa aid

President Mobutu Sese Seko was said to have sipped pink champagne daily, hired Concorde to fly his family to New York to shop and bought numerous friends in high places, much of it with the help of foreign aid.
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Lockheed Fears Budget Setback for F-35 Jet

Lockheed Martin Corp.'s $276.5 billion F-35 Joint Strike Fighter program, the costliest U.S. arms acquisition project, may be set back by moves in Congress to slow initial production, a top company official said on Wednesday.
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Land Securities Developments

Land Securities Group Plc has announced that the City of London Planning Committee resolved to grant it planning permission for its proposed development at 20 Fenchurch Street.
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UTV Withdraws Merger Offer for SMG

Ulster Television Plc (UTV) has today announced that it has written to the Board of SMG Plc to say that it will no longer be continuing with its merger proposal with them.
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Savings hit record highs

The UK's savings pot grew to its highest level this century in the second quarter of 2006, figures from industry body IFA Promotion (IFAP) show.
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Resolution profit above forecasts

Life insurer Resolution posted first half profit just above market forecasts on Wednesday, helped by growing asset management income
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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Top Banks Launch Rival Share Trading Data System

A group of nine of the world's biggest investment banks said on Tuesday they planned to set up a new system for reporting share trades, bypassing the major European stock exchanges and ahead of new European securities regulations due to come into force later this year.
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Daewoo Electronics play hard to get, Videocon edgy

India's leading consumer goods manufacturer, Videocon, is within an arm's length to acquiring South Korea's third largest electronics company, Daewoo Electronics, but certain riders attached by the ailing company relating to its takeover may persuade the Indian company to give it a second thought.

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